The president of the US Federal Reserve (Fed), Jerome Powell, insisted yesterday that his institution remains committed to the mission of returning the inflation to 2% in the United States and affirmed that the economic data continues to indicate that it will take time. “So far, the data has continued to support the committee’s view […]
Tag: Fed
Powell: “The data supports the Fed’s view that lowering inflation will take some time”
The president of the Federal Reserve American (Fed), Jerome Powellinsisted this Friday that his institution remains committed to the mission of returning inflation to 2% in the United States and He said economic data continues to point to it taking time. “So far, the data have continued to support the committee’s view that it will […]
Yellen: US default could lead to recession and ‘break’ financial markets
US Treasury Secretary Janet Yellen warned Tuesday that a public debt default it would leave millions of people with no income, potentially triggering a recession that would destroy many jobs and businesses. Yellen told a meeting of community bankers that the unprecedented financial and economic crisis would be compounded by potential disruptions to federal government […]
Biden nominates a Latina economist for Fed Governor
The US president, Joe Biden, nominated this Friday the Colombian-American economist Adriana Kugler to be governor of the Federal Reserve (Fed), which would make her the first Latina to be part of the board that leads the US organization. Kugler is currently the executive director of World Bank Group for the United States. According to […]
Fed’s Kashkari: Tightening may be needed ‘a long time’
The president of the Federal Reserve of Minneapolis, Neel Kashkari, said Thursday that a prolonged period of high interest rates and an inverted yield curve could put more pressure on banks, but would be necessary if inflation remains stubbornly high. There are signs that high inflation “It’s going down, but it’s been pretty persistent so […]
Jerome Powell has the lowest level of public trust among Fed chiefs
The level of public confidence in the leadership exercised by Jerome Powell in the Federal Reserve has fallen rapidly, according to a new survey. It is now at or below its predecessors as the central bank wages its war on inflation. A Gallup poll released Tuesday shows that 36% of American adults say they trust”a […]
Fed raises rates for the tenth time to curb US inflation.
The United States Federal Reserve (Fed) raised its main official interest rate by a quarter of a percentage point on Wednesday for the tenth consecutive time since March 2022, to curb inflation despite signs of a slowdown in the economy and the recent banking crisis. . The unanimous decision raised the US central bank’s benchmark […]
Mexican peso hits strongest level since 2017 after Fed decision
The Mexican peso rose to its strongest level in almost six years after the Federal Reserve (Fed) raised interest rates by a quarter of a percentage point and hinted at the end of its tightening cycle. The currency rose 0.8% to 17.8315 per dollar on Wednesday, the strongest level since September 2017. High interest rates, […]
FED raises its reference rate by 0.25 points: US rates hit 2007 highs
The Federal Reserve (FED) The US announced this Wednesday a new rise in interest rates of 0.25 points, a quarter of a point, which places rates in a range of between 5 and 5.25%, as reported by the EFE agency . The increase, the tenth in the last year, is in line with what was […]
Key Fed officials see return of low-rate world likely
For all the claims that the pandemic and the spike in inflation that followed it have ended the era of low interest rates, top policymakers at the Federal Reserve and elsewhere continue to see a return to that world. as a probable outcome in the future. The fed is nearing the end of its epic […]