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Tag: Jerome Powell

Fed begins interest rate meeting with no room for future cuts

Fed begins interest rate meeting with no room for future cuts Fed begins interest rate meeting with no room for future cuts

The Federal Open Market Committee (FOMC) of the Federal Reserve (Fed) began its two-day meeting this Tuesday to determine the progress of monetary policy with inflation above expectations, GDP growth below forecasts and labor costs on the rise, which does not allow us to foresee a prompt drop of interest rates and even for some […]

Powell: Fed will keep high inflation rates “for as long as necessary”

Powell: Fed will keep high inflation rates “for as long as necessary” Powell: Fed will keep high inflation rates “for as long as necessary”

Recent inflation data indicates it will likely take longer for the Federal Reserve to achieve the confidence needed to lower interest rates, Fed Chairman Jerome Powell said. Lowering inflation will be a longer battle than expected, admitted the president of the Federal Reserve, Jerome Powellthis Thursday, thus reducing the chances of an upcoming interest rate […]

European Central Bank plans a pause before starting to lower interest rates

European Central Bank plans a pause before starting to lower interest rates European Central Bank plans a pause before starting to lower interest rates

The European Central Bank (ECB), encouraged by slowing inflation, could pave the way this Thursday for an interest rate cut starting in June. Christine Lagardethe president of the ECB, said in March that the guardians of the euro did not have “enough confidence” to consider easing their monetary policy. But now they have reason to […]

Fed Chairman assures that they are in no hurry to cut interest rates in the US

Fed Chairman assures that they are in no hurry to cut interest rates in the US Fed Chairman assures that they are in no hurry to cut interest rates in the US

The president of the Federal Reserve (Fed)Jerome Powell reiterated this Friday that they are in no hurry to cut the interest rate this year, during an event in California (USA) Powell assured that such action will not be taken until he sees “better inflation readings” and is more confident that annual price increases are falling […]

Powell insists that the Federal Reserve is close to starting to reduce interest rates

Powell insists that the Federal Reserve is close to starting to reduce interest rates Powell insists that the Federal Reserve is close to starting to reduce interest rates

The president of the Federal Reserve, Jerome Powellstated this Thursday that “it won’t be long” for the US central bank to cut rates and assured that the health of the US economy is better than that of any other developed country. Powell, who appeared before a US Senate committee this Thursday, added that when the […]

Fed to decide “carefully and thoughtfully” when to lower rates this year

Fed to decide “carefully and thoughtfully” when to lower rates this year Fed to decide “carefully and thoughtfully” when to lower rates this year

The president of the Federal Reserve of the United States (Fed), Jerome Powell, stated this Wednesday that the organization will decide “with care and consideration“When interest rates go down, a decision to be made”sometime this year”, once it is certain that inflation is reduced in a sustained manner. “The committee would like to see more […]

Americans’ discontent with the economy endangers Biden’s reelection

Americans’ discontent with the economy endangers Biden’s reelection Americans’ discontent with the economy endangers Biden’s reelection

Thousands of workers at the luxurious Las Vegas casinos spent months on the warpath for wage increases. The feeling that money is not enough is shared by millions of Americans, and undermines the re-election chances of Joe Biden. “The economy is horrible. “Inflation has hurt everyone,” Jennine Minervini, of the Culinary Workers union, told AFP […]

Powell: Fed will lower interest rates “sometime this year”

Powell: Fed will lower interest rates “sometime this year” Powell: Fed will lower interest rates “sometime this year”

The president of the Federal Reserve (Fed) of the United States, Jerome Powell, said this Wednesday that if the economy evolves “Generally speaking, as expected, it will probably be appropriate to start tapering the policy sometime this year.”. “We think our policy rate is probably at its peak for this tightening cycle“, he noted minutes […]

Fed’s Goolsbee ‘confused’ with market reaction on rates

Fed’s Goolsbee ‘confused’ with market reaction on rates Fed’s Goolsbee ‘confused’ with market reaction on rates

The Federal Reserve is not committing in advance to cut interest rates soon and quickly, and rising market expectations that it will do so contradicts the way the economy works. us central banksaid the president of the entity in Chicago, Austan Goolsbee. “It’s not what you say or what the president (of the Fed, Jerome […]

Fed begins its last meeting of 2023 that could end the rate hike

Fed begins its last meeting of 2023 that could end the rate hike Fed begins its last meeting of 2023 that could end the rate hike

The Federal Reserve begins its last meeting of 2023 this Tuesday, a meeting that according to experts could dictate that the end of the increases in interest rates has arrived, although its decline is still not in sight in the near future. Analysts and economists are convinced that the Fed will pause again in December, […]

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