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 […]
Tag: Jerome Powell
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
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
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”
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
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
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, […]
Powell says the Fed isn’t sure it raised interest rates enough
The president of the Federal Reserve (Fed), Jerome Powellstated this Thursday that he is not sure that the US regulator has raised interest rates enough to lower inflation to the 2% target. “The Federal Open Market Committee (FOMC) is committed to achieving a monetary policy stance that is tight enough to reduce inflation to 2% […]
Fed’s Barkin: It remains to be seen whether monetary policy needs to be tightened
The president of the Federal Reserve of Richmond, Thomas Barkinstated on Thursday that, although there have been “real progress” in matters of inflationit is still unclear whether the US central bank will have to raise its official interest rate to finish the job. “I foresee some kind of slowdown, as I think the net impact […]
Powell: Fed will keep rates high until inflation declines sustainably
The president of the United States Federal Reserve (Fed), Jerome Powellstated this Wednesday that interest rates will remain high as long as necessary, until inflation is reduced to its target of 2% and remains sustainably low. The Fed will maintain “a monetary policy stance that is sufficiently restrictive to reduce inflation sustainably to 2% over […]