The Federal Reserve it will likely have to raise interest rates further to reduce inflation that remains too high, but the end of its current tightening cycle is near, several US central bank officials said on Monday. The fed has raised rates by 5 percentage points since March 2022 to reduce the highest inflation in […]
Tag: Jerome Powell
Fed’s Powell thinks it’s appropriate to raise US interest rates but at a slower pace
The Federal Reserve The US (Fed, central bank) expects to continue raising interest rates but more slowly, Fed Chairman Jerome Powell said at a congressional hearing on Wednesday. “Given how far we’ve come, it may make sense to increase rates, but do so at a more moderate pace.”he told the House Committee on Financial Services. […]
United States: Federal Reserve halted interest rate hikes for the first time in 15 months
With information from AFP/EFE The United States Federal Reserve (Fed) decided to stop the increase in interest rates for this month, which since March 2022 has been raised 10 times in a row to fight inflation. It is worth noting that rates will remain between 5% and 5.25%, their highest value since mid-2007. The Fed […]
Bullard: Disinflation prospects ‘good’ but not guaranteed
The president of the Bank of Federal Reserve of St. Louis, James Bullard, one of the first officials of the central bank of USA who was in favor of rapidly raising interest rates to curb rising inflation, expressed moderate optimism on Friday regarding the results of the hikes. “Monetary policy is now at the lower […]
Jerome Powell: Bringing down US inflation will take time
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 […]
Jerome Powell has the lowest level of public trust among Fed chiefs
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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 […]
US inflation slowed to 6.0% yoy in February
Inflation slowed down USA in February to 6.0% year-on-year, its lowest level in almost a year and a half, at a time when the fed (central bank), in charge of stopping the rise in prices, is against a rock and a hard place after the bankruptcy BLS. On a month-over-month basis, inflation fell to 0.4%, […]
Powell: Fed hasn’t made any rate decisions yet
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The president of the Federal Reserve of the United States (Fed), Jerome Powell, clarified this Wednesday that the agency has not yet made a decision on how much it will raise interest rates and that it is waiting to know various economic data. “We have some potentially important data to analyze (…) Again, we have […]
Powell warns that Fed interest rates could rise more than expected
The main guide rate of the Federal Reserve The US, which has been rising for a year to try to contain inflation, could continue to rise beyond 5.1%, the ceiling expected so far, the president of the central bank warned on Tuesday, Jerome Powell. “The latest economic data is stronger than expected, suggesting that the […]
Do you see a crisis in the American market?
Jerome Powellpresident of the Federal Reservefaces one of the greatest challenges of his administration: to reduce inflation that ended last year at 5.1% until reaching the goal of 2%, without leading the US economy into a recession. Why is a problem? We must understand that the central bank’s tool to control inflation is to raise […]