The Chairman of the Federal Reserve (fed) US, Jerome Powellinsisted on Tuesday that it will be necessary to continue raising interest rates for a while since the “disinflation” process has only just begun and “has a long way to go.” “We think we’ll need to raise rates further, as we said, and we think we’ll […]
Tag: Jerome Powell
Fed opts for a slight rate hike, but still expects to continue with restrictive policy
The Federal Reserve The United States raised its target interest rate by a quarter of a percentage point on Wednesday, February 1, but continued to promise “continued increases” in borrowing costs as part of its unresolved battle against inflation. “Inflation has come down a bit, but it’s still high,” said the central bank of USA […]
Inflation in the United States meets almost all of Powell’s expectations. Whats Next?
Put yourself in the shoes of the Fed. Less than two months ago, Chairman Jerome Powell laid out his analysis of inflation in a speech at the Brookings Institution. Today, most of your dreams and hopes are coming true. Supply chains are picking up and prices for basic goods are cooling. Perhaps most importantly, central […]
Powell: Fed needs independence to fight inflation, should avoid climate policy
The Federal Reserve’s independence from political influence is critical to its ability to fight inflation, but requires it to steer clear of issues like climate change that are beyond its mandate set by Congress, the Federal Reserve said Tuesday. Fed Chairman Jerome Powell. “Restoring price stability when inflation is high may require measures that are […]
Powell: It’s too early to talk about lowering Fed rates
“Our focus now is really on taking our monetary policy stance to one that is tight enough to ensure a return of inflation to our 2% target over time, not on rate cuts.”, Powell said at the press conference after the last Fed meeting, where the central bank raised its short-term rate target by half […]
US: Will a more aggressive increase in the Fed’s benchmark rate be necessary?
The Federal Reserve (fed) of the United States raised its benchmark interest rates for the first time since 2018, to fight the inflationwhich reached a 40-year high in the United States. This first rate increase was moderate, by a quarter of a percentage point, to take them to a range of 0.25% to 0.50%after inflation […]
Fed’s monetary policy on track despite ‘uncertain’ impact of Ukraine war, says Powell
Updated on 03/02/2022 09:23 am The Federal Reserve (Fed) will go ahead with its plans to raise interest rates this month to try to control high inflation, but the outbreak of war in Ukraine has made the outlook “very uncertain”, said Fed Chairman Jerome Powell. In comments prepared for his testimony before the House Financial […]
Traders bet on five Fed rate hikes this year
Traders are raising their bets on a further rise in borrowing costs as money markets see nearly five interest rate hikes from the Federal Reserve this year and another four by the Bank of England. Investors are also speculating that the Fed chairman, Jerome Powell, accelerated gains with a rare 50 basis point move in […]
Biden considers it appropriate that the Fed recalibrate support for the economy
the president of U.S, Joe Biden, considered it appropriate that the president of the Federal Reserve (Fed), Jerome Powell, Recalibrate the support given to the economy during the pandemic. “We are going to do fundamental work to ensure that high prices do not take root,” Biden said at a press conference on the first anniversary […]
Powell says U.S. economy can withstand monetary tightening, upswing omicron cases
The Federal Reserve’s (Fed) plans to tighten monetary policy this year should not weaken strong employment in an economy that “no longer need or want“The massive stimulus provided by the US central bank, said Fed Chairman Jerome Powell. In his testimony before the Senate Banking Committee, Powell stated that he expected the country to overcome […]