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 […]
Tag: Jerome Powell
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
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
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 […]
Powell insists that it is necessary to continue raising interest rates
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 […]
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 […]