Jerome Powell
Federal Reserve Cuts Key Rate Yet Powell Says Future Reductions are Not Locked In
Speaking to reporters after the Fed announced its rate decision, Powell said there were “strongly differing views about how to proceed in December” at its next meeting. read more >
by Associated Press -
Missing Government Data Unlikely to Sway Federal Reserve From Rate-Cut Path
Also on Wednesday, the central bank may announce that it will no longer reduce the size of its massive securities holdings, which it accumulated during and after the pandemic and after the 2008-2009 Great Recession. read more >
by Associated Press -
A Delicate Dance (Hunter Field Editor’s Note)
An influx of federal cash has propped up several industries; now eyes are on the Fed. read more >
by Hunter Field -
Powell: Fed Still Sees Rate Cuts This Year; Election Timing Won’t Affect Decision
“The recent data do not ... materially change the overall picture,” Powell said in a speech at Stanford University. read more >
by Associated Press -
Powell Says Fed Wants to See ‘More Good Inflation Readings’ Before it Can Cut Rates
Speaking at a conference at the Federal Reserve Bank of San Francisco, he said he still expected "inflation to come down on a sometimes bumpy path to 2%.'' read more >
by Associated Press -
Federal Reserve Still Foresees 3 Interest Rate Cuts This Year Despite Bump in Inflation
Powell will surely be pressed on the topic at a news conference Wednesday after the Fed ends its latest two-day meeting. read more >
by Associated Press -
Federal Reserve Signals That Interest Rate Cuts Aren’t Imminent, Leaves Them Unchanged
“I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting” to start cutting rates, Chair Jerome Powell said at a news conference. read more >
Report: US Wages Rose at Solid Pace This Summer
Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve’s fight against inflation. read more >
Fed Chair Powell: Inflation Remains Too High, More Rate Hikes Could Be Needed
Powell noted that inflation has cooled significantly from a year ago. But he cautioned that it's not yet clear whether inflation is on a steady path back to the Fed's 2% target. read more >
Why the US Job Market has Defied Rising Interest Rates and Expectations of High Unemployment
The idea that defeating high inflation would require sharply higher unemployment is based on a long-time economic model that may prove ill-suited for the post-pandemic episode. read more >
Fed Keeps Rates Unchanged but Signals Likelihood of Another Hike This Year to Fight Inflation
The more measured approach to rate increases the Fed is now taking reflects an awareness among the officials that the risks to the economy of raising rates too high is growing. read more >
A June Pause in Rate Hikes Would be a Close Call for Fed Officials, Minutes of Last Meeting Show
Yet those supporting a pause may have the upper hand. Chair Jerome Powell and the officials closest to him have signaled in speeches over the past week that they're likely to support a pause in rate hikes at their next meeting in mid-June. read more >
US Inflation Eases But Stays High, Putting Fed in Tough Spot
U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system. read more >
by -
Fed Minutes: Almost All Officials Backed Quarter-Point Hike
Overall, the minutes released Wednesday showed that the Fed's policymakers emphasized their determination to keep rates high to curb inflation even as they welcomed a slowdown since the fall. read more >
Applications for Jobless Aid Up Last Week, but Still Low
It's the third straight week that the four-week moving average has been below 200,000 and the ninth straight weekly decline. read more >
Fed, Set to Impose Smaller Hike, May Hint of Fewer Increases
A change in its statement, if there is one, could be seen as signaling an eventual pause in the Fed's aggressive drive to raise borrowing costs. read more >
Can US Avoid a Recession? As Inflation Eases, Optimism Rises
One reason for the tentative optimism is evidence that an acceleration in U.S. wages, which has benefited workers but also heightened inflation, is slowing. read more >
Cooler Hiring and Milder Pay Gains Could Aid Inflation Fight
America's employers added a solid 223,000 jobs in December, but last month's gain was the smallest in two years. read more >
US Inflation Slowed Sharply to 7.1% Over Past 12 Months
Measured from month to month, which gives a more up-to-date snapshot, the consumer price index inched up just 0.1%. read more >
What to Watch in 2023 (Lance Turner Editor’s Note)
Last year around this time, I identified a few business news items with implications for 2022. And with 2023 on the horizon, it’s time to do it again — and check on a couple of last year’s forecasts. read more >
by Lance Turner -
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