Kevin Warsh Pledges ‘Reform Oriented Federal Reserve’ as New Fed Chair
WASHINGTON (MaceNews) – In a White House ceremony attended by many dozens, Kevin Warsh Friday pledged to lead a “reform-oriented Federal Reserve” as the Dow industrials reached a new intra-day high. After being sworn in by Justice Clarence Thomas, whom Warsh called ‘a brilliant and independent thinker,” the new Fed chief said, “Chairman Greenspan was […]
Fed Officials Remain Wary of Changing Funds Rate, But Inflation Concerns Paramount
— Balance Sheet Policy Due To Come Into Focus As Warsh Takes Charge By Steven K. Beckner (MaceNews) – As the Jerome Powell era gives way to the Kevin Warsh regime at the Federal Reserve, Fed officials continue to warily contemplate whether the U.S. central bank’s short-term interest rate settings need to be adjusted. For […]
Inflation Making Fed Officials Increasingly Prone To Keep Funds Rate As Is, If Not Higher
– Schmid: Inflation ‘Most Pressing Risk To The Economy’ – Hammack: FOMC Must Make ‘Tough Tradeoffs” to Guarantee Low Inflation By Steven K. Beckner (MaceNews) – With the war against Iran worsening price pressures in the United States, Federal Reserve officials are not only leaning toward keeping monetary policy on hold indefinitely, they seem increasingly […]
Fed Officials Point Toward Ending Easing Bias, But Leaving Rates on Hold
– Dissenters Hammack, Kashkari Focus on Inflation; Muse About Possible Rate Hikes – Williams, Others See Monetary Policy as “Well-positioned’ for Foreseeable Future – Weight of Official Concerns Has Shifted Away from Jobs to Inflation By Steven K. Beckner (MaceNews) – Federal Reserve officials have given additional hints this week that the easing bias the […]
FOMC Leaves Funds Rate In 3.5-3.75% Target Range; Keeps Easing Bias For Now
–Powell: To Stay on Fed Board After Warsh Becomes Chair –Four FOMC Participants Dissented, Three of Them Against Inclusion of Easing Bias – Powell: Monetary Policy ‘In Good Place’ To ‘Wait and See’ – Powell: Before Tightening Bias, FOMC Would First Move To ‘Neutral’ Forward Guidance By Steven K. Beckner (MaceNews) – The Federal Reserve’s […]
TRANSCRIPT: Fed’s Powell Q&A; to Stay on Fed Board after Warsh; Could Cut or Hike Rates Depending on What Happens
WASHINGTON (MaceNews) – The following is a rough transcript of Jerome Powell’s last post-Federal Open Market Committee meeting news conference Wednesday as Federal Reserve chair:
TEXT: FOMC Statement – Keeps Easing Bias Despite Dissents; No Rate Change, As Expected
— Four Dissents, Three of Which Opposed Inclusion of Easing Basis; Miran Wanted Rate Cut WASHINGTON (MaceNews) – The following is Wednesday afternoon’s policy statement from the Federal Open Market Committee: Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate […]
TEXT: Remarks of Fed Chair Nominee Kevin Warsh prepared for the Senate Banking Committee Confirmation Hearing
WASHINGTON (MaceNews) – The following are the remarks of Federal Reserve Chair Kevin Warsh prepared for delivery Tuesday to the Senate Banking Committee confirmation hearing: Good morning, Mr. Chairman, and thank you. It’s an honor to be with you, Ranking MemberWarren, and the entire committee. I appreciate your time and consideration today, and yourmany courtesies, […]
Fed Officials Remain Uncertain, Hesitant as Middle East Tensions Continue
– Waller Forecasts Possible Rate Cuts but Not until ‘Later This Year’ – Daly ‘Wouldn’t Be Surprised’ If Funds Rate Left Unchanged Through 2026 By Steven K. Beckner (MaceNews) – Monetary policy remained firmly on hold in the minds of Federal Reserve officials toward the end of the week, amid a rapidly changing situation in […]
Fed’s Jefferson: FOMC ‘Well-Positioned’ To Face Upside Inflation, Downside Job Risks
–– Williams: FOMC Is Now ‘Really Well-Positioned’ To ‘Wait and See’ — Goolsbee: Fed in ‘Very Uncomfortable Situation; Facing Danger of ‘Stagflation’ By Steven K. Beckner (MaceNews) – Federal Reserve Vice Chairman Phillip Jefferson said Tuesday evening that monetary policy is “well-positioned” in a war-influenced environment of both upside risks to inflation and downside risks […]