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 […]
Powell: Fed ‘In Good Place To Wait And See’ How Iran War Affects U.S. Economy
– War Exerts “Upside Risks’ On Inflation, ‘Downside Risks’ On Employment – Must Be ‘Mindful’ To Keep Inflation Expectations ‘Anchored’ By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell gave no indication Monday of when or how the Fed might adjust short-term interest rates, saying monetary policy is “in a good place to […]
Fed Vice Chair Jefferson, Others Call For Stand Pat Rate Stance Amid War Worries
By Steven K. Beckner (MaceNews) – Just over a week after the Federal Reserve’s policymaking Federal Open Market Committee left short-term interest rates unchanged, majority thinking on the course of monetary policy is little changed, judging from Fed policymakers’ recent comments. Fed Vice Chairman Phillip Jefferson and other members of the Fed Board of Governors […]
FOMC Leaves Funds Rate Unchanged in 3.50-3.75% Target Range
– Participants Project one 25 BP Rate Cut to 3.25-3.50% By End Of 2026 – Gov. Miran Only Dissent; Favored 25 BP Rate Cut – FOMC: Economic ‘Implications of Developments in Middle East…Uncertain’ – Participants Revise ‘Longer Run” (Neutral) Funds Rate From 3.0% to 3.1% – Powell: Must ‘Wait and See’ War Impact; Balance Upside […]