TRANSCRIPT: Fed Chair Powell’s News Conference Remarks Rule Out Any Rate Hike and See Any Rate Cuts This Year Dependent on Data
–Don’t See the ‘Stag’ or the ‘Flation’ WASHINGTON (MaceNews) – Federal Reserve Chair Jerome Powell, answering questions in his post-FOMC news conference Wednesday, said he is still confident of more progress against inflation this year, was vague about the possibility of one or more 2024 rates cuts and said he doesn’t understand any fear about […]
FOMC Cites ‘Lack of Progress’ on Inflation; Need More Confidence Before Any Rate Cut
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday fulfilled expectations that it would hold steady on its policy interest rate while restating that there will be no rate cut until it has greater confidence that the inflation rate is declining toward its target. The FOMC policy statement follows with boldfacing added for emphasis: Recent […]
White House and Other Schedules for Wednesday, May 1
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data DAILY GUIDANCE AND PRESS SCHEDULE FORWEDNESDAY, MAY 1, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. In the afternoon, the President will participate […]
White House and Other Schedules for Tuesday, April 30
WASHINGTON (MaceNews) – The following are Tuesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data DAILY GUIDANCE AND PRESS SCHEDULE FOR TUESDAY, APRIL 30, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Then, the President will […]
Williams, Bostic: Fed Should Be in No Rush To Start Cutting Interest Rates
Fed officials in no rush to cut rates
FOMC Minutes Show Central Bank Bedeviled by Uncertainty, Unsure of Future Rate Cuts But Still Hoping For This Year
WASHINGTON (MaceNews) – The Federal Open Market Committee’s latest meeting saw a cautious wariness about the possible arrival of worse data – anticipating the day’s CPI — but still hopeful for a rate cut or more later this year, according to the minutes of the meeting released Wednesday. The portion of the minutes devoted to […]
White House and Other Schedules for Wednesday, April 10
WASHINGTON (MaceNews) – The following are Wednesday’s schedules for the White House, Treasury, USTR, the State Department and Capitol Hill as well as U.S. economic data DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, APRIL 10, 2024 In the morning, the President will receive the President’s Daily Brief. This meeting will be closed press. Later, the President and the […]
Dallas Fed’s Logan: ‘Much Too Soon to Think About Cutting Interest Rates’
Dallas Fed’s Logan says too soon to cut interest rates
Fed’s Powell Discourages Early Interest Rate Cut Speculation
Fed’s Powell cautious on rate cuts
FOMC Leaves Funds Rate Unchanged; No Clear Signal When Rate Cuts To Start
– 2024 Rate Cut Projections Stay at Three – to 4.6%; Rate Cuts Trimmed for 2025, 2026 – Powell: FOMC Wants ‘Confirmation’ Inflation Falling After Jan, Feb Data – Powell: FOMC Could Decide To Curb Balance Sheet Run-off “Fairly Soon” By Steven K. Beckner (MaceNews) – Not long ago, many were expecting the Federal Reserve […]