TRANSCRIPT: Fed’s Powell Answers Questions After FOMC Holds Rates Steady
WASHINGTON (MaceNews) – The following is a transcript of Federal Reserve Chair Jerome Powell’s news conference Wednesday following the meeting of the Federal Open Market Committee: >> Good afternoon, everyone. My colleagues and I remain squarely focused on our dual mandate to promote maximum. Good afternoon, everyone. My colleagues and I remain squarely focused on […]
FOMC Holds Steady as Expected; Hints at Higher for Longer
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday issues a policy statement that contained no surprises, maintaining the federal funds rate at 5.25% to 5.5%. The central bank accompanied its statement with updated economic and fed funds rate projections that continue to see the inflation not regressing to the targeted 2% until 2026, meanwhile […]
White House and Other Schedules for Wednesday, Sept 20
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 and Federal Reserve events: COMPREHENSIVE TRIP GUIDANCE AND PRESS SCHEDULEFOR WEDNESDAY, SEPTEMBER 20, 2023 Wednesday, September 20, 2023 In the morning, the President will receive the President’s Daily Brief. […]
FOMC To Skip September but Hold Door Open To Future Rate Hikes
– Fed Faces Tricky Calculations, Choices as It Plots Policy Course By Steven K. Beckner (MaceNews) – As the Federal Reserve prepares for its sixth monetary policy meeting of 2023, the way forward for interest rates is hazy. It seems likely the Fed’s policymaking Federal Open Market Committee will raise the federal funds rate further […]
Powell: Fed Ready to Raise Rates Further To Reduce Inflation To 2%
– Funds Rate Now ‘Restrictive’ But Unsure If It’s ‘Sufficiently Restrictive’ – FOMC Can Afford to Proceed ‘Carefully’ – Will Watch for Evidence of Progress on Inflation, Labor Market Tightness By Steven K. Beckner (MaceNews) – Federal Reserve Chair Jerome Powell expressed a mild, but clear bias toward additional monetary tightening in an anxiously awaited […]
FOMC Minutes Reflect Uncertainty, Data Dependency as Economy Refuses to Adhere to Slow-Growth Scenario
WASHINGTON (MaceNews) – The minutes of July’s Federal Open Market Committee Meeting Wednesday underlined the central bank policymakers’ continued uncertainty and dependence on data yet to come as the economy resisted the Fed staff’s outlook for below-trend growth. The Fed Board members and regional bank presidents generally acknowledged inflation – particularly minus food, energy and […]
White House and Other Schedules for Wednesday, Aug 16
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 and Federal Reserve events: DAILY GUIDANCE AND PRESS SCHEDULE FOR WEDNESDAY, AUGUST 16, 2023 In the morning, the President will receive the President’s Daily Brief. This meeting in the Oval Office […]
Fed’s Kashkari: Not Ready To Say Fed Has Hiked Rates Enough To Curb Inflation
– But Says ‘Positive Signs’ Let FOMC ‘Take A Little More Time’ – Says FOMC ‘Long Way From Cutting Rates’ – Allows For Nominal Cuts at Some Point To Prevent Inadvertent Tightening of Real Rates – Warns Of Possible Bank Stress If Fed Has to Keep Raising Rates By Steven K. Beckner (MaceNews) – Minneapolis […]
FOMC Resumes Rate Hikes as Powell Hints at Higher Rates To Come
– Ups Funds Rate 25 Bp to 5.25-5.5%; ‘Extent of Additional Policy Firming’ Referenced – Powell: FOMC Could Hike Again in September or Keep ‘Steady’ Depending on Data – Powell Rules Out 2023 Rate Cuts – FOMC Repeats ‘Inflation Remains Elevated’ – FOMC Repeats Bank Credit Tightening to Weigh on Firms and Households By Steven […]
TRANSCRIPT: Fed’s Powell Post-FOMC Meeting Q&A
WASHINGTON (MaceNews) – The transcript of Federal Reserve Chair Jerome Powell’s post-FOMC meeting press conference Wednesday follows: Since early last year the FOMC has significantly tightened the stance of monetary policy. Today we took another step by raising our policy interest rate a quarter percentage point. And we are continuing to reduce our securities holdings […]