Federal Reserve Board Chairman Jerome Powell is scheduled to speak at a news conference following the Federal Open Market Committee meeting at the Federal Reserve in Washington, DC on July 26, 2023 (Saul Loeb | AFP | Getty Images). As is typical, the focus of this week’s meeting will be less on current actions and …
Former President Donald Trump voices concerns about high interest rates and hints at pressuring Federal Reserve Chair Jerome Powell to adopt a looser monetary policy if he is re-elected. During an interview set to air on NBC’s “Meet the Press,” Trump also suggests the possibility of removing Powell from his position. Trump criticizes the current …
Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, where the Kansas City Fed holds its annual economic symposium, in Wyoming, August 24, 2023. Ann Saphir | Reuters Boston Federal Reserve President Susan Collins advocates for a patient approach to policymaking and stresses the need for more …
The recent surge in Treasury yields does not spell doom for equities, according to Savita Subramanian of BofA Securities, who appeared on CNBC’s “Fast Money” on Tuesday. Rather, Subramanian considers the rise in bond yields as a positive sign for the economy. Subramanian, the head of equity and quantitative strategy at BofA Securities, believes that …
Federal Reserve Chair Jerome Powell emphasized the need for increased vigilance in addressing inflation during his keynote speech at the Kansas City Fed’s annual retreat in Jackson Hole, Wyoming. Powell warned that further interest rate hikes could be necessary to curb inflation, which remains higher than desired levels. While the central bank remains open to …
Federal Reserve Chairman Jerome Powell is set to deliver his annual address at the Jackson Hole retreat, and expectations are high that he will strike a balanced stance on monetary policy. With inflation slowing down and the economy stable, Powell may choose to adopt a more flexible approach instead of guiding the public and financial …
Former Federal Reserve governor Randall Kroszner believes that additional interest rate hikes may still be on the horizon. Kroszner, currently a professor of economics at the University of Chicago, predicts that interest rates will remain high well into the next year. Speaking to CNBC’s “Fast Money” on Wednesday, Kroszner stated, “I don’t see how they …
The minutes released Wednesday from the Federal Reserve’s July meeting revealed that officials expressed concern about the pace of inflation and suggested that more rate hikes may be necessary in the future. The discussion during the meeting resulted in a quarter percentage point rate hike, which is widely expected to be the last one of …
Neel Kashkari, President and CEO of the Federal Reserve Bank of Minneapolis, speaks during an interview with Reuters in New York City, New York, May 22, 2023. Mike Segar | Reuters Neel Kashkari, the President and CEO of the Federal Reserve Bank of Minneapolis, has expressed his support for implementing stricter measures on regional banks, …
A measure of wholesale prices exceeded expectations by rising more than anticipated in July, countering recent indications of easing inflation pressures. The producer price index (PPI), which assesses the costs that producers of goods and services receive for their products as opposed to the prices paid by consumers, showed a 0.3% increase for the month, …