Fed Chair Jerome Powell said while the Federal Reserve's policy rate is likely at or near its peak in this tightening cycle, he would not rule out another rate hike. "We are prepared to tighten policy further if appropriate," he said at the post-meeting press conference. In fact, the ...
The Federal Reserve's recent statements have indicated that central bankers want "greater confidence" that inflation is falling toward 2%. It is not quite clear what exactly that would entail, but the Fed is not there yet, according to Chair Jerome Powell. "So far this year, the data have ...
Fed meeting today on Chase-Chemical merger.(Federal Reserve Board, Chase Manhattan Corp., Chemical Banking Corp.)(Brief Article)Fox, Justin
CENTRAL BANKS are supposed to inspire confidence in the economy by keeping inflation low and stable. America’s Federal Reserve has suffered a hair-raising loss of control. In March consumer prices were 8.5% higher than a year earlier, the fastest annual rise since 1981. In Washington inflation...
The Federal Reserve Chair Jerome Powell confirmed slower rate cuts on the horizon. The Fed has been or closer to the timing of slower cuts, Powell told reporters at a news conference after the meeting.“Today was a closer call, but we decided it was the right call,” Powell said. He ...
"The Federal Reserve just raised interest rates again-its fastest stream of hikes in 40 years.2 important money moves to make now,"alerted MarketWatch,quoting Bankrate chief financial analyst Greg McBride as saying that"this could be the last(rate hike),or the last for a while,"and that ...
"No one is declaring victory. That would be premature. And we can't be guaranteed of this progress," Powell said. "So, we're moving carefully in making that assessment of whether we need to do more or not." On the latest policy meeting in December, the U.S. Federal Reserve left in...
US Treasury yields moved lower by 3-4bp across the curve on Tuesday. Following the BOJ's decision yesterday, the focus now shifts towards the Federal Reserve's meeting where rates are expected to stay unchanged but the dot plots and Jerome Powell's comments will be watched. Separately, new...
The Federal Reserve is poised to increase interest rates next month but also is now committed to a “significant reduction” in the $9 trillion of securities it holds on its balance sheet, minutes of the central bank’s January meeting revealed. READ: Retail Sale...
Just last year there was a panic at the 16th largest bank. AFederal Reserve report blamedbank mismanagement but also inadequate supervision by the Fed itself. Scott Pelley: You seem confident in the banks, and yet the Silicon Valley Bank, second largest failure in U.S. history. Did the Fed...