Breitbart Business Digest: Powell Is in Denial About the Fed’s Soft Landing Forecast
The Federal Reserve appears to expect the softest of landings next year.

The Federal Reserve appears to expect the softest of landings next year.
Applications for refinancing mortgages unexpectedly surged last week despite rising interest rates. The Mortgage Bankers Association (MBA) said that overall mortgage applications rose 5.4 percent last week. Purchase mortgage applications rose 2.3 percent and refinancings jumped 13.2 percent. The burst
The biggest question in economics today is whether the Fed can engineer a soft landing.
The announcement of the Federal Reserve’s interest rate target is likely to be the least interesting thing coming out of this week’s Fed meeting.
The inflation fight is getting tougher.
During an interview with Bloomberg on Friday, Cleveland Federal Reserve Bank President Loretta Mester stated that she doesn’t want to entertain inflation remaining above 2% for longer than needed due to under-tightening and she wouldn’t want to see the timeline
The Fed chairman warned that rate hikes may not be over and rejected the idea of raising the central bank’s inflation target.
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Philadelphia Federal Reserve Bank President Patrick Harker stated that by this time next year, inflation will be around 3% and will move “slowly” to the 2% target level “in 2025.” CNBC
During a portion of an interview aired on Thursday’s broadcast of the Fox Business Network’s “Kudlow,” 2024 Republican presidential candidate former President Donald Trump said that if he is elected president, he would not renominate Federal Reserve Chair Jay Powell
During an interview with CNBC on Monday aired on Monday’s broadcast of “Last Call,” 2024 Republican presidential candidate Florida Gov. Ron DeSantis said that if he is elected president, he would not renominate Federal Reserve Chair Jay Powell to another
The annual monetary policy conference in Jackson Hole, Wyoming, has the potential to produce some explosive results.
A key gauge for the U.S. labor market indicates more jobs will be added in the months ahead, suggesting the Federal Reserve will hike again later this year.
During an interview with Bloomberg on Friday, Atlanta Federal Reserve President Raphael Bostic predicted that “it will just take a while” for inflation to hit 2% and the Federal Reserve will be in a restrictive stance “well into 2024,” and
On Wednesday’s broadcast of CNBC’s “Power Lunch,” JPMorgan Chase Chairman and CEO Jamie Dimon said that fiscal policy is contradicting the Federal Reserve’s efforts to fight inflation and that we’re currently paying for continuing COVID spending and quantitative easing for
Federal Reserve Chairman Jerome Powell said the Fed is no longer forecasting a recession given the latest economic data showing the resilience of the U.S. economy.
Even the economists do not believe the Federal Reserve.
Sen. Rick Scott (R-FL) touted his legislation to create more accountability at the nation’s central bank in an interview with Breitbart News, declaring that the Fed is supposed to be a boon to the American people, not the big banks.
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly stated that she was “not regularly aware” of the problems with Silicon Valley Bank (SVB) and said that doing this
On Thursday’s broadcast of CNBC’s “Squawk on the Street,” Federal Reserve Bank of San Francisco President and CEO Mary Daly responded to a question on why the weaknesses in Silicon Valley Bank weren’t identified by stating that while there are
Long and variable? Maybe not. Fed Governor Christopher Waller have a speech titled “Big Shocks Travel Fast: Why Policy Lags May Be Shorter Than You Think” on Thursday night in New York.
St. Louis Federal Reserve President James Bullard announced on Thursday that he was stepping down from his post to take the position of dean at Purdue University’s Mitchell E. Daniels, Jr. School of Business.
Inflation fell by more than expected in June.
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers predicted that the Federal Reserve will
On Friday’s broadcast of MSNBC’s “Ana Cabrera Reports,” acting Labor Secretary Julie Su acknowledged that the Federal Reserve hiking interest rates to tame inflation is hurting many people and stated that “We should acknowledge some of the pain that Americans
Chairman of Ukraine’s National Bank thanks Western partners for cash as reserves now the largest in history.
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that we do not have
Markets and analysts are no longer forecasting a series of rate cuts this year, but they do not buy the notion that the Fed will keep hiking.
The Federal Reserve on Wednesday announced its decision not to raise the range for its benchmark federal funds rate target, choosing to leave rates alone for the first time in 15 months.
Federal Reserve policymakers left the central bank’s benchmark interest rate unchanged despite inflation that has run above its target for over two years.
Federal Reserve Chairman Jerome Powell will get his pause.
The stage is set for the Federal Reserve to take a breather at its next meeting, probably with the explanation that it wants to assess the effects of the earlier interest rate hikes on the economy.
The Federal Reserve’s Summary of Economic Projections from March now appear to be seriously outdated.
President Joe Biden touted May’s jobs report, but Republican presidential candidate Tim Scott says the unemployment numbers are “distorted.”
During an interview with Bloomberg on Friday, Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton, Larry Summers stated that the jobs report shows that forecasters “are exaggerating the
A decline in the self-employed gig economy could be pulling more workers into payroll jobs while also increasing the unemployment rate, Breitbart Economics Editor John Carney explained.
So much for the idea that the labor market was softening enough for the Fed to hold off on rate hikes.
The deal to suspend the limit on federal government debt until 2025 removes one of the obstacles to another Federal Reserve rate increase.
Heritage Foundation economist E.J. Antoni told Breitbart News Saturday that stopping government spending would unleash the American economy and rein in inflation.
On Friday’s broadcast of CNBC’s “Squawk on the Street,” Cleveland Federal Reserve Bank President Loretta Mester stated that the latest Personal Consumption Expenditures (PCE) price index shows that progress on inflation “has been slow and in fits and starts” and
It is getting harder and harder to justify not raising rates at the next meeting of the Federal Open Market Committee.