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.
On Monday’s broadcast of CNBC’s “Squawk Box,” Minneapolis Fed President Neel Kashkari stated that “we keep getting surprised about how high inflation has been, how entrenched it has been, how slow it is coming down,” “services inflation seems pretty darn entrenched”
Federal Reserve Chairman Jerome Powell still appears to support a pause at the next meeting—and expects the Fed will hold rates near current levels rather than cut later this year.
Federal Reserve officials are working overtime to jawbone the market away from the conviction that the Fed will cut rates several times this year.
On Monday’s broadcast of CNBC’s “Squawk Box,” Atlanta Federal Reserve President Raphael Bostic said that he won’t be thinking about cutting interest rates “until well into” next year and that he probably wouldn’t cut interest rates if there was a
On Monday’s broadcast of CNBC’s “Squawk Box,” Atlanta Federal Reserve President Raphael Bostic stated that inflation is “not going to come down very quickly,” and that while there has been progress, the Fed has done “the easiest part of inflation
Even though Wall Street is betting on an interest rate cut, the Federal Reserve could hike rates at its next meeting in June, Breitbart Economics Editor John Carney explained.
The Federal Reserve fired a shot across the bow of market complacency on interest rates.
Bowman says that “additional monetary policy tightening will likely be appropriate” if inflation continues to run high.
Nearly six in ten Americans say that high inflation has had a substantial impact on their lives, while a plurality believes it will become worse six months from now, according to a poll.
Worse than Bernanke and Yellen.
Fed officials drooped language from the statement that had indicated more hikes ahead.
First Republic won’t be the last bank to fail, Breitbart Economics Editor John Carney warned Fox Business host Larry Kudlow in an interview Monday following JPMorgan Chase’s acquisition of the failed bank.
