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.
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.
Maybe history will call this week’s move by the Federal Reserve the Barbenheimer Hike.
Today’s jobs report data is likely enough to lock-in a Fed rate hike.
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 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The Federal Reserve’s Summary of Economic Projections from March now appear to be seriously outdated.
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
The first-quarter GDP report bears all the signs of stagflation and makes a Fed rate hike all but inevitable, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
The stock market is still “at loggerheads with the Fed” thinking the central bank will cut interest rates this year, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
The Bank Panic Is Not Getting Worse The banking panic appears to have receded, at least for the time being. The Federal Reserve on Thursday released its weekly balance sheet report, affectionately known as “factors affecting reserve balances” or “H.4.1”
The money supply stayed higher for longer, so inflation and economic growth are likely to stay higher for longer too.
The market’s expectations for the rate hike coming out of the March meeting of the Federal Open Market Committee (FOMC) moved violently on Tuesday as the Fed chief testified before the Senate Banking Committee.
Fed chair says he is going to stand his ground on the inflation target.
On Friday’s broadcast of “CNN Newsroom,” Labor Secretary Marty Walsh stated that he hasn’t “seen what the impacts” of the Federal Reserve rate hikes are, and “All I know is that every month, we’re seeing more and more jobs added
The poet and essayist Ralph Waldo Emerson is often credited with advising that “life is a journey not a destination.” Federal Reserve Chairman Jerome Powell on Wednesday told us that for the Federal Reserve, it is the destination that matters more than the journey.
Like the famous cartoon character Wimpy who promises to pay on Tuesday for a hamburger today, Sen. Joe Manchin’s inflation bill promises to pay for all its extra spending today with savings sometime in the future.
Federal Reserve Chairman Jerome Powell said Wednesday that he does not believe the U.S. is currently in a recession, citing the fact that job vacancies are still above 11 million, unemployment is near record lows, and hiring has been brisk.
There’s no doubt that the Federal Reserve is going to raise its interest rate target at the end of tomorrow’s meeting of the Federal Open Market Committee. What we do not know is how much they will raise.
It increasingly looks like it may take a recession to tame inflation—a recession that may already be underway.
While the Federal Reserve did the right thing on Thursday by raising its target by three-quarters of a percentage point, the question of whether the central bank will continue to do the right thing remains open.
The Federal Reserve is going to have to play catch up to rein in inflation.
The faith of the followers of Fed Chairman Jerome Powell is fickle. Thursday’s massive stock sell-off completely erased all of Wednesday’s Powell-inspired gains and then some.
Jerome Powell still believes in immaculate disinflation—and he appears to have won the market over to his view.
Fifty-seven percent of the economists, strategists, and fund managers in a recent CNBC poll say they expect the Fed’s interest rate hikes to result in a recession.
If we had not already quoted old Tom Eliot on the alleged cruelty of April, we would certainly be tempted to do so again after Friday brought the April sell-off to such a crescendo.
The U.S. Federal Reserve announced Sunday evening that it would slash interest rates to near-zero and buy billions of dollars in bonds in an effort to protect the U.S. economy from the ongoing effects of the coronavirus outbreak.
The Federal Reserve announced Wednesday afternoon, less than a week before Christmas, that the Fed will raise interest rates a quarter of a point, from 2.25 to 2.50 percent.
U.S. Federal Reserve officials announced a modest interest rate hike on Wednesday, predicting two more this year as the American economy continues to grow.