Breitbart Business Digest: Inflation Tame Enough for a Fed Pause
Federal Reserve Chairman Jerome Powell will get his pause.
Federal Reserve Chairman Jerome Powell will get his pause.
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.
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.
The Federal Reserve fired a shot across the bow of market complacency on interest rates.
The April inflation report will keep the Federal Reserve on track to pause rate hikes at its meeting next month.
Every unpopular Federal Reserve chairman is unpopular in his own way.
Worse than Bernanke and Yellen.
The policies of the Biden administration caused the explosion of inflation that has left so many Americans with less spending power, Freedom Works senior economist Steve Moore told Breitbart News on Monday.
The fact that the market reacted to Fed Chair Jerome Powell’s assurances about the health of the banking sector with a rout in bank stocks raises serious questions about Powell’s credibility.
Fed officials drooped language from the statement that had indicated more hikes ahead.
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
A pair of Russian pranksters famous for their hoax calls posed as Ukrainian President Volodymyr Zelensky and tricked U.S. Federal Reserve Chairman Jerome Powell into sharing a call with them, a report Thursday claims.
The market may be disappointed that Federal Reserve Chairman Powell turns out to be more Paul Volcker than Arthur Burns in staying the course in his inflation fight.
The run on Silicon Valley Bank was triggered by depositor concerns over losses the bank had suffered due to rising interest rates. Which raises the question: why was the bank so exposed to interest rate risk?
Treasury Secretary Janet Yellen was more concerned about climate change than the looming risks to our banking system brought on by the rapid rise of interest rates, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Borrowing from the Fed is at a level not seen since the 2008 financial crisis.
On Wednesday’s broadcast of “CNN Newsroom,” CNN Business Reporter Matt Egan stated that the Federal Reserve has gotten “more pessimistic” on inflation and CNN Economics and Political Commentator, Washington Post columnist, and PBS Special Correspondent Catherine Rampell said that the change in the
Federal Reserve Chairman Jerome Powell said on Wednesday that inflation remains “too high” and has a “likely bumpy” and “long way” to go until it reaches the intended two percent, where the Fed would like it to be.
Sens. Rick Scott (R-FL) and Elizabeth Warren (D-MA) unveiled bipartisan legislation to boost oversight of the Federal Reserve amid two bank failures.
Senator Elizabeth Warren (D-MA) said Wednesday on CNN’s “The Lead” that Federal Reserve Chairman Jerome Powell should be removed because he is “trying to drive” the U.S. economy into a recession.
Federal Reserve Chair Jerome Powell said during Wednesday’s press conference that the Fed would use “all of our tools” to keep the banking system safe in the wake of the Silicon Valley Bank (SVB) collapse earlier this month.
Senator Elizabeth Warren (D-MA) said Sunday on CBS’s “Face the Nation” that she did not have faith in San Francisco Federal Reserve President Mary Daly in wake of Silicon Valley Bank’s collapse.
Senator Elizabeth Warren (D-MA) said Sunday on NBC’s “Meet the Press” that Federal Reserve Chair Jerome Powell “took a flamethrower to the regulations” on banks.
It seems very unlikely that the Federal Reserve will end its rate hike cycle.
The Federal Reserve on Monday announced plans to conduct an internal review of the oversight of Silicon Valley Bank (SVB) after the bank’s abrupt failure last week.
Chris Whalen, chairman of Whalen Global Advisors, blamed Federal Reserve Chair Jerome Powell for the failure of Silicon Valley Bank (SVP) in a Friday interview on Forward Guidance with host Jack Farley.
Federal Reserve Chair Jerome Powell introduced a third dimension to the Fed’s monetary policy: the pace of interest rate hikes.
The most entertaining scene in Tuesday’s Senate hearing on monetary policy was also its most enlightening, highlighting two opposing views of inflation and the underlying mechanics of the U.S. economy.
Hotter than expected data has forced the Fed to rethink the pace and peak of interest rates.
Former Federal Reserve governor and chief executive officer at The Lindsey Group Lawrence Lindsey said Monday on CNBC’s “The Exchange” that Fed Chair Jerome Powell had the “most counterproductive press conference” while announcing the Federal Reserve raised its benchmark interest rate by a quarter point.
Fed chairman Jerome Powell described the labor market as extremely tight. Jobless claims indicate that it may be getting even tighter.
Jerome Powell fumbled his first press conference of the year.
The Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed’s series of interest rate hikes are slowing the economy.
On Thursday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart Economics Editor John Carney praised Federal Reserve Chair Jerome Powell for declaring the Federal Reserve will not try to engage in climate policy and noted that it was particularly bold to
“We are not, and will not be, a ‘climate policymaker,'” Federal Reserve Chair Jerome Powell said during a panel discussion Tuesday hosted by Sweden’s central bank.
Federal Reserve officials have been attempting to convince markets of their commitment to fighting inflation by explicitly talking about the unwelcome costs they are willing to bear and inflict to succeed.
Fed chair says he is going to stand his ground on the inflation target.
Federal Reserve Chair Jerome Powell may lean hawkish in his press conference this week in order to correct the market’s dovish interpretation of his comments last week at the Brookings Institution.
What Jerome Powell giveth, the labor market taketh away.