Tag: #Fed

Federal Reserve Bank of Cleveland President Beth Hammack said she saw no need to change U.S. interest rates for months ahead after the central bank cut borrowing costs at its last three meetings, the Wall Street Journal reported on Sunday.

Federal Reserve Governor Christopher Waller had a “strong interview” for the central bank chair position with President Donald Trump in which the two discussed the labor market in depth and how to jumpstart job creation, according to senior administration officials.

The Federal Reserve cut interest rates by a quarter percentage point for the third time this year on Wednesday while projecting one more cut for 2026.

The Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market even as inflation is still in the air.

Federal Reserve Bank of New York President John Williams said on Thursday a gradual lowering in short-term borrowing costs is likely to happen over time if the economy meets his current forecast of modest gains in unemployment and a softening of inflation trends next year.

Brokerages are adding a September rate cut to their forecasts after Federal Reserve Chair Jerome Powell signaled the central bank could ease policy next month.

The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases accelerated in June more than expected as inflation remained above the Fed’s 2% target.

The Federal Reserve on Wednesday stuck to its forecast of two interest-rate cuts in 2025 despite seeing a burst of inflation coming in the next few months as a result of higher tariffs.

Federal Reserve Bank of Minneapolis President Neel Kashkari says “there’s no question the shock of tariffs is stagflationary,” adding that the magnitude depends on the rate of the trade levies and time period involved.

Boston Federal Reserve President Susan Collins is growing less confident that interest-rate cuts will be appropriate this year, marking a shift from her stance at the central bank’s March meeting.

Atlanta Fed Chair Raphael Bostic told CNBC on Monday that he currently prefers only one rate cut this year as the central bank tries to balance potential upward pressures on inflation with worries of a recession.

The Federal Reserve on Wednesday held its key interest rate unchanged as it waits for the Trump administration’s trade policy to take shape and sees its impact on a sputtering economy.

President Donald Trump on Tuesday said he has “no intention” of firing Federal Reserve Chair Jerome Powell before his term leading the U.S. central bank ends next year.

Investors are fearful of a deep hit to asset prices if U.S. President Donald Trump attempts to fire Federal Reserve Chair Jerome Powell, undermining confidence in the central bank’s ability to fight inflation and act independently.

White House economic adviser Kevin Hassett said on Friday President Donald Trump and his team were studying the matter when asked if firing Federal Reserve Chair Jerome Powell was an option, an indication that a matter of great consequence for the central bank’s independence and for global markets remained under active consideration by the White House.

Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more rapidly than previously expected, they also expect the trend to be short-lived. The outlook spurred talk again about “transitory” inflation that caused a major policy headache for the Fed.

The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would be no rush to cut them again until inflation and jobs data made it appropriate.

An expected decline in interest rates could be stalled if the prospective tariffs of Donald Trump’s second White House administration bleed into markets and shore up inflation, UBS CEO Sergio Ermotti warned Tuesday.

Economic activity increased ”slightly to moderately” across to US in late November and December, supported by strong holiday sales, the Federal Reserve said in its Beige Book survey of regional business contacts.

Federal Reserve officials at their December meeting expressed concern about inflation and the impact that President-elect Donald Trump’s policies could have on efforts to reduce it.