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...We know R-star occupies the Fed because chair Jay Powell said last year he was “navigating by the stars under cloudy skies”....
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...Yesterday, Fed chair Jerome Powell hedged on exactly when they’d start to cut rates. Voice clip of Jerome Powell We believe that our policy rate is likely at its peak for this tightening cycle....
...I’m joined now by the FT’s Mumbai correspondent, Chris Kay. Hi, Chris. Chris Kay Hi. Sonja Hutson So, Chris, why are Indian businesses backing Modi so strongly ahead of this election?...
...Not to be outdone, Federal Reserve chair Jay Powell also indicated the Fed was “not far” from having the confidence to cut rates. Again, June is the most likely month....
...Netflix profits surge on strong subscriber growth The great bet on rate cuts is off European stocks suffer worst day in nine months US to grow at double the rate of G7 peers this year, says IMF Jay Powell...
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...Fed chair Jay Powell thinks this is just the “sometimes bumpy path” of disinflation and these trends can be caused by blips in the data or seasonal adjustment glitches, but they have raised doubts about...
...Fed chair Jay Powell recently said it was reasonable to think goods price deflation had run its course, so “that would mean the services sectors would have to contribute more” to disinflation....
...Powell was right to say that the wage outlook appeared “OK”, “healthy” and “moving in the right direction” in his January press conference Eurozone pay discipline has been awesome....
...This time it is Donald Trump saying he would replace Powell (who he appointed)....
...Powell, like ECB president Christine Lagarde, was adamant the committee “was not thinking about rate cuts”....
...Chris Giles: What’s causing the stickiness in inflation?...
...Chair Powell explained in his news conference that tighter financial conditions “would need to be persistent” for the balance to work “and that remains to be seen”....
...I’m Claire Jones, the Financial Times’ acting US economics editor and I’m standing in for Chris Giles this week....
...There is not yet a settled name for a Republican replacement of Jay Powell in 2026, so a lot to play for and quite a bit of concern given some of the names she mentions....
...For those wanting to see Powell’s remarkable ability to engage in direct and sweary communications when he wants to, watch this (7 minutes, 40 seconds in). You know who you are....
...Powell made this argument in his Jackson Hole speech in August, saying this measure had “moved sideways”, adding that inflation would not be tamed until it came down....
...Fed chair Jay Powell gave a notably dovish press conference in which he revealed that some FOMC members were revising their dots of expected interest rates and their forecasts up to the middle of the morning...
...After Fed hawk Christopher Waller signalled there might be room for interest rate cuts early last week, the boss, Jay Powell, pushed back. Traders believed Waller....
...David Cowan and Chris Powell (Letters, January 30) are right to highlight “fear of chaos and undemocratic action” as the topics to use to enthuse wavering independents or Trump-sceptic Republicans to turn...
...Here are some examples of the idea in action: Fed chair Jay Powell in his November 1 press conference: “As you get further and further from those highs, [reducing inflation] may actually take longer”...
...Powell said market expectations of a rate cut in March were not his “base case”. Powell also said there was “a way to go” before the Fed could claim victory in its battle against excessive inflation....
...I’m Claire Jones, standing in for Chris Giles....
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