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...Jay Powell said the Federal Reserve’s job of bringing down inflation was “not yet done” and the US central bank needed “greater confidence” that price pressures were easing before cutting interest rates,...
...Federal Reserve officials have indicated they still expect to cut interest rates by three-quarters of a percentage point this year, sending US equity markets to record highs....
...US inflation unexpectedly increased to 3.2 per cent last month, highlighting the challenge faced by the Federal Reserve in the “last mile” of its fight against rising prices....
...Federal Reserve chair Jay Powell has said he still expects inflation to fall towards the US central bank’s 2 per cent goal, as new data highlighted the bumpy road ahead for officials as they debate when...
...Some expect the Federal Open Market Committee to upgrade its 1.4 per cent GDP growth estimate for this year then too....
...The Federal Reserve is “not far” from having the confidence to start cutting interest rates, its chair Jay Powell has said, bolstering hopes that the central bank will lower borrowing costs in the coming...
...US Federal Reserve chair Jay Powell has said it is likely to take “longer than expected” for inflation to return to the central bank’s 2 per cent target and justify cuts to interest rates....
...After a stronger-than-expected CPI print on Wednesday, Bank of America and Deutsche Bank are both now predicting that the Federal Reserve won’t cut US rates until this December....
...— Argentina recently had a big win in court thanks to a “magic bullet” in its GDP warrants, via Friends of Alphaville Mitu Gulati and Mark Weidemaier (Clauses & Controversies) — Banks seem . . . not uniformly...
...Beyond next month, however, traders have a different outlook for the Fed’s monetary policy than officials inside the US central bank....
...Jay Powell moved to cool speculation that the Federal Reserve would begin cutting interest rates as soon as March, saying that was not the “base case” as the US central bank considers easing monetary policy...
...The business, which has been central to the bank’s growth in recent years, was already in the sights of the Federal Reserve over money laundering controls....
...surging inflation, former Federal Reserve chair Ben Bernanke said....
...Jay Powell, chair of the Federal Reserve, likes to say: “It will likely be appropriate to begin dialling back policy restraint at some point this year.”...
...How does the ECB’s approach compare to the approaches of the US Federal Reserve and the Bank of England? Ariel Slonim at MRU Econinbox...
...A senior European Central Bank executive has said publishing the interest rate forecasts of its policymakers — similar to the US Federal Reserve’s so-called “dot plot” — could help to address shortfalls...
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...For more in-depth analysis of monetary policy sign up for Chris Giles’s central banks newsletter....
...After rising through the ranks at Goldman Sachs, he made his fortune reviving IndyMac after it was one of the largest US bank failures during the 2008 crisis....
...activity, according to a report by the central bank’s watchdog....
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