By Peter C. Earle America’s long-run economic health depends on productivity, innovation, investment, and sound public finances; not merely on whether government borrowing is packaged in three-month bills, ten-year notes, or thirty-year bonds.
The Federal Reserve typically telegraphs its interest rate moves in advance, then follows through. This week will provide the clearest evidence yet on whether chairman Kevin Warsh is ending the era of the no-surprises Fed. The big picture: Markets are now putting meaningful odds on the Fed delivering an interest rate hike at the conclusion of its two-day meeting this week. - If the Federal Open Market Committee were to do so, it would suggest a new era in which the central bank is less predictable — accepting more volatility and surprise as the price to be paid for greater policy nimbleness. State of play: In the final public communications before the Fed entered its pre-meeting blackout period, signs were pointing to the FOMC leaving…
The Federal Reserve typically telegraphs its interest rate moves in advance, then follows through. This week will provide the clearest evidence yet on whether chairman Kevin Warsh is ending the era of the no-surprises Fed. The big picture: Markets are now putting meaningful odds on the Fed delivering an interest rate hike at the conclusion of its two-day meeting this week. - If the Federal Open Market Committee were to do so, it would suggest a new era in which the central bank is less predictable — accepting more volatility and surprise as the price to be paid for greater policy nimbleness. State of play: In the final public communications before the Fed entered its pre-meeting blackout period, signs were pointing to the FOMC leaving…Open
Federal Reserve officials saw a wide range of scenarios for how the economy and inflation will evolve at their meeting last month, leaving the central bank's policy committee divided over the path for interest rates ahead, according to minutes released Wednesday. Why it matters: In Kevin Warsh's first meeting as Fed chairman, he wrestled with significant factions of the Federal Open Market Committee who see ongoing price pressures from the AI buildout as well as one that is more confident that falling energy prices will calm inflation. - The minutes , released after the customary three-week lag, show that all members of the policy committee were ultimately on board with leaving rates unchanged last month. - The document, however, gives…
Federal Reserve officials saw a wide range of scenarios for how the economy and inflation will evolve at their meeting last month, leaving the central bank's policy committee divided over the path for interest rates ahead, according to minutes released Wednesday. Why it matters: In Kevin Warsh's first meeting as Fed chairman, he wrestled with significant factions of the Federal Open Market Committee who see ongoing price pressures from the AI buildout as well as one that is more confident that falling energy prices will calm inflation. - The minutes , released after the customary three-week lag, show that all members of the policy committee were ultimately on board with leaving rates unchanged last month. - The document, however, gives…Open
Fed may be leaning toward increasing rates.
State of the Union: The central bank left open the door to future rate hikes before the end of year. The post Federal Reserve Maintains Current Rate Levels appeared first on The American Conservative .
The Federal Reserve on Wednesday maintained the current level of interest rates between 3.5 and 3.75 percent amidst “elevated uncertainty” from the “conflict in the Middle East.” The meeting and subsequent press conference marked the first of Kevin Warsh’s tenure as chairman of the Federal Reserve. Warsh resisted issuing “forward guidance”––the direction of future actions by the Federal Reserve’s Open Market Committee (FOMC). “We recognize that inflation has been running well ahead of the Fed’s long-stated inflation goal of 2 percent that’s been going on for more than 5 years,” Warsh reiterated , adding, “This Committee will deliver price stability.” He announced five taskforces made of policymakers,…Open
The Federal Reserve left its benchmark interest rate unchanged Wednesday, maintaining the target range at 3.5 percent to 3.75 percent in the first policy meeting […] Source
Wall Street is giving its richest clients velvet rope access to this week’s public listing of SpaceX, reflecting the growing importance of the wealth management business.
State of the Union: Powell will not leave the central bank’s board after his time as chair expires. The post Jerome Powell to Stay on as Fed Governor appeared first on The American Conservative .
Federal Reserve Chairman Jerome Powell said Wednesday he will remain on the central bank’s Board of Governors “for a period of time to be determined,” extending his influence over monetary policy after his term as chairman ends May 15. Powell’s decision denies President Donald Trump an immediate vacancy on the powerful seven-member board. Speaking at his final news conference as Fed chair, Powell said he was concerned that “legal attacks on the Fed” threaten its ability to set policy free of political pressure. Powell’s replacement as Federal Reserve chairman, Kevin Warsh, is currently going through the confirmation process in the Senate. Modern Fed chairs typically leave the board when their chairmanship ends. The post…Open
Federal Reserve Chair Jerome Powell said Wednesday that he plans to stay on at the central bank as a governor after his term as chair ends next month “for a period of time to be determined.” The Federal Reserve kept interest rates steady on Wednesday as President Trump’s new pick to lead the bank inched closer to confirmation. #Interestrates #Federalreserve #Jeromepowell
Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell's influence over monetary policy beyond the conclusion of his term as Fed chair on May 15 . His term as one of seven Fed governors extends through January 2028. - It denies President Trump the immediate opportunity to fill a vacancy on the influential Fed board. - Powell's term as chair ends on May 15, but his term as a governor goes through Jan. 31, 2028. What they're saying: "My concern is really about the series of legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political…
Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell's influence over monetary policy beyond the conclusion of his term as Fed chair on May 15 . His term as one of seven Fed governors extends through January 2028. - It denies President Trump the immediate opportunity to fill a vacancy on the influential Fed board. - Powell's term as chair ends on May 15, but his term as a governor goes through Jan. 31, 2028. What they're saying: "My concern is really about the series of legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political…Open