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two Fed officials doubt the need for many more rate cuts
Fed News: Collins, Harker, Bowman, and More Talk Rate Cuts, Economy
At least four Federal Reserve officials are speaking Thursday, including Federal Reserve Bank of Boston President Susan Collins, Philadelphia Fed President Patrick Harker, Richmond Fed President Thomas Barkin,
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the "final step" in the easing process. Even with the full percentage points of cuts from September through December,
Why two Fed officials doubt the need for many more rate cuts
Two top Federal Reserve officials on Thursday questioned the need for many more interest rate cuts. Fed Governor Michelle Bowman and Kansas City Fed President Jeff Schmid both said the 100 basis points in rate cuts since September has brought the Fed’s benchmark rate down to “neutral,” where it neither dampens or boosts demand.
19h
on MSN
Fed's Collins says now is time for patient, gradual approach to rate cuts
Federal Reserve Bank of Boston President Susan Collins said Thursday that significant uncertainty over the outlook calls for ...
15h
Fed’s Schmid Backs Gradual Rate Cuts If Economic Data Improve
Federal Reserve Bank of Kansas City President Jeff Schmid said he favors slowing the pace of interest-rate cuts and only ...
2d
on MSN
Trump just won his first battle with the Fed without lifting a finger
The abrupt departure of a top official ensures that questions about the president's ability to chip away at the Fed’s prized ...
15h
Fed's Schmid says central bank 'near' neutral interest rate level
Kansas City Federal Reserve President Jeff Schmid signaled on Thursday a reluctance to cut interest rates again as the U.S.
17h
on MSN
Fed’s Collins says her concerns about labor-market fragility have decreased
The U.S. labor market remains healthy and the Federal Reserve can take a gradual and patient approach to future rate cuts, ...
18h
Fed’s Harker Sees Solid Economy Today, Little Certainty Tomorrow
Federal Reserve Bank of Philadelphia President Patrick Harker remains confident in inflation’s meandering path toward a 2% ...
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Interest Rates
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