Minneapolis Federal Reserve Bank President Neel Kashkari stated on Monday that in light of the unexpected strength of the U.S. economy, the Fed will likely need to raise interest rates…
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Fed’s Mester sees another rate hike, says rate cuts may have to wait
Loretta J. Mester, president and CEO of the Federal Reserve Bank of Cleveland, stated that beating inflation will likely require one more U.S. interest-rate hike followed by a period of…
By News Team August 26, 2023
Fed’s Powell: higher rates may be needed, will move ‘carefully’
Federal Reserve Chair Jerome Powell stated on Friday that the Fed may need to raise interest rates further in order to address persistently high inflation. He emphasized the need for…
By News Team August 25, 2023
Fed’s Powell says higher rates may be needed, will move ‘carefully’
Federal Reserve Chair Jerome Powell stated on Friday that the Fed may need to raise interest rates further in order to control inflation. He acknowledged the easing price pressures and…
By News Team August 25, 2023
Fed’s long-term GDP outlook is dismal; the economy hasn’t got the message yet
The Federal Reserve had a realization at its policy meeting in September 2016 regarding the sluggish U.S. rebound from the 2007-2009 recession. John Williams, the current New York Fed president…
By News Team August 22, 2023