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Fed's Powell dodges questions on his future, but has advice for his successor
Powell declines comment on legal challenges, personal future at the FedTrump considers new Fed chair, with interest rate cuts as priorityPowell advises successor to avoid politics but embrace Congress oversightBy Michael S. Derby Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell stuck mostly...Reuters
Wed, Jan 28
Key quotes from Fed Chair Powell's news conference
Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell spent 45 minutes on Wednesday answering reporter questions about the U.S. central bank's decision to keep short-term borrowing costs unchanged despite tremendous pressure from the White House to cut them. He touched on a range of topics incl...Reuters
Wed, Jan 28
WRAPUP 5-Fed leaves rates unchanged, sees 'somewhat elevated' inflation and stabilizing job market
US central bank keeps policy rate in 3.50%-3.75% rangePowell says risks to employment, inflation have diminished Trump has repeatedly called for steep rate cutsTwo Fed governors dissent in favor of lowering borrowing costsBy Howard Schneider and Ann Saphir WASHINGTON, Jan 28 (Reuters) - The Feder...Reuters
Wed, Jan 28
Brazil central bank holds interest rates, signals easing in March
By Marcela Ayres SAO PAULO, Jan 28 (Reuters) - Brazil's central bank signaled on Wednesday it would begin cutting interest rates at its next meeting in March, while stressing a "cautious" approach keeping policy contractionary in order to bring inflation back to target. Until the...Reuters
Wed, Jan 28
Brazil central bank holds interest rates, signals easing in March
SAO PAULO, Jan 28 (Reuters) - Brazil's central bank held interest rates at a near two-decade high on Wednesday and signaled it would begin cutting them at its next meeting in March, noting the importance of "serenity regarding the pace and the magnitude of the easing cycle."The bank'...Reuters
Wed, Jan 28
Fed's Powell not taking much messaging from record gold prices, says credibility intact
WASHINGTON, Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that Fed policymakers are not taking much macroeconomic messaging from record-high gold and other precious metals prices and denied that these are a sign that the Fed could be losing its credibility.Powell told a ne...Reuters
Wed, Jan 28
INSTANT VIEW-Fed holds rates steady as expected, but sees elevated inflation
By Chuck Mikolajczak NEW YORK, Jan 28 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, as was widely expected, citing still-elevated inflation alongside solid economic growth, and giving little indication in its latest policy statement of when borrowing costs might fall ag...Reuters
Wed, Jan 28
US debt on an unsustainable path, needs to be addressed, Fed's Powell says
WASHINGTON, Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that the growth of U.S. federal debt was on an unsustainable path and needed to be addressed, but that he had no expectations that it would a cause near-term negative market event. Powell told a news conference that...Reuters
Wed, Jan 28
Powell says Fed's independence is intact
Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said he does not believe the U.S. central bank has lost its independence and does not believe it will do so.Powell at a press conference said the point of independence is to not have direct elected-official control over the setting ...Reuters
Wed, Jan 28
Fed's Powell says officials not eyeing a rate hike in future
NEW YORK, Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday poured water on the idea that an interest rate hike could lie ahead for the central bank."It isn't anybody's base case right now, anybody's base case that the next move will be a rate hike,” as officials we...Reuters
Wed, Jan 28
Fed's Powell says he attended Supreme Court arguments over Cook due to case's importance to Fed
WASHINGTON, Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that he attended last week's Supreme Court arguments over President Donald Trump's effort to fire Fed Governor Lisa Cook because of the case's importance to the U.S. central bank.Asked at a news conferen...Reuters
Wed, Jan 28
