News
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Fed's Powell sees no replay of 1970s-style inflation
WASHINGTON, March 19 (Reuters) - U.S. Federal Reserve Chair Jerome Powell said on Wednesday that he had no reason to believe that the U.S. was experiencing 1970s-style high inflation that prompted the Fed to sharply raise rates and induce a deep recession to defeat it.Powell told a news conference a...Reuters
Wed, Mar 19
Fed's Powell says now was a good time to slow pace of balance sheet drawdown
WASHINGTON, March 19 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that the slowdown in the pace of the central bank's balance sheet makes sense amid some rising signs of tighteness in money market conditions. "We still think that reserves are abundant," Powell said i...Reuters
Wed, Mar 19
Powell says Fed has no plan to taper MBS run-off
March 19 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said the U.S. central bank has no plans to slow the run-off from the balance sheet of its holdings of mortgage-backed securities."There's no plan to do that," Powell said at a press conference following the Fed's l...Reuters
Wed, Mar 19
Fed's Powell ties sour consumer mood to government change, inflation
WASHINGTON, March 19 (Reuters) - Federal Reserve Chairman Jerome Powell said Wednesday that the public's sour mood is understandable and in part sees it as a reflection of big changes on the political landscape. "We understand that sentiment is quite negative at this time, and that probably ...Reuters
Wed, Mar 19
Fed's Powell says he is viewing University of Michigan inflation data carefully
WASHINGTON, March 19 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday he is viewing carefully data from the University of Michigan consumer sentiment survey that showed a big gain in expected inflation."We look at it. We don't dismiss data that we don't like," Powell...Reuters
Wed, Mar 19
US rate futures price in two rate cuts in 2025, see June or July easing
By Gertrude Chavez-Dreyfuss NEW YORK, March 19 (Reuters) - Futures on the federal funds rate priced in roughly 60 basis points (bps) of easing this year, or about two rate reductions of 25 bps per cut, in line with what the Federal Reserve projected in its rate forecasts released on Wednesday.For...Reuters
Wed, Mar 19
Powell: Strong goods inflation may be tied to tariffs
March 19 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday tariffs may already be driving up prices and purchasing for goods. Powell, speaking at a press conference, said while it is "hard to trace" recent strong inflation and buying to the tariffs, it is "very possible&#...Reuters
Wed, Mar 19
Fed's Powell says it is too soon to gauge inflationary impact of Trump's tariffs
WASHINGTON, March 19 (Reuters) - U.S. Federal Reserve Chair Jerome Powell said on Wednesday it was too soon to determine whether to look through the impact U.S. tariffs would have on inflation, and it would be challenging to determine how much of any goods price increases are attributable to tariffs...Reuters
Wed, Mar 19
Fed's Powell says progress on inflation may see delay this year
March 19 (Reuters) - The Federal Reserve may see delays this year in its effort to make further progress on inflation, Fed Chair Jerome Powell said on Wednesday, noting inflation has started to move up, partly in response to tariffs imposed by the Trump administration.Reuters
Wed, Mar 19
INSTANT VIEW-Fed doesn't change rates, will slow pace of balance sheet reduction
March 19 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic growth and, eventually, a d...Reuters
Wed, Mar 19
Fed's Powell says uncertainty is unusually elevated today
March 19 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday said uncertainty at present is "unusually elevated" as he described the challenges central bank officials faced in arriving at new projections for the economic outlook amid the wave of new policy maneuvers by the Trump adm...Reuters
Wed, Mar 19
CORRECTED-INSTANT VIEW-Fed leaves rates alone, to slow pace of QT in April
March 19 (Reuters) - The Federal Reserve held interest rates steady on Wednesday, as expected, but U.S. central bank policymakers indicated they still anticipate reducing borrowing costs by half a percentage point by the end of this year in the context of slowing economic growth and, eventually, a d...Reuters
Wed, Mar 19
Fed policymakers project two rate cuts this year, some see fewer
WASHINGTON, March 19 (Reuters) - U.S. central bankers on Wednesday signaled they are likely to deliver two quarter-point interest-rate cuts later this year, the same median forecast as three months ago, even as they forecast slower economic growth and higher inflation. But there was substantial disa...Reuters
Wed, Mar 19
