Tag: Jerome Powell

• Thursday, January 30th 2025 - 11:29 UTC

  Fed leaves rates unchanged with a message to Trump, “in no hurry to adjust policy stance”

  

  The United States Federal Reserve left interest rates unchanged following the two day meeting with Fed chair Jerome Powell emphasizing at the press conference that “the bank is in no hurry to adjust its policy stance, since the US economy remains strong”.

• Friday, November 8th 2024 - 19:21 UTC

  US Federal Reserve cuts rate by 25 basis points, but future decisions to be conditioned by Trump and Republicans dominance

  

  The US Federal Reserve’s Open Market Committee cut interest rates by a quarter percentage point, on Thursday, the same week in which Donald Trump was swept in as elected president with a Legislative and Judicial branch packed with his conservative populists.

• Thursday, August 1st 2024 - 07:48 UTC

  US Fed keeps rates unchanged; chair Powell believes a cut rate “could be on the table in September”

  

  The Unites States Federal Reserve on Wednesday, following on a two day meeting (July 30/31) kept the key interest rate unchanged at a 23 year high of 5,3%, but chairman Jerome Powell said that the stage was set for the central bank's first rate cut in four years. With lower inflation and a cooler jobs market, this could happen at the next FOMC meeting in September.

• Thursday, May 2nd 2024 - 05:08 UTC

  The Fed leaves rates unchanged because of lack of further progress on lowering inflation

  

  The United States kept interest rates unchanged, given “a lack of further progress” toward lowering inflation. This means the Fed rate at 5,25% and 5,5% is at the highest level in more than two decades.

• Monday, April 1st 2024 - 12:22 UTC

  Federal Reserve chairman Powell, “in no rush to begin cutting interest rates”

  

  Despite an encouraging Personal Consumption Expenditure Index, PCE, Federal Reserve Chair Jerome Powell repeated on Sunday that the U.S. central bank isn’t in any rush to cut interest rates as policymakers await more evidence that inflation is contained.

• Thursday, July 27th 2023 - 10:00 UTC

  Fed raises benchmark rate to its highest since 2021, “getting inflation back to 2% has a long way to go”

  

  The United States Federal Reserve raised its benchmark lending rate on Wednesday by a quarter of a percentage point, the highest level since 2001 and the eleventh hike in its last 12 meetings.

• Thursday, June 15th 2023 - 06:50 UTC

  Fed makes a pause, leaves rates unchanged but anticipates two further moves before 2024

  

  The United States Federal Reserve this Wednesday, following a two-day meeting decided to keep the interest rate unchanged but the Federal Open Market Committee anticipated that a further two hikes of quarter percentage moves can be expected before the end of the year.

• Wednesday, March 22nd 2023 - 10:35 UTC

  Crucial week for the Fed's Powell and the US banking system

  

  Several banking failures in the US this month have raised fears about the health of the financial system. The collapses follow a sharp rise in global borrowing costs, led by the US, which has shocked the world economy and raised worries about a painful downturn known as a recession.

• Thursday, February 2nd 2023 - 10:21 UTC

  Fed admits inflation cooling, but more evidence needed that “the disinflationary process has started”

  

  The Federal Reserve following a two day meeting announced it decided on Wednesday to raise its key interest rate a quarter point arguing that although inflation is easing it is still too high, and did not discard further rate hikes could be needed since more evidence is needed to be confident inflation is in a sustained downward path. The increase was the eighth since March.

• Thursday, December 15th 2022 - 11:47 UTC

  Fed raises interest rates by 50 points to 4,5%, but US inflation at 7,11% is still far from the 2% target

  

  In a unanimous decision the United States Federal Reserve FOMC raised interest rates by half a percentage point on Wednesday, as it continues to battle a stubborn inflation, but the increase was lower than the three-quarter point which it had implemented seven times since last March, from zero to 4,5%.