Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.
Trump, the Fed, and an almost inevitable showdown over interest rates
“It remains to be seen how much further interest rates will decline or where they might eventually settle,” Kansas City Fed President Jeff Schmid said in a speech. Even a full point reduction would leave the federal funds rate at about 3.3 percen
Oil prices fell on Friday as investors weighed signs demand in top crude importer China continues to underperform amid the ...
The Fed has lowered its benchmark interest rate twice this year, with its most recent rate cut in November. While ...
Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...
said "it remains to be seen how much further interest rates will decline or where they might eventually settle." The Fed ...
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Kansas City Fed's Schmid says 'remains to be seen' how much further interest rates fallSchmid said the Fed's decision last week to cut interest rates by 25 basis points reflected their ... The in-line data ...
The appearance comes one week after policymakers again voted to lower their key interest rate by a quarter percentage point.
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