News list for " on interest rates"
In a press conference after the latest interest rate meeting, Federal Reserve Chairperson Powell for the first time interpreted the "third mandate" given to the central bank by Congress. He admitted that "moderate long-term interest rates" are actually a derivative mandate of dual goals. Click to view...
Former US President Donald Trump wants the White House to have a say in interest rates, and one Fed governor, who is considered a likely successor to Powell's chairpersonship, has been rather dismissive of the idea. Asked about Trump's views earlier in September, Christopher Waller noted that Congress and financial marekts strongly support the Fed's autonomy in setting interest rates. "If the president wants to complain about it, he can do it like everyone else," Waller said. "He has the right t...
The Fed's Goolsbee said that the market is pricing interest rates very similar to the Federal Reserve's forecast; as long as the long-term trend shows that inflation is falling, our tolerance for a small upward surprise in CPI will be slightly higher; the fear that if we maintain this level of tightening, the probability of a U.S. recession may increase.
