News list for "Former Federal Reserve"
Brainard, a former Fed vice chair, said in an interview that if she attends the upcoming FOMC meeting, she may opt for a hawkish rate cut. She noted that in the absence of official data, employment data from non-government data sources will be referenced. Brainard favors another rate cut and has pledged to bring inflation down to 2 percent over the next two years. She stressed that for Americans, the top issues are inflation and prices. (Golden Ten)
A more long-term priority for the Fed than the prospect of interest rate cuts is to make greater changes to its monetary policy framework, according to the former "three hands" of the central bank. It would be a mistake to take a conservative stance to counter political pressure from Mr. Trump
Former Federal Reserve vice-chairperson Lael Brainard has suggested there is a substantial risk that several regional Fed presidents could be removed next year as a result of political manipulation by US President Donald Trump.
Richard Clarida, former vice-chairperson of the Federal Reserve, has warned that the battle against inflation is not over. Inflation data since January has indeed been better than expected, but the combined effect of rising inventories and new tariffs has not yet fully materialized. Richard Clarida pointed out that the effective tariff rate facing US consumers reached 15.6% in June, the highest since 1937, and could send inflation climbing to the 3% range in the short term. The last set of Fed f...
"When the president starts intervening in monetary policy decisions, the results tend to be bad," says Mr. Kessam, a former Fed official.
Randall Quarles, a former vice-chairperson of the Federal Reserve, said the Fed's independence, inflation and labour market would not be threatened even if President-elect Donald Trump takes office. Speaking on the sidelines of a forum on Monday, Mr. Quarles said there was considerable misunderstanding about the Fed's independence, which does not mean that the president...
Former Federal Reserve Vice Chairperson Randall Quarles: Tariffs could lead to a rate cut by the Federal Reserve to some extent. Expect a large number of people to be deported from the United States, but it will not affect the labor market. (Jin Ten)
Former Vice Chairman of the Federal Reserve, Clarita, said that the current rate cut cycle is still expected to start in June, but this may be seen as a potential one-time adjustment Click to view>& Gt;
