News list for "Powell Wei"
I don't think Powell has changed his tune, said Peter Cardillo, chief market economist at Spartan Capital Securities. While he says the economy is on solid footing, he also points to weakness. What he has done is prepare the market for a series of rate cuts, but not necessarily in sequence. His words suggest he will cut rates by 25 basis points at the end of the month, and then the Fed will assess the situation. If the labor market continues to weaken, leading to job losses, then he may...
On March 20, "Federal Reserve mouthpiece" Nick Timiraos wrote that the Federal Reserve maintained its base rate unchanged while assessing how a series of policy changes by the Trump administration on trade, immigration, spending and taxation could reshape the economic outlook. Consumer confidence has slumped in recent weeks amid headlines of federal spending cuts and higher tariffs. "We think now is a good time to wait for more clarity on the situation," Fed Chairperson Jerome Powell said at a n...
Nick Timiraos, the Fed's mouthpiece, wrote that the Fed kept its base rate unchanged while assessing how a series of policy changes by the Trump administration on trade, immigration, spending and taxes could reshape the economic outlook. Consumer confidence has slumped in recent weeks amid headlines of federal spending cuts and tariff increases. "We think now is a good time to wait for more clarity," Fed Chairperson Jerome Powell said at a press conference on Wednesday.
