News list for "Powell drop"
President Trump: It would be great if Federal Reserve Chairperson Jerome Powell lowered interest rates.
U.S. President Donald Trump has called on Federal Reserve Chairperson Jerome Powell to lower interest rates, which he says is always late, except during elections. Trump says there is little to no inflation as energy costs drop dramatically, food prices drop dramatically, and most other "things" are trending down. With those costs trending down, inflation is almost impossible, as he himself predicted, but the economy is likely to slow unless interest rates are lowered. Interest rates have been "...
On April 17, "Federal Reserve Messenger" Nick Timiraos wrote that Federal Reserve Chairperson Powell said that strong inflation in Quarter 1 has brought new uncertainty to whether the Federal Reserve can lower interest rates this year without signs of an economic slowdown. His remarks indicate a clear shift in the Fed's outlook after the third consecutive month of stronger-than-expected inflation data, which appears to have dashed hopes that the Fed may preemptively cut interest rates. Powell al...
"Federal Reserve mouthpiece" Nick Timiraos wrote that Federal Reserve Chairperson Powell said that strong inflation in Quarter 1 has brought new uncertainty to whether the Federal Reserve can lower interest rates this year without signs of an economic slowdown. His remarks indicate that after the third consecutive month of stronger-than-expected inflation data, the Fed's outlook has changed significantly, which appears to have dashed hopes that the Fed may preemptively cut interest rates. Powell...
