Breitbart Business Digest: Fed Plans to Stay on Hold for November
The Federal Reserve is planning on staying “patient” at this week’s meeting of the Federal Open Market Committee.
The Federal Reserve is planning on staying “patient” at this week’s meeting of the Federal Open Market Committee.
Joe Biden position’s on inflation is directly at odds with Fed Chairman Jerome Powell, which could lead to fierce conflict between the two men next year if persistent inflation forces Powell to hike interest rates higher.
The Federal Reserve is not buying the optimism about the economy that the White House has been marketing under the brand Bidenomics.
Federal Reserve Chair Jerome Powell’s remarks today gave plenty of reason to believe that the Fed will not hike rates at its November 1 meeting.
Powell sent a message that the Fed’s next “move” will be a long pause in interest rate changes.
The Federal Reserve appears to expect the softest of landings next year.
You have to wonder if Jerome Powell is a bit frustrated that the unbridled enthusiasm of the stock market this week.
There’s a clash coming between the Federal Reserve and the Biden administration.
The Fed chairman warned that rate hikes may not be over and rejected the idea of raising the central bank’s inflation target.
During a portion of an interview aired on Thursday’s broadcast of the Fox Business Network’s “Kudlow,” 2024 Republican presidential candidate former President Donald Trump said that if he is elected president, he would not renominate Federal Reserve Chair Jay Powell
During an interview with CNBC on Monday aired on Monday’s broadcast of “Last Call,” 2024 Republican presidential candidate Florida Gov. Ron DeSantis said that if he is elected president, he would not renominate Federal Reserve Chair Jay Powell to another
The annual monetary policy conference in Jackson Hole, Wyoming, has the potential to produce some explosive results.
Sen. Rick Scott (R-FL) touted his legislation to create more accountability at the nation’s central bank in an interview with Breitbart News, declaring that the Fed is supposed to be a boon to the American people, not the big banks.
Markets and analysts are no longer forecasting a series of rate cuts this year, but they do not buy the notion that the Fed will keep hiking.
The Federal Reserve on Wednesday announced its decision not to raise the range for its benchmark federal funds rate target, choosing to leave rates alone for the first time in 15 months.
Federal Reserve policymakers left the central bank’s benchmark interest rate unchanged despite inflation that has run above its target for over two years.
Federal Reserve Chairman Jerome Powell will get his pause.
So much for the idea that the labor market was softening enough for the Fed to hold off on rate hikes.
The deal to suspend the limit on federal government debt until 2025 removes one of the obstacles to another Federal Reserve rate increase.
Federal Reserve Chairman Jerome Powell still appears to support a pause at the next meeting—and expects the Fed will hold rates near current levels rather than cut later this year.
The Federal Reserve fired a shot across the bow of market complacency on interest rates.
The April inflation report will keep the Federal Reserve on track to pause rate hikes at its meeting next month.
Every unpopular Federal Reserve chairman is unpopular in his own way.
Worse than Bernanke and Yellen.
The policies of the Biden administration caused the explosion of inflation that has left so many Americans with less spending power, Freedom Works senior economist Steve Moore told Breitbart News on Monday.
The fact that the market reacted to Fed Chair Jerome Powell’s assurances about the health of the banking sector with a rout in bank stocks raises serious questions about Powell’s credibility.
Fed officials drooped language from the statement that had indicated more hikes ahead.
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
A pair of Russian pranksters famous for their hoax calls posed as Ukrainian President Volodymyr Zelensky and tricked U.S. Federal Reserve Chairman Jerome Powell into sharing a call with them, a report Thursday claims.
The market may be disappointed that Federal Reserve Chairman Powell turns out to be more Paul Volcker than Arthur Burns in staying the course in his inflation fight.
The run on Silicon Valley Bank was triggered by depositor concerns over losses the bank had suffered due to rising interest rates. Which raises the question: why was the bank so exposed to interest rate risk?
Treasury Secretary Janet Yellen was more concerned about climate change than the looming risks to our banking system brought on by the rapid rise of interest rates, Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
Borrowing from the Fed is at a level not seen since the 2008 financial crisis.
On Wednesday’s broadcast of “CNN Newsroom,” CNN Business Reporter Matt Egan stated that the Federal Reserve has gotten “more pessimistic” on inflation and CNN Economics and Political Commentator, Washington Post columnist, and PBS Special Correspondent Catherine Rampell said that the change in the
Federal Reserve Chairman Jerome Powell said on Wednesday that inflation remains “too high” and has a “likely bumpy” and “long way” to go until it reaches the intended two percent, where the Fed would like it to be.
Sens. Rick Scott (R-FL) and Elizabeth Warren (D-MA) unveiled bipartisan legislation to boost oversight of the Federal Reserve amid two bank failures.
Senator Elizabeth Warren (D-MA) said Wednesday on CNN’s “The Lead” that Federal Reserve Chairman Jerome Powell should be removed because he is “trying to drive” the U.S. economy into a recession.
Federal Reserve Chair Jerome Powell said during Wednesday’s press conference that the Fed would use “all of our tools” to keep the banking system safe in the wake of the Silicon Valley Bank (SVB) collapse earlier this month.
Senator Elizabeth Warren (D-MA) said Sunday on CBS’s “Face the Nation” that she did not have faith in San Francisco Federal Reserve President Mary Daly in wake of Silicon Valley Bank’s collapse.
Senator Elizabeth Warren (D-MA) said Sunday on NBC’s “Meet the Press” that Federal Reserve Chair Jerome Powell “took a flamethrower to the regulations” on banks.