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two Fed officials doubt the need for many more rate cuts
Fed Governor Bowman says December interest rate cut should be the last
Federal Reserve Governor Michelle Bowman said Thursday she supported the recent interest rate cuts but said the December reduction should be the "final step" in the easing process. Even with the full percentage points of cuts from September through December,
Fed News: Collins, Harker, Bowman, and More Talk Rate Cuts, Economy
At least four Federal Reserve officials are speaking Thursday, including Federal Reserve Bank of Boston President Susan Collins, Philadelphia Fed President Patrick Harker, Richmond Fed President Thomas Barkin,
Why two Fed officials doubt the need for many more rate cuts
Two top Federal Reserve officials on Thursday questioned the need for many more interest rate cuts. Fed Governor Michelle Bowman and Kansas City Fed President Jeff Schmid both said the 100 basis points in rate cuts since September has brought the Fed’s benchmark rate down to “neutral,” where it neither dampens or boosts demand.
1d
on MSN
Fed’s Bowman Flags Inflation Risks, Encourages Cautious Approach
Federal Reserve Governor Michelle Bowman said she sees lingering inflation risks and that policymakers should proceed ...
bankingdive
6h
Barr’s likely replacement advocates ‘pragmatic’ approach
In a speech Thursday, Federal Reserve Gov. Michelle Bowman appeared to preview her approach if she’s the incoming president’s ...
American Banker
1d
Fed's Bowman preaches pragmatism for regulation, supervision
Seen by many as a logical pick for the Federal Reserve's next vice chair for supervision, Gov. Michelle Bowman wants the ...
3d
on MSN
Fed's Bowman emerging as 'likely choice' to become top US banking cop: Analysts
The surprise departure of Federal Reserve vice chair for supervision Michael Barr is focusing new attention on Michelle ...
17h
on MSN
Fed officials lean ‘neutral’ on policy but expect clarity once Trump begins
United States Federal Reserve officials said that the strong economy toward the end of 2024 and inflation staying above its ...
American Banker
6h
Strong job report bolsters odds of a Fed pause this month
The Labor Department estimates the economy added 256,000 jobs in December, indicating a resilient economy and labor market.
9h
Hot jobs report cements a Fed rate hold this month — and possibly the foreseeable future
A hot jobs report makes it even more likely the Federal Reserve won’t cut rates at its next meeting in January — or for the foreseeable future.
1d
Fed’s Barkin Says Economy is Surprisingly Strong, Predicts More Gains
Federal Reserve Bank of Richmond President Thomas Barkin hailed the U.S. economy’s strength, forecasting more growth to come ...
Pensions&Investments
1d
Trump advisers look to reshape Fed leadership as roles open
President-elect Donald Trump’s advisers are considering how they will reshape the leadership of the Federal Reserve including ...
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