News list for " Federal Reserve President"
Raphael Bostic, president of the Atlanta Fed, said policymakers should be cautious about keeping interest rates high in order to achieve their price stability goal, given the patchy progress in fighting inflation. In a podcast recorded on December 9 and released on Tuesday, Bostic said he expected inflation to continue to decline gradually this year and reach the Fed's 2 percent target as soon as possible.
Reserve Bank of Australia President Stephen Block will hold a monetary policy press conference in ten minutes.
Reserve Bank of Australia President Bullock: There is talk of cutting interest rates.
Chicago Fed President Goolsbee said the pace of interest rate cuts could slow in 2025. He hopes the Federal Reserve can reduce interest rates to near neutral range by the end of 2025.
Former New York Fed President Bill Dudley says bitcoin prices have risen more than 40 percent since Trump won the US Presidential Election, in part because people hoped he would support the creation of the cryptocurrency.
The Federal Reserve Bank of New York is likely to cut its interest rate target further as inflationary pressures continue to cool, its president said on Monday. "Monetary policy remains in restrictive territory to support a sustainable return of inflation to its 2 per cent objective," Mr. Williams said in a speech at a meeting of the Queens Chamber of Commerce in New York. Looking ahead, "I expect a continued shift to more neutral policy setting will be appropriate over time," Mr. Williams said.
Reserve Bank of Australia President Bullock will speak in ten minutes.
Reserve Bank of Australia President Brock: Core inflation is too high to cut interest rates in the near future.
Chicago Fed President John Goolsbee on Thursday reiterated his support for further rate cuts and was open to moving at a slower pace, underscoring the focus of the debate among Fed policymakers that the question is not whether to cut rates, but how quickly and how much. Fed policymakers will meet on December 17-18 to decide whether to cut the policy rate again or wait until next year. Financial marekt believes the decision process will be difficult, with the interest rate futures market putting ...
Federal Reserve Bank of Australia President Brock said bitcoin has no role in the Australian economy or payments system.
Reserve Bank of Australia President Bullock: We believe that interest rates need to remain restrictive for some time.
Reserve Bank of Australia President Brock: Interest rates will remain unchanged for some time.
Reserve Bank of Australia President Bullock: No interest rate hike was explicitly considered at the meeting.
Former New York Fed President Dudley wrote in one of his recent articles that it makes sense for the Federal Reserve to aggressively cut interest rates by 50 basis points. The two objectives of the Fed's dual mandate (price stability and maximum employment) have become more balanced, suggesting that monetary policy should be neutral, neither suppressing nor promoting economic activity. However, short-term interest rates are still well above neutral for now. This discrepancy needs to be corrected...
On August 29th, according to a report by Jin Ten, the money market has been betting that the Reserve Bank of Australia will cut interest rates in the near future, despite the fact that the President of the Reserve Bank of Australia, Block, has hinted that there will be no interest rate cut in the near future. However, data released this week showed that the Australian inflation rate in July was slightly higher than economists' expectations, and the interest rate cut bet began to fade. The market...
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