Al Drago/Bloomberg Processing Content Key Insight: Fed Vice Chair Michelle Bowman said labor market risks remain elevated and cautioned against signaling a policy pause as the central bank weighs its next moves. Expert Quote: “We should also avoid signaling that we will pause without identifying that conditions have changed. Doing so will indicate that we […]
Fed’s Bowman ‘continues to see downside risk’ to labor market Read More »
Housing activity weakened across much of the country, emerging as one of the clearest drags on overall economic performance, according to the Federal Reserve’s most recent Beige Book report. Most Federal Reserve districts reporting on residential real estate cited softer home sales, slower construction and reduced mortgage lending. Higher borrowing costs and affordability constraints continued
Housing activity weakens in latest Fed Beige Book report Read More »
Andrew Harrer/Bloomberg Processing Content Key Insight: A panel of former Federal Reserve officials discussed the implications of a probe into Fed Chair Jerome Powell, saying the market’s muted reaction reflected political pushback against a potential indictment. Expert Quote: “Markets think these institutions will be strong enough to withstand these types of shocks.” — Randall Kroszner,
Former Fed officials: Markets still trust Fed independence Read More »
(Bloomberg) — President Donald Trump said he would announce his nomination to replace Federal Reserve Chair Jerome Powell within “the next few weeks” despite the backlash over a Justice Department probe into the remodeling of the central bank’s headquarters that has threatened his ability to secure a confirmation. Processing Content Trump was asked about his
Trump says furor over Powell probe won’t delay Fed pick Read More »
Processing Content Key insight: Inflation showed little sign of slowing in December, with monthly and annual inflation rates unchanged from November. Prices rose 0.3% in December and 2.7% year over year. Supporting data: Core inflation, measuring the rise in prices excluding food and fuel, rose 0.2% in December. Food prices rose 0.7%. Dairy products rose
Inflation holds steady at 2.7% as December prices stay hot Read More »
Getty Images Processing Content Key Insight: Market watchers have expressed concern that the Trump administration’s threat of criminal charges against Fed Chair Jerome Powell can push mortgage interest rates up and devalue U.S. financial assets. Expert Quote: “At this point, Fed independence is on life support. It will be dead if the Senate confirms a
Markets, lawmakers scramble amid DOJ inquiry into Fed Read More »
Following Federal Reserve Chair Jerome Powell’s disclosure on Sunday that the Department of Justice (DOJ) has issued grand jury subpoenas to the central bank, the investigation has triggered political backlash on Capitol Hill. Sen. Thom Tillis (R-N.C.), a member of the Senate Banking Committee, said he backs Powell and accused the DOJ of threatening the
DOJ probe into Powell prompts bipartisan backlash Read More »
Key insight: Federal Reserve Chair Jerome Powell said the central bank had been served subpoenas by the Department of Justice. Expert quote: “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure
Powell says DOJ served Fed subpoenas, threatened indictment Read More »
Just 14% of the economists surveyed by Wolters Kluwer expect the Federal Open Market Committee’s next short-term rate reduction to take place at its January meeting. Processing Content Overall, the Blue Chip Economic Indicators panel consensus is for two cuts during this year to the Fed Funds Rate and none next year, with almost no
Economists forecast just 50 basis points of Fed cuts in 2026 Read More »
Federal Housing Finance Agency Director Bill Pulte was a driving force behind the Trump administration’s decision to subpoena the Federal Reserve, according to people familiar with the matter, intensifying pressure on the central bank as President Donald Trump prepares to pick a new Fed chief. Processing Content Some of Trump’s allies were alarmed by the
Bill Pulte seen as key instigator behind Powell subpoena Read More »