Fed Chair Jerome Powell explained the decision to keep the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% and responded to questions in the post-meeting press conference.Quotes from Post FOMC meeting press conference“It’s not likely we will hike further.”“Policymakers are thinking, talking about when it will be …
Read More »Powell: Fed close to the end of tightening cycle
Federal Reserve Chairman Jerome Powell holds a news conference to explain why they have decided to leave the policy rate, federal funds rate, unchanged at the range of 5.25-5.5% meeting and responds to questions.Key Quotes“‘Dot plot is a picture in time of appropriate policy in light of policymakers’ personal views.”“Efficacy …
Read More »How far is Fed’s Powell stuck in interest rate debate?
US Federal Reserve Chairman Jerome Powell is scheduled to make his final public appearance before the Fed’s policy-setting committee on Thursday. The speech is scheduled to take place before the committee’s October 31-November 1 policy meeting.Powell’s speech is expected to focus on the recent rapid increases in bond yields, which …
Read More »Fed’s Assets Retreat To Level Of 5 Weeks Ago
Total assets on the Fed’s weekly balance sheet as of April 20, released this afternoon, declined to $8.955 trillion, roughly the same as on March 16 and below the levels of March 23 and April 13. Beyond the week-to-week ups and downs, caused by the peculiarities of Mortgage Backed Securities …
Read More »