Dallas Federal Reserve President Lorie Logan stated Friday that while the Federal Reserve is prepared to lower interest rates if necessary, current conditions do not warrant such action.In a speech before the 159th Assembly for Bank Directors at Southern Methodist University, Logan noted that...
Minneapolis Federal Reserve Bank President Neel Kashkari said that a December interest-rate cut remains a reasonable option. He emphasized the importance of understanding the economy's current trajectory, noting the balance between inflation trends and economic pressures.
"Right now,...
Japan's Chief Cabinet Secretary Yoshimasa Hayashi stated the Bank of Japan (BoJ) is ready for new rate hikes, repeating earlier comments by the bank's governor, Kazuo Ueda.Hayashi underlined that a rate hike is possible if certain conditions are met while also stating that he is in favor of increasing...
Fitch Ratings Chief Economist Brian Coulton stated on Wednesday that a recession in the United States was unlikely to occur in 2024.
The view was expressed during a webinar in which he also said he expects the Federal Reserve to cut interest rates three times this year. Besides, Coulton also...
Co-chief investment officer of JPMorgan Chase Asset Management and head of JPAM's fixed income business, Bob Michel, said Friday that the US Federal Reserve has been able to engineer "a soft landing" in a recent interview with the Financial Times.
According to Michel, "The pivot at the last...
Federal Reserve Bank of Atlanta President Raphael Bostic said Tuesday he sees no need for further rate hikes.
"If things come in differently from my outlook, we might have to increase rates, but that's not my current outlook," Bostic told a meeting of the American Bankers Association.
Separately,...
Italian Prime Minister Giorgia Meloni told the Parliament on Wednesday that the "simplistic recipe" of rate hikes is not the "most correct" way to fight inflation.
In her latest speech to the legislative body, the Prime Minister added that "inflation has hit European economies again, and it is right to fight...
United States Federal Reserve Chair Jerome Powell during his testimony before the House Financial Services Committee assured that the country will return to 2% inflation, but that the level of rate hikes in force at that point is still uncertain.
Commenting on the balance sheet target, Powell stressed...
Federal Reserve Bank of New York President John Williams stated on Tuesday that he remains "very focused" on the impact of banks' stricter credit conditions on the overall economic situation.
According to Williams, Fed is prepared to raise interest rates again, should more aggressive policy be...
Federal Reserve Chairman Jerome Powell said Wednesday that the bank considered pausing interest rate hikes in the days before the meeting. Powell's opinion comes on the heels of the bank's decision to raise the interest rate by 25 basis points.
According to the banker, the option of a pause was...
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