Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday that he is a "pretty big skeptic" on cryptocurrency, arguing that "nobody has found a legitimate use case" for it, apart from as an instrument of speculation and to circumvent bank regulations. Kashkari repeated...
Federal Reserve Governor Adriana Kugler noted on Tuesday that progress in bringing inflation to the 2% target "has slowed since last summer," adding that in some subcategories inflation began to speed up again. Speaking at the 2025 US Hispanic Chamber of Commerce Legislative Summit in...
This week was defined by rising geopolitical tensions and defensive market movements amid growing global uncertainty.
The US Federal Reserve lowered its 2025 growth forecast to 1.7% and raised its inflation projection to 2.7%, citing the economic impact of President Donald Trump's new...
Federal Reserve Board of Governors member Christopher Waller stated on Friday that he backed no change in the federal funds' target range during the most recent Federal Open Market Committee (FOMC) meeting, but preferred to continue the current pace of decline in securities holdings.He...
Federal Reserve Bank of New York President John Williams said on Friday that the Fed's current monetary policy stance, which he described as "modestly restrictive" is appropriate for the conditions, including inflation above the 2% target and a "solid" labor market. Williams said the economy...
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