Federal Reserve Bank of Cleveland President Beth Hammack said on Thursday that the Fed will react "when it is clear which way the economy is going," which could be at its June meeting. However, she added that the central bank must be patient and monitor incoming data, although it can also move...
Federal Reserve Bank of Cleveland President Beth Hammack said money market liquidity is still "abundant," and some market swings are "not a bad thing."
She warned that a large Fed balance sheet can lead to more risk-taking and stressed there is an "incredibly high bar" for the Fed to step in and...
The Federal Reserve shared in its latest Beige Book on Wednesday that the economic activity in the United States was "little changed." It was detailed that only five districts saw "slight growth," while three districts said that the activity was "relatively unchanged," and the remaining four districts...
United States President Donald Trump said prices have fallen across the board since he took office, except for interest rates."It's all coming down. The only thing that hasn't come down—but hasn't gone up much—is the interest rate," he said. Trump pointed to falling gasoline prices, saying, "One of the...
United States President Donald Trump said he does not plan to remove Federal Reserve Chair Jerome Powell."None whatsoever, never did," Trump said, rejecting reports that suggested otherwise. He added that while he believes it is the right time to lower interest rates, he has no intention of...
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