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Fed official: Need ‘dust to clear’ before deciding next moves

Summary by Financial Post

After three cuts to its key interest rate last year, Federal Reserve officials, led by Chair Jerome Powell, have signaled that they are in a new phase of watching and waiting. They’d like to see inflation fall further and gauge what impact that new policies from President Donald Trump, particularly tariffs, will have on the economy before they reduce borrowing costs further.

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overpassesforamerica.com

Fed's Bowman: Greater confidence in falling inflation needed before more cuts - Overpasses For America

Latest By Howard Schneider Fed's Bowman: Greater confidence in falling inflation needed before more cuts

5 days ago

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Associated Press News

+6 Reposted by 6 other sources

Fed official: Need ‘dust to clear’ before deciding next moves

Austan Goolsbee, president of the Federal Reserve's Chicago branch, talks with The Associated Press about inflation, the job market and when rate cuts could resume.

5 days ago·United States

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LewRockwell.com

The Fed Has Stopped Pretending that Price Inflation Is Going Away - LewRockwell

At its September 2024 meeting, the Fed’s FOMC cut the target federal funds rate by a historically large 50 basis points and then justified this cut on the grounds that “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance.” The FOMC again cut the target rate in November and then again in December. Each ti…

6 days ago

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World Stock Market

Fed Harker: The current economy advocates a constant rate policy for now - World Stock Market

The president of the Bank of the Federal Reserve of Philadelphia, Patrick Harker, said on Monday that the current economy advocates a stable policy for now, according to Reuters. Key points “Monetary policy is in a good place at this time.” “Future rates policy decisions of the Fed will be driven by the data.” “Fed’s policy position should continue to reduce inflation.” “High inflation and has been persistent in recent months.” “Inflation is exp…

5 days ago

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