Feds

Fed’s Mary Daly says she doesn’t feel inflation because ‘I have enough,’ adds ‘that’s not the case’ for others

Check out what’s clicking on FoxBusiness.com. The president of the San Francisco Federal Reserve Bank is doing fine amid a period of high inflation, but she acknowledged that others are not so fortunate.  President Mary Daly gave an interview to Reuters on Wednesday exploring the ongoing inflation spike and its effect on low-income households.  Interviewer …

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Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession

St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank official said he expects another 1.5 percentage points or so in interest rate increases this year as the Fed continues to battle the highest inflation levels …

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Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike

Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. Ann Saphir | Reuters The Federal Reserve still has a lot of work to do before it gets inflation under control, and that means higher interest …

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Recent economic data have been the Fed’s ‘worst nightmare,’ economist says

The economy is looking pretty dreadful, and that won’t make the Federal Reserve’s job any easier as it tries to engineer a soft economic landing, one top Wall Street economist warns. “I would say that the recent economic data have been central banks’ worst nightmare,” said Citi Global Chief Economist Nathan Sheets on Yahoo Finance …

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Fed’s aggressive rate-hike path bolstered by new inflation, wage data

July 29 (Reuters) – Federal Reserve Chair Jerome Powell said this week he’s looking for compelling signs that inflation is cooling before the U.S. central bank will let up on what’s so far been its most aggressive set of interest rate hikes in decades. In data released on Friday, he largely got the opposite. Inflation …

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Was Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press conference

Investors reacted as if Fed Chairman Jerome Powell’s press conference Wednesday was dovish, but many economists think it was on the hawkish side of the street. Here are some of the key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed jacks up rates to …

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