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Finance & Economics

Jerome Powell Reportedly Huddles With Bank CEOs to Avoid Legal Fight Over Capital Plan

The media reports that the chairman of the Federal Reserve System, Jerome Powell, took part in a closed meeting with bank executives and urged them to cooperate with the financial regulator of the United States to avoid years of litigation over the proposal of the administration of US President Joe Biden on capital.

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Fed’s Raphael Bostic Says More Data Needed to Rate Cut

Federal Reserve Bank of Atlanta President Raphael Bostic said that he needs a little more data to support the decision to ease the monetary policy of the United States financial regulator, which implies cutting interest rates.

Finance & Economics

Experts Say About Low Likelihood of Emergency Interest Rate Cut by Fed

A sharp slowdown in the pace of the dynamic of the growth in the labor market in the United States has provoked rumors that the Federal Reserve may begin to soften its monetary policy strategy, providing for cutting interest rates, even before its September policy meeting.

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Fed Holds Rates Unchanged

The Federal Reserve decided to keep interest rates at the same level on Wednesday, July 31, but at the same time opened the way for lowering the cost of borrowing at a meeting to be held in September.

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Fed Reportedly to Hold Rates

Federal Reserve officials are expected to move closer this week to cutting interest rates from the current levels, which are the highest in about 20 years, but at the same time will not make any specific decisions about lowering the cost of borrowing and will only signal a possible easing of monetary policy in September.

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Jerome Powell Says About Confidence in Dynamic of US Inflation

Federal Reserve Chairman Jerome Powell said last Monday, July 15, that three inflation readings in the United States for the second quarter of the current year to a certain extent contribute to strengthening confidence that the growth rate of the cost of goods and services is on a trajectory of a gradual return to the […]

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Jerome Powell Says About Threat of Long Period of High Interest Rates for Economic Growth

The Chairman of the Federal Reserve System, Jerome Powell, on Tuesday, July 9, expressed concern that keeping interest rates at a high level for too long could pose a threat to the growth of the United States economy.

Finance & Economics

US Economy Faces Threat of Unemployment

Over the past few years, the main danger to the condition of the United States economic system has been inflation, but over time the list of unfavorable facts of reality has expanded, adding a new threat.

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Jerome Powell Says About Bit of Progress on Inflation

On Tuesday, July 2, Federal Reserve Chairman Jerome Powell expressed his satisfaction with Washington’s progress to date in implementing efforts to counter inflation over the past year.

Finance & Economics

Fed Governor Michelle Bowman Says About Readiness to Raising Rates in Certain Conditions

Federal Reserve Governor Michelle Bowman said on Tuesday, June 25, that it was not yet time to start cutting interest rates, noting that she would be ready to raise borrowing costs if inflation rates did not show a slowdown.

Finance & Economics

Fed Keeps Interest Rates at 23-Year High

The Federal Reserve on Wednesday, June 12, announced that its benchmark lending rates remain at the current level.

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Fed’s Neel Kashkari Needs More Months’ of Positive Inflation Data Before Rate Cut

The President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, on Tuesday, May 28, during a conversation with media representatives, said that the financial regulator of the United States should wait for signs and evidence of more significant progress in efforts to combat inflation before proceeding with the implementation of the decision to ease […]

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Fed’s Christopher Waller Says About Conditions for Lowering of Interest Rates

Federal Reserve Governor Christopher Waller said that to decide on easing monetary policy, which provides for a cut in interest rates, it is necessary to receive several more positive reports on the dynamic of inflation.

Finance & Economics

Experts Expect US Inflation Data to Show Some Positive for Fed

Experts predict that the monthly report on consumer prices in the United States will show a decrease in the level of inflationary pressure in this country as a result of April.

Finance & Economics

Jerome Powell Keeps Hopes Alive for Interest-Rate Cut

Federal Reserve Chairman Jerome Powell, still at the level of hypothetical assumptions, does not deny the likelihood that at some point during the current year, a decision will be made on cutting interest rates, but at the same time recognizes the fact that the circumstances of the external environment are not absolutely favorable for lowering […]

Finance & Economics

Fed Chair Signals Rate-Cut Delay

The Chairman of the Federal Reserve, Jerome Powell, signaled that policymakers will wait longer to cut interest rates longer than originally expected.