Federal Reserve Chair Jerome Powell warns that a slowdown in hiring poses a serious risk to the U.S. economy. With expectations of continued monetary support, Powell indicates that additional rate cuts may be necessary to sustain growth and protect the central bank’s policy goals.
Federal Reserve Governor Michael Barr advises caution when adjusting policy, suggesting that a thoughtful approach could help prevent unintended consequences. CNBC’s Steve Liesman reported on these remarks, which shed light on Barr’s perspective on measured policy changes.
Every first Friday of the month, economists and traders wait for the Labor Department’s jobs report. Now, with the government shut down, those crucial numbers never arrived—leaving the nation guessing about its economic health.
Lawyers for former federal officials have cautioned the Supreme Court that removing Federal Reserve Governor Lisa Cook could subject the nation’s central bank to damaging political pressures. This warning highlights deep concerns about the Federal Reserve’s independence and the broader implications for U.S. monetary policy.
Jerome Powell brought the Federal Reserve together for a quarter-point rate cut in his first meeting with newly appointed White House adviser Stephen Miran. Despite some on Wall Street predicting deeper divisions, the FOMC majority coalesced to support Powell’s direction, signaling his enduring control.
President Donald Trump has appealed to the Supreme Court to uphold his decision to remove Federal Reserve Governor Lisa Cook from her role. The request underscores a larger debate on the extent of presidential authority over an institution that holds sway over the country’s interest rates.
In a tight vote of 48–47, the Senate confirmed White House Economic Adviser Stephen Miran to the Federal Reserve Board of Governors. The appointment fills a key vacancy on the nation’s powerful central banking body and underscores the seriousness of the ideological divides in the chamber.
The US Senate narrowly approved President Donald Trump’s nominee to the Federal Reserve on Monday, reflecting heightened political tensions over monetary policy. This confirmation comes just as the central bank prepares for its upcoming rate-setting meeting.
A new proposal suggests the Trump administration wants the Federal Reserve to use its balance sheet to bring 30-year mortgage rates down to 5% next year. Though many consider this a long shot, the idea highlights the growing debate over whether monetary policy should be leveraged to tackle rising home-loan costs.
HSBC expects the Bank of England to maintain its current £100 billion annual quantitative tightening strategy. The projection indicates the central bank may continue reducing its balance sheet at the same pace. This outlook offers insight into ongoing business and economic considerations.