A few officials appeared reluctant to support the central bank’s interest rate cut last month, underscoring the tough task ahead for Chair Jerome H. Powell to forge a consensus.
Category: Interest Rates
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Gold Price Nears $4,000 an Ounce, a Sign of Turmoil and Unease
Approaching the milestone for the first time, the precious metal is on course for its best year since the 1970s, highlighting unease among investors.
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Yen Plummets, Stocks Rally: Markets Greet Japan’s Next Leader
The governing party’s unexpected choice of Sanae Takaichi to lead it rattled markets on Monday, causing the yen to weaken and sending Japanese stocks sharply higher.
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The Consequences of Trump’s Setback at the Fed
A Supreme Court decision that keeps a Fed governor on the job for now could scramble President Trump’s effort to add more loyalists at the central bank.
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Shutdown Puts a Divided Fed in a Perilous Position
Some policymakers at the central bank are in a rush to lower interest rates after the Federal Reserve’s first cut this year, while others are urging caution.
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The Rates Debate Dividing the Fed
Jerome Powell and some of the more dovish policymakers at the central bank are at odds over how to handle “challenging” inflation and unemployment.
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Powell Stresses ‘Challenging Situation’ for Fed as Rate Debate Intensifies
Rising inflation and a weakening labor market have created a bind for the central bank, Jerome H. Powell, its chair, warned on Tuesday.
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Miran Says Interest Rates Should Fall to 2.5 Percent This Year
Stephen Miran, who joined the central bank last week, said he believes rates should be around 2.5 percent, or about 2 percentage points lower than they are currently.
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New to the Fed, Miran Defends Calls for Sharper Reduction in Interest Rates
In his first comments since joining the Federal Reserve Board, Stephen Miran sought to emphasize his independence from the White House.
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Fed Faces No Good Options as Labor Market Wobbles While Inflation Firms
The central bank is grappling with how quickly to lower interest rates after restarting cuts on Wednesday, amid mixed economic signals and a relentless White House pressure campaign.
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A New Rate-Cut Cycle Could Be Fuel on the Stock Market Fire
But with the market already booming and the Federal Reserve under presidential pressure, a new cycle of lower rates could pour fuel onto a fire, our columnist says.
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Fed Cuts Rates for First Time This Year
The Federal Reserve lowered rates by a quarter point, but one governor voted for a bigger cut. Balancing persistent inflation and a weaker labor market was “a challenging situation,” the central bank chair said.