Powell defends Fed independence
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Fed ‘Well Positioned’ to Wait on Rate Cuts Even
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(Reuters) -Federal Reserve Bank of Dallas President Lorie Logan on Thursday signaled that the central bank may need to keep short-term interest rates where they are for quite some time as it waits for the data to show if President Donald Trump's mix of trade,
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Officials at their May 6-7 meeting reaffirmed the need for a “cautious approach” given increased uncertainty over tariff policies.
Federal Reserve Bank of San Francisco President Mary Daly said monetary policy is in a “good place” to continue to bring inflation down.
U.S. Federal Reserve policymakers could still cut interest rates twice this year as they projected in March, San Francisco Fed President Mary Daly said on Thursday, but for now rates should remain steady to make sure inflation is on track to reach the central bank's 2% goal.
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Economist Brian Wesbury comments on how the Federal Reserve (and eventually taxpayers) are paying hundreds of billions of dollars in interest to private banks to hold money printed during massive balance sheet expansions following the 2008 crisis and COVID.