Richmond Fed president Tom Barkin said Monday he is optimistic that the current interest rates will be enough to eventually bring inflation down, and that the Fed can afford to be patient due to a strong job market. “The recent data whiplash has only confirmed the value of the Fed being deliberate,” Barkin said in
MARCH 18, 2010. NEWPORT BEACH, CA. The bond trading room at PIMCO, is a global investment management … [+] firm in Newport Beach, CA. (Photo by Don Bartletti/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images We seem to be living in a world of two realities when it comes to forecasting
Former President Donald Trump already appears to have a good idea of who might be on his economic team if he wins this November. The ongoing semipublic floating of candidates from the former president is new in that it is starting much earlier than in elections past. What’s familiar is that Donald Trump is once
Fed Chair Jerome Powell is facing intensifying pressure as hotter-than-expected inflation complicates his coming interest rate decisions. The fact that both Joe Biden and Donald Trump weighed in this past week isn’t making it any easier. The situation has a historical parallel: the acute persuasion and coercion that Powell’s predecessors faced during twin bouts of
Chicago Fed President Austan Goolsbee said Monday that three rate cuts in 2024 are “in line with my thinking,” and that the fundamental story about falling inflation has not changed despite hotter-than-expected readings in January and February. “It seems hard for me to view that the seven months previous to the start of this year
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Ahead of the Fed’s meeting this week, everyone was focused on dots. But the most important number offered by Fed officials was the FOMC’s surprisingly bullish expectations for economic growth, revised upward, as