Fed, Powell and rates
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Federal Reserve governor Chris Waller said Thursday he is in favor of trimming interest rates by another quarter percentage point at the end of the month, but after that he wants to move cautiously.
Federal Reserve Governor Stephen Miran on Thursday said he was not concerned that easing monetary policy risks further inflating historically -- and in some cases record-high -- asset prices.
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Trump says inflation is ‘defeated’ and the Fed has cut rates, yet prices remain too high for many
Trump told the United Nations General Assembly late last month: “Grocery prices are down, mortgage rates are down, and inflation has been defeated.”
THE CHOSUNILBO on MSN
Federal Reserve Chair Powell Signals End to Quantitative Tightening in Months
Jerome Powell, Chair of the Federal Reserve System, hinted on the 14th (local time) that quantitative tightening (QT)—the reduction of the Fed’s balance sheet—could end within the coming months. Quantitative tightening is a measure to absorb liquidity from the market by either selling bonds held by the Fed or not reinvesting them after maturity.