More Federal Reserve officials see possible rate hikes this year, minutes show
The minutes underscore the Fed’s dilemma as it seeks to fill its congressional mandates of low inflation and maximum employment.
Federal Reserve Bank
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Powell: Fed still sees rate cuts this year; election timing won’t affect decision
The recent pickup in inflation has led some economists to postpone their projections for when the Federal Reserve will begin cutting interest rates.
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Federal Reserve on cusp of what some thought impossible: Defeating inflation without steep recession
The economy keeps growing, defying widespread fears from a year ago that 2023 would bring a recession, a consequence of the much higher borrowing rates the Fed engineered.
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First Internet Bank’s acquisition deal with Georgia bank terminated
First Internet announced in November that it planned to acquire Georgia-based First Century Bank for about $80 million. But when it became necessary to extend the closing date, the parties couldn’t agree on extension terms.
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Articles
Key Fed official sees possible rate hike amid higher gas prices, inflation concerns
Rate increases by the Federal Reserve would be a sharp shift from late last year, when the central bank cut its key rate three times.
Fed keeps key rate unchanged as Powell vows to stay until DOJ probe is done
Federal Reserve Chair Jerome Powell suggested that the central bank remained concerned about inflation that was still stubbornly elevated even before the Iran conflict’s impact on gas prices.
Federal Reserve could signal no interest rate cuts this year in wake of Iran war
The Fed will release a set of quarterly projections on Wednesday, and they could alter their forecast of one rate cut this year to zero.
White House formally nominates Warsh to be Federal Reserve chair
Warsh’s nomination, which was initially announced Jan. 30, was forwarded Wednesday to the Senate, where it will be taken up by the Senate Banking Committee.
Trump expects his Fed pick and AI to deliver replay of the ’90s boom, but economists have doubts
The story the Trump team is telling — that a visionary Federal Reserve chair, Alan Greenspan, fueled the 1990s boom by keeping interest rates low — is incomplete at best.
Fed’s Waller says rate cut in March is ‘coin flip’ following strong US jobs report
Federal Reserve governor Christopher Waller also said that the Supreme Court’s decision to strike down many of Trump’s tariffs would likely have only a limited impact on the economy and inflation, and therefore wouldn’t affect his view on rates.
The challenge for Fed chair nominee: Navigating independence and Trump’s demands
President Trump told reporters Friday that he didn’t want to ask Kevin Warsh to agree to cut rates because that would be “inappropriate,” even if “it probably would be allowed.”
Trump’s choice of Warsh to lead Fed could reshape the world’s most influential central bank
Whether Kevin Warsh can maintain the Fed’s long-time independence from day-to-day politics while also placating Trump will be a tremendous challenge.
UPDATE: Trump names former Federal Reserve governor Warsh as the next Fed chair, to replace Powell
Trump chose current chair Jerome Powell to lead the Fed in 2017 but this year has relentlessly assailed him for not cutting interest rates quickly enough.
Federal Reserve keeps interest rates unchanged even as Trump continues to press for lower rates
The central bank said there are signs the job market has stabilized while it also said growth was “solid,” an upgrade from last month’s characterization as “modest.”
Inflation cooled slightly in December–though it remains above Fed’s target
Signs that inflation is cooling could make it more likely that the Federal Reserve will reduce its key interest rate later this year, which could translate into lower borrowing costs for mortgages, auto loans and credit cards.
Fed served with DOJ subpoenas; Powell vows to stand firm
The unprecedented move by the Trump administration marks an escalation of the president’s longstanding feud with the central bank’s chair, though Trump denied having any knowledge of an investigation.
December interest rate cut was a close call for some Fed officials, minutes show
The minutes showed that even some Fed officials who supported the rate cut did so with reservations, with some saying they wanted to wait for more data before making any further moves.
US economy expands at 4.3% annual rate in the third quarter, fastest in 2 years
But economists caution that persistent and potentially worsening inflation could make a January interest rate cut from the Fed less likely.
Federal Reserve cuts key rate but signals higher bar for future reductions
Wednesday’s cut reduced the Fed’s key interest rate by a quarter-point, to about 3.6%, the lowest it has been in nearly three years.
Fed likely to lower borrowing costs this week, but follow-up rate cuts face longer odds
The Federal Reserve faces an unusually contentious meeting this week that will test Chair Jerome Powell’s ability to corral the necessary support for a third straight interest rate cut.
Fed’s preferred inflation gauge little changed in September as spending weakened
Core inflation was muted in September and will bolster the case for a cut to the Federal Reserve’s key interest rate at its next meeting.
Federal Reserve releases new guidance for bank oversight in move praised by industry
Michelle Bowman, the Fed’s vice chair for supervision, said the principles will “sharpen” the central bank’s focus and build “a more effective supervisory framework.”
Sharp disagreements over economy threaten Federal Reserve interest rate cut
The differences have been exacerbated by the government shutdown’s interruption of economic data, a particular challenge for a Fed that Chair Jerome Powell has often described as “data dependent.”