News about Fed

Among the things to watch for today #FederalReserve Chair Powell’s remarks, including how he characterizes recent economic developments and their consequences for monetary policy; and The release of the #IMF’s World Economic Outlook, including how/whether it extrapolates…

Fed Vice Chair Philip Jefferson says inflation that proves more stubborn would warrant a longer period of interest rates at their current setting. He doesn't refer to rate cuts as a base case, as he did on Feb. 22 www.wsj.com/livecoverage/stock-market-today-earnings-04-16-2024/card/fed-vice-chair-jefferson-rates-could-be-high-for-longer-dgkqF2tWBDmTMs6aLmkw

FED'S JEFFERSON: COMPARED TO Q4 2023, I EXPECT Q1 ECONOMIC GROWTH TO SLOW DOWN BUT REMAIN SOLID AS INDICATED BY FEBRUARY AND MARCH RETAIL SALES DATA.

FED'S JEFFERSON: I AM FULLY COMMITTED TO GETTING INFLATION BACK TO 2%.