News about Federal Reserve, rates, and inflation

“If they just don’t make further progress on inflation, it will be right at some point to say, ‘We don’t know what direction rates are going to go.’” The Fed is "still a ways from that,” said Bill English, a former senior Fed adviser www.wsj.com/economy/central-banking/fed-chair-jerome-powell-projects-optimism-but-inflation-data-are-in-the-drivers-seat-2e729027?mod=hp_lead_pos2

Takeaways from the Powell presser: -There's a high bar right now for the Fed to cut rates, but there's an even higher bar for the Fed to resume rate hikes -He's still expecting inflation to come down, in large part because of the shelter disinflation everyone has expected

Fed Chair Powell summary today: 1) A rate hike is very unlikely 2) His base case is to cut rates later this year, but it’s not a given 3) No sign of stagflation 4) 3% inflation is not acceptable #Fed #economy pic.twitter.com/s6UwoWoSuz

“I don’t see the stag or the ‘flation” - Fed Chair Powell sees no signs of stagflation He expresses surprise people are talking about it right now with strong growth and inflation at 3% pic.twitter.com/KqqlZOwXFT