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Fed Chairman Powell now sees current interest rate level 'just below' neutral
By Jeff Cox
Trump slams Fed chair, questions climate change and threatens to cancel Putin meeting in wide-ranging interview with ...
By Damian Paletta, Josh Dawsey & Philip Rucker
Two Words From Fed Chairman Jerome Powell Sent Markets Soaring (Published 2018)
By Binyamin Appelbaum
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Formerly TwitterNick Timiraos
NickTimiraos
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
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Nick Timiraos
NickTimiraos
Powell on taking politics into account when setting interest rates: "We just don't do that .... If you go down that road, where do you stop?"
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Heather Long
byHeatherLong
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
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Heather Long
byHeatherLong
“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
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Washington Post: Trump says his 'gut' can tell him more than 'anybody else's brain can ever tell me'
By Kate Sullivan