Federal Reserve Bank of Dallas President Lorie Logan, in her most pointed remarks to date, said the case for pausing interest rate increases at the central bank’s June meeting isn’t yet clear.
Federal Reserve Governor Michelle Bowman repeated her call for a third-party probe into the failure of Silicon Valley Bank and pushed back against calls for increased regulation on smaller lenders in response to the recent banking strains.
Federal Reserve Bank of Minneapolis President Neel Kashkari said bank capital requirements should be lifted significantly to help backstop financial institutions against distress.
El presidente del Banco de la Reserva Federal de Mineápolis, Neel Kashkari, dijo que es una “difícil decisión” para él determinar si el banco central debería elevar las tasas de interés el próximo mes o hacer una pausa mientras monitorea las perspectivas inflacionarias.
Federal Reserve Bank of St. Louis President James Bullard backed two more 2023 interest-rate increases and his Minneapolis colleague Neel Kashkari said if the central bank pauses next month it should signal tightening isn’t over.
Federal Reserve Bank of Minneapolis President Neel Kashkari said policymakers may need to keep interest rates high for longer if inflation becomes entrenched, which would create more stress in the banking sector.
Federal Reserve Bank of Chicago President Austan Goolsbee expressed optimism that there’s bipartisan support for a tentative deal to raise the US debt ceiling, adding that a failure to do so would be detrimental to the economy.
(Bloomberg) -- More disappointing inflation news could help to persuade Federal Reserve policymakers to raise interest rates again, giving ammunition to hawks who argue there’s more work needed to restore price stability.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Econ
The US economy showed signs of cooling in recent weeks as hiring and inflation eased slightly, the Federal Reserve said in its Beige Book survey of regional business contacts.
Federal Reserve Bank of Philadelphia President Patrick Harker said the US central bank is close to the point where it can stop raising interest rates and turn to holding them steady in an effort to further bring down inflation.