Kevin Warsh, Press Conference
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Sept 18 (Reuters) - The Bank of Japan raised interest rates to a 31-year high on Friday and signalled its readiness to keep pushing up borrowing costs, joining other major central banks in fighting persistent inflation pressures driven by soaring oil costs.
The Fed now thinks inflation will take even longer to return to the goal, as stubborn inflation, rising rates, and economic uncertainty persist.
The Consumer Price Index shows prices rising by 0.4% over the past month, and by 3.4% over the last 12 months. The Fed’s preferred measure of inflation, the Personal Consumption Expenditures Price Index, isn’t especially reassuring, either.
The outlook of CEOs soured this quarter on concerns that the economy will slow in the face of stubborn inflation, the Conference Board and Business Council found in a survey. During the next 12 to 18 months, 64% of CEOs anticipate a mild economic slowdown ...
By Michael S. Derby Aug 27 (Reuters) - Two Federal Reserve officials on Thursday shared their ongoing concerns about the U.S. inflation outlook, as central bankers gathered in Jackson Hole, Wyoming for the Kansas City Fed's closely watched annual economic symposium.
Federal Reserve Chair Kevin Warsh provided his most detailed insights yet on how he views the central bank's fight against inflation in a high-profile speech an at annual economic conference in Jackso
"It's too soon to know the scope and duration of potential effects on the economy" from the Middle East conflict, Federal Reserve Chair Jerome Powell said on Wednesday at his post-rate decision press conference. With the Federal Open Market Committee ...
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Kevin Warsh's first Fed press conference looms as inflation surge makes rate cuts increasingly unlikely
The Federal Reserve is expected to hold rates steady following its monetary policy meeting this week amid the rise in inflation, while newly minted Chairman Kevin Warsh is set to hold his first post-meeting press conference. Inflation was already elevated ...
The consumer-price index for May is due Wednesday.Alexandra Citrin-Safadi/WSJ This week will bring consumer-price index and producer-price index data from May, providing new readings on inflation and how prices have changed as a result of tariff policies.