Fed’s Waller: Don’t blame rising rates for recent bank closures
The FOMC’s decision to rapidly increase the federal funds rate over the past year was not a major factor in the recent bank failures, Federal Reserve Governor Christopher Waller said.
Browsing: FOMC
FOMC pauses rate hikes, says more increases likely coming
The Federal Open Market Committee announced it would leave the target range for the federal funds rate at 5% to 5.25%, marking the first pause since it began raising rates last year.
ABA Data Bank: Markets expect FOMC to pause in June
Nearly three-quarters of forecasters expect the Fed will pause rate hikes at the next FOMC meeting, which takes place June 13-14.
FOMC minutes: Members uncertain about further rate hikes
Federal Open Market Committee members all agreed to raise the federal funds rate by 25 basis points at their meeting earlier this month but were divided on whether further monetary policy tightening would be needed, according to FOMC minutes.
Waller: Inflation too high to stop rate increases
Federal Reserve Governor Christopher Waller said that he does not support stopping increases in the federal funds rate unless there is “clear evidence” that inflation is heading towards the Fed’s 2% objective.
Fed’s Jefferson: Inflation remains too high
While inflation has come down substantially since last summer, it is still too high, and by some measures progress has been slowing, Federal Reserve Governor Philip Jefferson said today during an insurance conference in Washington, D.C.
FOMC raises rates by 25 basis points
The Federal Open Market Committee announced it would raise the target range for the federal funds rate by 25 basis points to 5% to 5.25%.
Fed raises rates by 0.25 basis points
Economic activity expanded at a modest pace in the first quarter. Job gains have been…
FOMC minutes: Banking sector woes further cloud economic outlook
The economic fallout from last month’s bank closures failures led some Federal Open Market Committee members to support a lower increase in the federal funds rate than they had anticipated up to that point, according to minutes of the committee’s March meeting.
Fed’s Goolsbee urges caution on raising rates
Federal Reserve officials need to be cautious about aggressively raising the federal funds rate given potential “financial headwinds”—such as tighter credit conditions—following the closures of Silicon Valley Bank and Signature Bank, Chicago Fed President Austan Goolsbee said.