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Express News | Waller: Labor Market Remains Strong Solid Growth Appears to Be Continuing in First Quarter of 2025
Fed's Waller Says Policy Uncertainty Shouldn't Dissuade More Rate Cuts
Federal Reserve Governor Bowman: Greater confidence in the decline of inflation is needed before further rate cuts.
Federal Reserve Governor Bowman stated that the current benchmark interest rate is in a "good position" and expects U.S. inflation to further slow down this year. However, the process of inflation returning to normal still carries "upside risks," and greater confidence must be established in the continuous decline of inflation before any interest rate cuts are made, adopting a cautious and gradual policy adjustment approach. She also mentioned the need to pay attention to the uncertainties brought about by the Trump administration's trade policies. Additionally, Bowman criticized the lack of action and transparency in U.S. bank regulation, calling for systematic reforms to improve regulatory efficiency.
Federal Reserve officials: The current MMF policy is restrictive, and interest rate cuts need to wait for more inflation progress.
① Harker expects long-term interest rates to continue to decrease, with economic growth and production remaining resilient, and a balanced labor market, supporting the policy interest rate to remain unchanged. ② Harker supports the Federal Reserve's decision to maintain the interest rate in January, believing that the current interest rate level is appropriate and that the inflation target can be achieved in the next two years.
Philadelphia Fed President Harker: Current policy remains restrictive, and interest rates are expected to decline "over the long term."
In 2026, Philadelphia Fed President Harker optimistically expects that the Federal Reserve's policy interest rate can "decrease in the long term." He believes that the current MMF policy is in a good position and remains restrictive even after three rate cuts last year. Harker supports the decision to keep rates unchanged last month and thinks the current rate level is sufficient to bring inflation down to the Federal Reserve's 2% target in the next two years.
The Federal Reserve's average inflation targeting has faced criticism, but after framework assessment, it may only undergo slight adjustments.
The Federal Reserve will complete its policy framework evaluation before the end of summer, and its controversial "average inflation target" strategy may largely remain after the evaluation.
razo2 : US already lost long time ago the army at Russia is very aggressive and experienced. also Putin kinda put the nail in the coffin when they showed their first ICBM to the US. good luck trying to defend an ICBM that actually works.