The central bank must plot its next interest rate move while the financial system remains unsettled.
must reassess the extent to which rising rates are destabilizing parts of the economy rather than simply slowing it down. And leaders including Fed Chair Jerome H. Powell and top banking copAdvertisement
Policymakers sought to reassure the financial system and the markets that the moves to prevent a wider crisis are working. Treasury Secretary Janet L. Yellen will give remarks before the American Bankers Association Tuesday morning, and Fed Chair Jerome H. Powell will speak at a news conference Wednesday, at the conclusion of the Fed’s two-day policy meeting.“The situation is stabilizing. And the U.S. banking system remains sound,” Yellen will say Tuesday, according to her prepared remarks.
argue that the safer approach would be to pause rate hikes until calm is restored, or until it is clear that the bank fiasco is truly over. Problems in the financial markets have the additional effect of tightening financial conditions even further. They can mimic aggressive rate increases that are as low as half a percentage point, or as high as 1.5 percentage points, according to economists’ estimates. That suggests the Fed could afford to scale down its rate hikes to avoid overkill.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Feds Warned Silicon Valley Bank of Major Issues Years Before CrashThe Federal Reserve had been monitoring Silicon Valley Bank’s shaky ground for more than a year, repeatedly warning the bank of its problems, a source has told the New York Times.
Leer más »
Feds want Supreme Court to end Navajo fight for Colorado River waterStates that rely on water from the over-tapped Colorado River want the U.S. Supreme Court to block a lawsuit from the Navajo Nation that could upend how water is shared in the Western U.S.
Leer más »
Feds want justices to end Navajo fight for Colorado River waterThe U.S. Supreme Court will soon decide a critical water rights case in the arid Southwest. The Navajo Nation extends into three states, making the solution more complex.
Leer más »
Goonie Gang terrorized Englewood, bragged on Facebook, made Goonie Gang T-shirts, feds sayThe Goonie Gang sounds like an after-school club for little kids, but it really was a vicious criminal organization involved in three shootouts a day on the South Side during the summer of 2016, federal prosecutors say.
Leer más »
Feds want justices to end Navajo fight for Colo. River waterThe high court is holding oral arguments Monday in a case with critical implications for how water from the drought-stricken Colorado River is shared and the extent of the U.S. government’s obligations to Native American tribes.
Leer más »
Feds and Sask. invest $485 million over 5 years in agriculture sectorOver five years $89.4 million will be invested each year from a national fund which will see $3.5 billion spent on agriculture across Canada.
Leer más »