'Fed shouldn't kid itself' on smooth inflation path: Fmr. Fed Pres.

within the 5.25% to 5.50% range. Joining Market Domination to dissect this decision is former President and CEO of the Federal Reserve Bank of Minneapolis Gary Stern. Stern asserts that there was no surprise in the Fed's announcement, highlighting that the outcome aligned with market expectations.

Addressing the path ahead, Stern suggests that the fight to bring inflation down to the 2% target will"take some time," though it can still be met. Stern acknowledges that the United States has"a big, complex, sophisticated economy," and although the Fed may express its desires, economic behavior may not change overnight to support it.

Giorgio Viera/AFP via GettyAfter weeks of bellyaching and carrying on about how he would “not be allowed” to take a day off from his criminal hush-money trial to attend his 18-year-old son Barron’s high school graduation, Donald Trump will, in fact, be permitted to go, Judge Juan Merchan said Tuesday. Following the first day of proceedings earlier this month, Trump lambasted Merchan, ranting, “t looks like the judge will not let me go to the graduation of my son.

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

June still a possibility for a rate cut: Fmr. Atlanta Fed Pres.A 'higher for longer' interest rate stance has rung true from the Federal Reserve for the past 6 months as officials steer inflation down to 2%. With hotter-...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Fed’s Jefferson Sees Steady Fed Rate Helping to Push Down InflationFederal Reserve Vice Chair Philip Jefferson said he expects inflation will continue to moderate with interest rates at their current level but persistent price pressures would warrant holding borrowing costs high for longer.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Fed still likely to cut mid-year: Former Fed Vice ChairThe debate continues as to when the Federal Reserve will cut interest rates, breaking their higher for longer stance. Many experts believe three cuts will...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »