Fed Rate Cut in Dec. Possible
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Concerns about financial market stability, including the potential for a sharp drop in asset prices, are emerging as a fresh theme for Federal Reserve officials as they debate when and even whether to cut interest rates further.
Add one more to the number of Federal Reserve officials signaling fresh discomfort over inflation.Fed Governor Michael Barr on Thursday said the US central bank needs to proceed with caution in considering additional interest-rate cuts.
What should the Fed do to fight high inflation while preventing the job market from collapsing? Ask its 12 leaders and you'll get 12 different answers.
Fed board governor Lisa Cook said on Thursday that funds’ so-called basis trades, which take advantage of tiny price discrepancies in Treasuries, risked making the $30tn market “more vulnerable to stress”, and in extreme cases could impact market functioning.
Though private-credit investments have generated high returns and low default rates, Cook said in prepared remarks at Georgetown University’s Psaros Center for Financial Markets and Policy in Washington, D.C., “we should expand the lens and inspect this funding vehicle more closely.”
16hon MSN
Chicago Fed's Goolsbee is 'uneasy' about inflation, says labor market doesn't signal recession
Chicago Fed President Austan Goolsbee is a "little uneasy" about inflation, he said on Thursday. The inflation rate seems to have stalled and may have moved up, he added during an interview at CFA Society of Indianapolis Annual Lunch.
CNBC’s Steve Liesman sits down with Federal Reserve Bank of Cleveland President Beth Hammack to discuss the September jobs report, interest rate cuts, private credit, and AI in the workplace.
Former Federal Reserve governor Adriana Kugler’s departure presumably shows how the Fed responds to rules violations. The allegations against Fed governor Lisa Cook fall outside that category.