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#fomc
Jamie Dimon Warns Interest Rates Could Go 'Much Higher' After Bond Selloff
Jamie Dimon warned interest rates could climb much higher from current levels, hours after FOMC minutes showed a majority of Fed officials open to further rate hikes.
Fed Minutes: Rate Hikes Ahead If Inflation Persists
A majority of Fed officials are open to rate hikes if inflation persists, FOMC minutes show, handing Kevin Warsh a hawkish committee days before his swearing-in.
Kevin Warsh walks into the Fed's biggest family fight in 34 years
Kevin Warsh takes over as Fed chair with inflation at 3.8%, the FOMC split 8-4 on rate policy, and markets pricing a 51% chance of a rate hike by December.
Warsh confirmed: 12 Fed voters gather as Powell's final meeting looms
Kevin Warsh joins the FOMC this week after a 51-45 Senate confirmation, taking a seat at the table just three days before Jerome Powell's term as chair expires. With April inflation at 3.8% and Iran-driven energy costs still climbing, the 12 voting members are almost certain to hold rates steady.
Senate advances Warsh Fed nomination as inflation pressures mount
The Senate voted 49-44 on Monday to advance Kevin Warsh's nomination as Federal Reserve chair, setting up a May 15 confirmation vote that would hand him a central bank grappling with 3.3% inflation and an impatient White House.
Fed is running out of reasons to cut rates
A stable labour market, sticky inflation above 3 per cent, and a rapid sell-side pivot away from rate-cut forecasts have eroded the Federal Reserve's case for easing. The debate on the FOMC has shifted from how fast to cut to whether the next move is a hike.
Powell holds rates 3.5-3.75%, ties inflation to Trump tariffs in farewell
Federal Reserve Chair Jerome Powell held rates steady at 3.5 to 3.75 per cent on April 29 and pinned elevated inflation on Donald Trump's tariffs. He told reporters he will stay on as governor through January 2028.
Boston Fed's Collins warns Iran conflict will keep rates elevated into 2027
Boston Federal Reserve Bank President Susan Collins backed the FOMC's hawkish dissenters on Wednesday, warning that the Iran conflict is fuelling persistent inflation through energy-price shocks and that interest rates should stay on hold for an extended period.
Cleveland Fed's Hammack says rates likely on hold 'for quite some time'
Cleveland Fed President Beth Hammack said US interest rates are likely to stay on hold for an extended period, citing sticky inflation, the Iran war and what she called an inflationary mindset taking root among American businesses.