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Fed's Goolsbee says rate cuts may need to wait until 2027

Fed's Goolsbee says rate cuts may need to wait until 2027

By Ann Saphir April 14 (Reuters) - The Federal Reserve may need to wait until 2027 to cut interest rates if an extended bout of high oil prices from the Iran war delays inflation's progress towards the U.S. central bank's 2% goal, Chicago Federal Reserve President Austan Goolsbee said on Tuesday.
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Bond investors target steeper US yield curve on bets for slower growth, more debt issuance

Bond investors target steeper US yield curve on bets for slower growth, more debt issuance

By Gertrude Chavez-Dreyfuss NEW YORK, April 14 (Reuters) - Bond investors are doubling down on so-called "curve steepener" trades that are bullish on short-dated U.S.
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Former US Treasury Secretary Yellen says one Fed rate cut possible this year

Former US Treasury Secretary Yellen says one Fed rate cut possible this year

By Kane Wu and Jiaxing Li HONG KONG, April 15 (Reuters) - Former U.S. Treasury Secretary Janet Yellen sees one interest rate cut by the Federal Reserve as possible this year, even as the Iran war creates supply shocks in the global economy that put pressure on inflation.
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Bessent says core inflation is going down, Fed will need to cut rates

Bessent says core inflation is going down, Fed will need to cut rates

By Andrea Shalal WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran war, and repeated his call for the Federal Reserve to cut its interest rates.
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BoE's Greene says war impact may unfold slowly, but inflation risks are paramount

BoE's Greene says war impact may unfold slowly, but inflation risks are paramount

By William Schomberg WASHINGTON, April 14 (Reuters) - Bank of England interest rate-setter Megan Greene said on Tuesday it could take months to see how much long-lasting damage is caused to Britain's economy by the energy price spike, but she expects new price pressures to be a bigger risk than a
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Analysis-Dollar sheds bulk of Iran war premium, but few expect a sharper drop

Analysis-Dollar sheds bulk of Iran war premium, but few expect a sharper drop

By Saqib Iqbal Ahmed NEW YORK, April 15 (Reuters) - The U.S. dollar has given back most of the gains sparked by the Iran war, as a tentative ceasefire revived appetite for riskier currencies, but investors said robust demand for U.S. assets and waning prospects for U.S. interest-rate cuts should
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Under pressure: Tracking the pain in G7 government debt

Under pressure: Tracking the pain in G7 government debt

By Yoruk Bahceli, Ben Welsh, Dhara Ranasinghe and Rocky Swift LONDON/NEW YORK/TOKYO, April 14 (Reuters) - The world's major economies have seen their debt levels surge in recent years, while ever-increasing spending demands -- from ageing populations to climate change and defence -- are adding to
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BoE's Bailey sees major cybersecurity risks in new Anthropic model

BoE's Bailey sees major cybersecurity risks in new Anthropic model

By William Schomberg and Andy Bruce April 14 (Reuters) - Central banks and financial regulators must quickly understand the implications of a new artificial intelligence model that could pose major cybersecurity ​dangers, Bank of England Governor Andrew Bailey said on Tuesday.
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Senate Banking Committee Prepares for Kevin Warsh's Confirmation as Federal Reserve Chair

Senate Banking Committee Prepares for Kevin Warsh's Confirmation as Federal Reserve Chair

The Senate Banking Committee is set to hold a confirmation hearing for Kevin Warsh, President Trump's nominee for the Federal Reserve Chair, next week. Warsh, who previously served on the Fed's Board of Governors from 2006 to 2011, is expected to assume the role in the coming weeks, according to Sen. Tim Scott, R-South Carolina. However, Sen. Thom Tillis, R-North Carolina, has vowed to stall any confirmations until the Department of Justice concludes its investigation into current Fed Chair Jerome Powell. Warsh's financial disclosures reveal assets worth over $100 million, making him wealthier than recent Fed chairs. The confirmation is crucial as Powell's term ends on May 15, and he plans to continue serving temporarily if a successor is not confirmed.
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Bessent says Fed should 'wait and see' before lowering rates, Semafor reports

Bessent says Fed should 'wait and see' before lowering rates, Semafor reports

April 13 (Reuters) - The Federal Reserve should "wait and see" before deciding whether to lower interest rates amid the war in Iran, U.S. Treasury Secretary Scott Bessent told Semafor Editor-in-Chief Ben Smith on Monday.
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Fed Nominee Kevin Warsh Criticized for Misinterpreting Greenspan's Methods

Fed Nominee Kevin Warsh Criticized for Misinterpreting Greenspan's Methods

Kevin Warsh, nominated to be the next Federal Reserve chair, has been criticized for his interpretation of Alan Greenspan's monetary policy approach. Warsh argues that Greenspan relied on anecdotal evidence over data, a claim disputed by experts who emphasize Greenspan's deep data analysis. Greenspan's tenure is noted for recognizing productivity gains from technological advancements, which allowed for lower interest rates without triggering inflation. Warsh's reliance on anecdotes is seen as a misreading of Greenspan's methods, which were grounded in detailed economic data analysis.
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Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices

Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices

Federal Reserve Unlikely to Cut Interest Rates Amid Rising Inflation and Oil Prices