Fed's Williams: Bank Can Still Cut Rates in 'Near Term'
The U.S. Federal Reserve can still cut interest rates "in the near term" without putting its inflation goal at risk, New York Fed President John Williams said Friday.
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US Job Growth Beats Expectations in September; Unemployment Rate Rises to 4.4%
U.S. job growth accelerated in September, but the unemployment rate rose to 4.4% and the economy shed jobs in the prior month, suggesting labor market conditions remained sluggish. Nonfarm payrolls increased by 119,000 jobs...
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Fed Officials Focus on Financial Market Stability
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.
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Fed's Goolsbee Repeats He Is Uneasy on Rate Cuts
Chicago Federal Reserve President Austan Goolsbee repeated Thursday he is "uneasy" about frontloading interest-rate cuts, particularly with progress on inflation towards the Fed's 2% goal looking to have stalled and starting to go the wrong way.
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Cleveland Fed's Hammack supports keeping rates around current 'barely restrictive' level
Hammack on Thursday gave indications that she thinks the central bank could be nearing the end of what could be a brief rate-cutting cycle.
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Fed's Hammack: Sept. Jobs Data Is 'a Bit Stale'
Cleveland Federal Reserve President Beth Hammack downplayed the impact of September hiring data released Thursday, as she once again said U.S. monetary policy needs to be positioned to lower persistently high inflation levels.
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