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  • Fed’s Williams Says Now Appropriate to Lower Interest Rates

    From bnnbloomberg.ca

    Federal Reserve Bank of New York President John Williams said it is now appropriate for the central bank to reduce interest rates, given progress on lowering inflation and a cooling in the labor market. Williams said there had been “significant progress” toward the Fed’s dual goals of maintaining stable prices and maximum employment and that the risks to achieving both have moved into “equipoise,” or a state of equilibrium. “With the economy now in equipoise and inflation on a path to 2%, it is now appropriate to dial down the degree of restrictiveness in the stance of policy by reducing the target range ... (full story)

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    Fed's Goolsbee: Today's jobs number continues what we've seen

    From @cablefxmacro|Sep 6, 2024|5 comments

    post: <=USD>:*FED'S GOOLSBEE: TODAY'S JOBS NUMBER CONTINUES WHAT WE'VE SEEN post: FED'S GOOLSBEE: THE JOB MARKET IS SLOWING DOWN. post: FED'S GOOLSBEE: IT RAISES SOME SERIOUS QUESTIONS ABOUT THIS MEETING AND NEXT SEVERAL MONTHS THAT WE MAKE SURE NOT TO MAKE LABOR MARKET TURN INTO SOMETHING WORSE. post: FED'S GOOLSBEE WHEN ASKED ABOUT 50 BPS CUT IN SEPTEMBER: WHAT HAPPENS AT NEXT MEETING ALONE IS NOT WHAT IS MOST IMPORTANT. post: FED'S GOOLSBEE: THERE IS A OVERWHELMING FED CONSENSUS FOR MULTIPLE RATE CUTS.

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    From @FirstSquawk|Sep 6, 2024

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    Economic Outlook with Christopher J. Waller

    From youtube.com/artslettersnd|Sep 6, 2024

    Federal Reserve Board Governor Chris Waller as he delivers his views on the state of the economy and the proper stance of monetary policy. Following his speech, he will take ...

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