Cipollone: ECB will intervene if inflation deviates significantly from 2%

Real gross domestic product (GDP) increased at an annual rate of 3.8 percent in the second quarter of 2025 (April, May, and June), according to the third estimate released by the U.S. Bureau of Economic Analysis. In the first quarter, real GDP decreased 0.6 percent (revised). The increase in real GDP in the second quarter primarily reflected a decrease in ...

Fed's Daly: The inflation impact of tariffs hasn't been as large as forecast, and has had a bigger impact on the labor market. Fed's Daly: Interest rates are still modestly restrictive Federal Reserve's Daly Says "Some Additional Rate Cuts May Be Needed Over Time" DALY: WE ARE IN 'TRADEOFF' SPACE, NEED TO BALANCE RISKS SHOULD NOT GO ALL THE WAY TO NEUTRAL, TOO RISKY DALY: US ECONOMY IS IN OKAY SHAPE

FED'S GOOLSBEE: JOB MARKET SEEMS TO BE COOLING, INFLATION IS GOING UP Fed's Goolsbee: Rates can go down a fair bit more if inflation heads toward 2%, but I'm wary of frontloading rate cuts. FED'S GOOLSBEE: RATES CAN DROP FURTHER IF STAGFLATION RISK FADES CHI FED'S GOOLSBEE Q&A/CRAIN'S: HAVING INFLATION GOAL AT 2% 'SUPER IMPORTANT;' DON'T CONSIDER CHANGING WHILE HAVEN'T REACHED CURRENT TARGET #Goolsbee #FederalReserve #economy GOOLSBEE: IF SITTING GOVT CAN TELL CENTRAL BANK WHAT TO DO WITH RATES, INFLATION GOES UP CRITICALLY IMPORTANT FOR FED TO REMAIN INDEPENDENT