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「Fed Whisperer」: 4 Dissenting Votes Confirm Powell's 'Messy Meeting' and 'Internal Struggle'

1 hours ago

April 30: Fed Whisperer Nick Timiraos says the four dissenting votes may have confirmed what Fed Chair nominee Powell noted in last week’s confirmation hearing about a "messy meeting" and "internal discord."
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Powell: Perhaps the next meeting will consider changing the current dovish stance

April 30 – Federal Reserve Chair Jerome Powell said the number of officials backing a shift to a neutral policy stance has grown, signaling a possible move away from the central bank’s current dovish stance at the next meeting. More Fed policymakers now see equal odds of a rate hike or a rate cut, FXStreet reported.

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Powell: Will Never Be a Shadow Chair

April 30th: Fed Chair Powell says he will never be a shadow chair, respects the Fed chair role and will serve as a governor. (FX168)

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Powell: Disagrees with Trump Administration's Approach, Had Planned to Retire but Had No Choice But to Stay

April 30th — Federal Reserve Chair Jerome Powell emphasized that public trust in the Fed and its political independence are critical. Recent additional actions are jeopardizing the central bank’s ability to fulfill its core responsibilities. “I will step down from the Fed when the time is right. I disagree with the administration’s approach,” Powell said. When asked if his continued service on the Fed Board is politically motivated, he replied, “I don’t think so.” “The Fed must never get involved in politics — this is extremely important. I had planned to retire long ago, but recent government actions have left me no choice but to stay.” (Source: FXStreet)

14 minutes ago

Powell: Recent Inflation Expectations Increase, Inflation Rises

April 30th — Federal Reserve Chair Powell said the March PCE inflation rate is expected to come in at 3.5%, while the unemployment rate will hold steady. Recent inflation expectations have climbed. The economic outlook remains highly uncertain, with recent inflation running at elevated levels. Rising energy prices are set to boost short-term inflation. (IG)

14 minutes ago

Powell: This is my final press conference as Chair, congratulations to Wash

April 30th, Federal Reserve Chair Powell stated, "This is my final press conference as Chair." Congratulations to Powell. Wishing Fed Chair nominee Yellen all the best. The Fed remains resilient. (FXStreet)

14 minutes ago

Powell: Will Stay on as Fed Governor After May 15, Will Serve in Low-Key Manner

April 30 — Federal Reserve Chair Powell said Wednesday he welcomes the Justice Department’s (DOJ) announcement last Friday that it is closing the probe into him. Over the weekend, the DOJ assured the investigation will not be reopened unless it receives a criminal referral. I stand by my position and will not step down until the DOJ investigation is fully concluded. I will continue serving as a Federal Reserve governor after May 15. I will remain a Fed governor for an undetermined period, maintaining a low profile in the role. (Krypton)

14 minutes ago