Jay Powell’s press conference

Fed’s Pause to Last Longer Than Average

October 30, 2019

Coming into today’s FOMC announcement and press conference, Fed watchers correctly coalesced around a view that the Fed would chop 25 basis points off its federal funds rate target for the third time since July 31 but at the same time signal a pause in this easing cycle. The released statement didn’t discredit that presumption. […] More

FOMC Review

March 21, 2018

As expected and revealed in a published statement and new economic projections, the Fed implemented a sixth 25-basis increase in its federal funds target range to 1.50-1.75% and upgraded its forecasts GDP growth in 2018 and 2019, the labor market over the coming three years, and the core PCE inflation index for 2019 and 2020. […] More