Bostic: Fed's focus is its mandates not market pricing for rate cuts
Thursday, 11 July 2019 () Strong market expectations of an upcoming Fed rate increase are not a reason for the central bank to make a policy move given a U.S. economy that continues to perform well, Atlanta Federal Reserve President Raphael Bostic said on Thursday.
Jerome Powell, chairman of the Federal Reserve can breath a sigh of relief now that he's finished answered pressing questions from Congress. But the market can breath, too, because it looks like it will get its rate cut. Here's what Powell said over the two days, and what the market implied actions...
Federal Reserve chairman Jerome Powell's comments to the House Financial Services Committee were level-headed and rather implicit as usual, yet all indications were that there will be an interest rate..
Federal Reserve Chairman Jerome Powell is speaking in front of the House Financial Services Committee Wednesday, and one former Federal Reserve member explained what the market is likely to hear from..