Federal Reserve Chair Powell deems it premature to discuss cutting rates and suggests the possibility of more hikes.

Federal Reserve Board Chairman Jerome Powell, in a speech at Spelman College in Atlanta, dismissed market expectations for aggressive interest rate cuts as premature. Powell emphasized that the Federal Open Market Committee intends to keep policy restrictive until inflation is solidly back to 2%. He also stated that they are prepared to tighten policy further…

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Susan Collins of the Federal Reserve says further rate hikes are still a possibility

Boston Fed President Susan Collins: More rate hikes may be needed despite recent inflation signs Boston Federal Reserve President Susan Collins cautioned that despite recent positive signs on inflation, more interest rate hikes could still be necessary. In an interview with CNBC, Collins emphasized the importance of appreciating the good news but also staying the…

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Cleveland Federal Reserve begins search for new leader following departure of Loretta Mester

Cleveland Federal Reserve President Loretta Mester to Retire in 2024 The Cleveland Federal Reserve announced the search for a new leader, as current President Loretta Mester plans to retire in mid-2024. Mester, 65, known for advocating for tighter monetary policy, will reach mandatory retirement after serving in her position for 10 years by June next…

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