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Fed chief debuts at Jackson Hole, emphasizes need to evaluate real-world economic indicators as well as economic models in making interest rate decisions.
“It is difficult to argue that lower-than-normal rates are appropriate when unemployment is low and inflation is effectively at the Fed's target.”
Some regional bank presidents want “Powell put,” agreement to cut rates if bond yield curve inverts.
Federal Reserve Chairman is trying to maintain flexibility to respond to changes in economic environment.
If trade conflicts drive up consumer prices, Fed may raise interest rates more aggressively than expected.
Powell lauds economy, as the benchmark rate rises to 2%.
Congratulations to Herc Rentals—winner of the 2018 Gold Alexander Hamilton Award in Treasury Transformation!
Rates rise a quarter point, as expected, and Powell exhibits policy similarities to Janet Yellen—but significant differences in style.
Powell jumps in driver's seat as Fed is expected to raise rates this week.
Three- and six-month bills sold at levels unseen since 2008.