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Federal Reserve officials "collectively signal": be cautious of tariff inflation risks and do not rush to cut interest rates.
Among the multiple Federal Reserve officials who spoke on Friday, no one was eager to lower the benchmark interest rate.
Popular candidates for the Federal Reserve chair: If tariffs trigger uncontrollable inflation, the Fed will face a crisis of confidence.
Popular candidate for Federal Reserve Chair, Waller, has expressed his opinion.
The third-ranking official of the Federal Reserve emphasized the importance of stabilizing inflation, and Governor Waller warned that dismissing Federal Reserve officials is detrimental to the economy.
The President of the New York Federal Reserve, Williams, stated that stabilizing inflation expectations near the targets set by policymakers is the "cornerstone" of Federal Reserve policy. Media analysis suggests that Williams' remarks indicate a particular focus on the inflation aspect of the Federal Reserve's responsibilities, which is consistent with recent comments by Federal Reserve Chairman Powell. The "New Federal Reserve News Agency" quoted Williams as saying, "Focus on consumer behavior, not just their words."
"Shadow Fed Chairman" Waller criticized the Federal Reserve for "shifting blame" regarding tariffs: this indicates that the credibility of controlling inflation has been damaged.
The next Federal Reserve chair, a popular candidate viewed as the "shadow chairman" of the Fed, Waller, recently stated that if the central bank fails to prevent price increases caused by tariffs from evolving into persistent inflation, it would indicate a damage to the central bank's credibility and insufficient ability to control inflation. He emphasized that public confidence in the central bank's maintenance of price stability is itself a prerequisite for stabilizing prices.
There Are Early Signs Consumers Are Starting to Pull Back on Spending, Fed's Williams Says
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