• Mar 07, 2025

Treasury Market Erases Gains as Fed’s Powell Praises Economy

(Bloomberg) -- US government bond yields rose Friday after comments by Fed Chair Jerome Powell tamped down expectations the central bank could resume cutting interest rates as soon as May. Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-

  • Mar 07, 2025

Fed’s Powell Says Still No Need to Hurry to Consider Rate Moves

(Bloomberg) -- Federal Reserve Chair Jerome Powell acknowledged increased uncertainty in the US economic outlook, but said officials don’t need to rush to adjust policy.Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesNJ College to Merge With State School After Financial StressRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year Low“Despite ele

  • Mar 07, 2025

Fed's Kugler warns on uncertainty and tariff risks to economy

Federal Reserve Governor Adriana Kugler said Friday it still remains challenging getting a handle on the impact of the Trump tariff regime, in a climate where these sorts of policies could lead to higher inflation pressures. There is still, I would say, considerable uncertainty” amid the tariff push and “uncertainty can actually really slow down some of the economic activity” that otherwise would have happened, Kugler said in comments before a gathering held by the Banco de Portugal. She also said the tariffs pursued by the Trump Administration can drive up inflation and later depress growth.

  • Mar 07, 2025

Powell says Fed marking time to see economic impact of Trump policies

Powell spoke at a volatile time, with stock markets and bond yields both declining in the wake of President Donald Trump's whipsaw announcements of steep import tariffs on major trading partners Mexico and Canada, followed by delays in implementing them. Trump has also doubled tariffs on imports from China.