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Federal Reserve Board Chairman Jerome Powell stuck to his message in questioning before members of the House Financial Services Committee: the economy is doing well and the Fed will stay on the sidelines unless there is a “material change” to its forecast.
February 11 -
The early dot plots were characterized by overly optimistic projections for gross domestic product, which were later revised down, while the projections made after 2017 have been somewhat pessimistic, but more accurate, according to research by the Federal Reserve Bank of San Francisco.
February 10 -
Three Federal Reserve Bank presidents said they would cautiously consider supporting a rate cut.
August 29 -
The U.S. economy doesn’t appear to be headed toward a recession, Federal Reserve Bank of San Francisco President Mary Daly said.
August 21 -
The Empire State Manufacturing Survey’s general business conditions index turned positive in July.
July 15 -
Consumers see inflation rising 2.7% in the next three years and expect the Fed to cut rates, according to the Federal Reserve Bank of New York’s June Survey of Consumer Expectations.
July 8 -
The U.S. and China are again attempting to work out trade differences, and manufacturing numbers show somewhat weaker expansion. Will this be enough to spur the Federal Reserve to lower interest rates later this month?
July 1 -
If data remain mixed before the next FOMC meeting, Federal Reserve Bank of San Francisco President Mary C. Daly said a rate cut would be “something to think about.”
June 26 -
Despite “solid” growth in gross domestic product in the past year, it will be difficult for GDP to rise more than 1.5% to 1.75% on a longer run basis.
June 24 -
The St. Louis Fed's James Bullard and the San Francisco Fed's Mary Daly said economic conditions may justify lower interest rates.
June 3