FOMC

Judy Shelton backs a half percentage-point rate cut and would have pushed the Fed to move sooner.

While Federal Reserve officials made it clear they intend to cut interest rates at their July 30-31 meeting, not all of the regional presidents are on board with this move.

With a rate cut all but certain at this month’s Federal Open Market Committee meeting, the discussion has again turned to the magnitude.

With the neutral rate of interest rate extremely low, New York Fed President John Williams suggested the keys are acting quickly and keeping rates lower longer.

The economy was chugging along at about the same pace from mid-May through early July as it had in the previous period, according to the Federal Reserve’s Beige Book.

Federal Reserve Chair Jerome Powell’s testimony before Congress this week made it seem a rate cut at the end of the month is a done deal.

After President Trump's criticism, the Fed Chairman told the Senate Banking Committee a move would be based on what’s best for the economy.

Markets took the Federal Reserve Board chairman's comment on increased uncertainty as a signal that a 25 basis point rate cut is coming.

Federal Reserve officials judged uncertainties and downside risks to the outlook for the U.S. economy had increased significantly when they gathered in June, strengthening the case for an interest-rate cut

With the economy strong, Federal Reserve Bank of Philadelphia President Patrick Harker said interest rates should be held for now.