In a speech during the annual meeting of central bankers in Jackson Hole, Fed Chairman Kevin Warsh emphasized that inflation is too high and that the Federal Reserve must work on possible interest rate hikes if it does not decline quickly. (translated)
Fed chief Kevin Warsh hinted at a symposium that due to the concerningly high inflation, an interest rate hike is possible in the coming months, while emphasizing that the financial conditions in the USA cannot be described as restrictive. (translated)
Chairman Kevin Warsh of the American central bank expresses his concern about high inflation and keeps the possibility of interest rate hikes open while he examines the impact of artificial intelligence on the economy. (translated)
The new Fed Chief Kevin Warsh expressed concerns about the persistently high US inflation in his speech in Jackson Hole and pointed to the need for an interest rate hike to improve the underlying trends. (translated)
The president of the American Federal Reserve stated that it is difficult to consider the current monetary policy as restrictive in light of the upcoming interest rate meeting. (translated)
Federal Reserve Chairman Kevin Warsh stated that high inflation in the United States is concerning and indicated possible interest rate hikes in response to such financial conditions. (translated)
🇺🇸 *WARSH: HAVE WORK TO DO IF INFLATION NOT MOVING TO 2% WITH SPEED - BBG *WARSH: INFLATION DATA DON’T SUGGEST TREND MEANINGFULLY IMPROVED *WARSH: FED’S 2% PCE OBJECTIVE IS A FIRM, FIXED TARGET #Inflation #FederalReserve #EconomicPolicy #US
The central bank meeting in Jackson Hole will be Kevin Warsh's first stress test as the new Fed chief, as he needs to explain his monetary policy strategies in the face of rising inflation and political pressure from Trump. (translated)
Federal Reserve Chair Kevin Warsh is under pressure to provide clarity in his upcoming speech regarding the ongoing high inflation and interest rates, navigating conflicting expectations from the financial markets and the Treasury Secretary. (translated)
Yet another bailout administrated by the Federal Reserve, this time the financial plumbing of the U.S., looks to have been successful. The stress that emerged in the repo markets a year ago, which was the reason why the Fed launched "Not-QE II" in early December, has dissipated. https://t.co/LD1XruPnlJ #FederalReserve #Bailout #RepoMarket #US
US President Donald Trump is considering the dismissal of Federal Reserve board member Lisa Cook, despite a Supreme Court ruling that has temporarily prevented her dismissal, as he continues to try to influence the monetary policy decisions of the central bank. (translated)
US President Donald Trump is attempting once again to dismiss Lisa Cook, the first Black woman on the Federal Reserve Board, and is urging her to respond to allegations of mortgage fraud within three weeks. (translated)
Die US-Inflation ist im Juni so stark gefallen wie seit sechs Jahren nicht. Die Kernrate liegt bei 2,6 Prozent, damit fast am Ziel der Notenbank. Trotzdem stehen die langfristigen US-Zinsen seit gestern auf dem höchsten Stand seit Juli 2007. Der Anleihemarkt reagiert längst nicht mehr auf Preisdaten. Er bewertet inzwischen, ob man einer Notenbank noch glauben kann. Gestern hat die US-Notenbank Federal Reserve den Leitzins bei 3,50 bis 3,75 Prozent gehalten, zum fünften Mal in Folge. Während der Pressekonferenz von Notenbankchef Kevin Warsh sprang die Rendite der 30-jährigen US-Staatsanleihe um bis zu 0,14 Prozentpunkte auf 5,23 Prozent. Der Dow Jones verlor 1.153 Punkte, der schlechteste Tag seit über einem Jahr. Entscheidend ist, was gleichzeitig passierte. Die Rendite zweijähriger Papiere fiel, weil Trader nicht mehr damit rechnen, dass sofort erhöht wird. Die Rendite 30-jähriger Papiere stieg kräftig, weil dieselben Trader einen deutlich höheren Zins fordern, um dem US-Staat überhaupt noch über drei Jahrzehnte Geld zu leihen. Sie lassen sich die Inflation bezahlen, mit der sie in dieser Zeit rechnen. Bloomberg zählt das als eine der stärksten Spreizungen zwischen kurzen und langen Zinsen nach einer Notenbanksitzung seit Mitte der 1990er Jahre. Der Markt geht davon aus, dass jetzt nicht gehandelt wird und später dafür bezahlt werden muss. Warsh hat den Grund selbst geliefert. Auf die Frage, warum er trotz einer Inflation von 3,5 Prozent nicht erhöht habe, verwies er auf die gestiegenen Marktzinsen, die einen Teil der Arbeit der Notenbank bereits erledigten. Ben Emons von Highline Asset Management sagte, dieser Strategie fehle die Glaubwürdigkeit, harte Worte ohne Taten trügen nur so lange, bis der Markt die Notenbank erneut für zu spät befinde. Wie tief der Riss im Haus selbst geht, zeigt die Abstimmung. Neun zu drei. Die Präsidenten der Notenbankfilialen in Cleveland, Minneapolis und Dallas wollten sofort erhöhen. Drei Gegenstimmen in dieselbe Richtung gab es zuletzt im September 2016. Drei Monate später hat die Notenbank erhöht. Warsh sagte gestern, fünf Jahre Inflation über dem Ziel ließen sich nicht in neun Wochen heilen. Der Anleihemarkt hat ihm zugestimmt und die teuerste mögliche Schlussfolgerung daraus gezogen. Wenn dich solche Makro Insights interessieren und dir helfen, interagiere gerne mit dem Post. 🧡 #USInflation #FederalReserve #Anleihemarkt
The Federal Reserve has decided to keep interest rates unchanged, despite an intense internal debate and pressure for an increase, highlighting economic resilience and ongoing concerns about inflation exceeding the 2% target, without providing clear indications on the future direction of monetary policy. (translated)
The American central bank (Fed) has kept the policy interest rate at 3.50 to 3.75 percent, despite pressure from President Trump for interest rate cuts, and remains vigilant in a time of high inflation and economic uncertainty due to the conflict with Iran. (translated)
During a press conference in Washington, Fed chief Kevin Warsh confirmed that inflation must drop to two percent and that the central bank will not waver in its authority, despite inflation having been above the target for the past five years. (translated)
The US Federal Reserve has maintained the key interest rate unchanged at 3.50 to 3.75 percent, as expected, after the central bank's committee voted nine to three in favor of another pause in interest rates. (translated)
The Federal Reserve has kept interest rates unchanged between 3.50 and 3.75 percent, believing that current inflation does not yet pose a problem, despite the demands from three officials for an increase. (translated)
The central bank of the USA, the Federal Reserve, has decided to keep the key interest rate unchanged in the range of 3.50–3.75 percent, despite three out of twelve members proposing an increase due to inflation concerns, which creates uncertainty regarding the political influence on monetary policy after Kevin Warsh took over as central bank president. (translated)
