Federal Reserve President Jerome Powell touches the stubborn side. Unless it is really necessary, the Central Bank does not want to change the percentage of interest rate.
In a Washington speech on Friday, it was very clear that the Fed rate does not think it is necessary. He would like to wait until the next meeting of the Federal Open Market Committee May 6-7.
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“When uncertainty increases, it will be much larger than expected to increase the tariff. The same probably belongs to the economic effects that will cover higher inflation and slow growth,” said Powel, told the annual meeting of the society to edit and write.
President Trump’s Fed’s rates are also true, Powell, who complained of an article, was very slow.
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(It should be noted that Trump complained of Powell in 2019, who believes whose greater enemies, Powell or Chinese President Xi Jinping.)
Does it happen a lot?
Saying all this, Fed Boss, FOMC wants to clarify before asking the members of the FOMC, because it happens so much at a time:
- Tariff decisions were larger than expected or can be stable.
- The economy can weaken very quickly and can cause havoca in financial markets.
- In May or in June, if the nation does not extend the debt limit, the money will run out of money to pay the bills, the Treasury Secretary Scott Bessent warned this week.
- Trump tax breaks and possible extension of government to its debt levels.
The question is that all these problems are so large and dangerous that the Fedin will be forced to move more quickly than we think.
The Trump tariff has since lost more than 10% of the standard and the poor since the declaration. Nasdaq composite index is more than 11% in two days.
The final investigation of individual investors (AAI), the United States (AAI), monthly, month mood for the last six months, increased by 9.8% in the last week and increased by 9.8% in the last week and increased by 9.8% to 61.9%.
The highest and most pisi, the highest and most highest, which have been the highest since March 5, 2009, are the worst of 70.3% in the major financial crisis. (One Note: S & P 500 Four days later.)
At the same time, consumers have information on the cost of spending, the results of the future planning and complaints.
Costco Wholesale (Value( Up to Thursday, 5.2% was removed on Friday. Elon Musk’s Tesla (Tsla( Was far from 10,4%. Mighty Walmart (Wmt( Slide more than 4%.
But Powell doesn’t think the Fedin should move now. Maybe the better the word “still”.
Great fears, tariffs will not reach the ghosts of Trump targets and new American prosperity, but the massive global effects that create terrible global effects, which are similar to 1930.
Fed will take steps when necessary
Fed may hold emergency meetings if the work would want to get out of control.
To fight angry inflation in 1979, Paul took serious measures to increase interest rates next to Walkcer-LED, the mortgage interests were close to 20%.
President Ben Bernanke, Fed, Dot.com after the bust “normalized” and pushed the rates at a higher level after the influence of terrorist attacks September 11, 2001.
More economic analysis:
- The price of gold has hit the speed of speed; Where does it go from here?
- Fed President Jerome Powell’s notes
- Retailer Fed Rate adds a new complication to the cut forecast
However, housing anger came out of the mass and the subprime mortgage crisis appeared as the worst financial debit from the great depression. CNBC commentator Jim Cramer moved so fast with so much fed reaction that erupts with the famous “they know nothing.” Rant.
Finally, Bernanke and Fed, the banking system, had to step to try to stabilize a duty required to achieve 18 months. (Critics still claim that the action is very little and the way.)
The economy’s Covid-19 pandemi arrived in March 2020 in March 2020.
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