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Powell: Unable to find broad support for a significant adjustment to the dot plot
Powell: Will Signal and Take Action If Rate Hikes Are Needed
Analyst: Fed Split Surprising, Tough Road Ahead for Powell
BlockBeats News, April 30th, analysts Anna and Stuart pointed out: The decision to maintain the interest rate today was as expected, but what caught the attention was the notable dissent. Ironically, Jerome Powell, widely seen as a consensus-builder, led the most dissenting voices in what is likely his last meeting as the Fed chair.
This policy statement also upgraded the description of inflation from "somewhat high" to "high". Coupled with evident internal committee divisions, this highlights the challenge Kevin Wash faces in achieving Trump's desired rate cut. It is hard to imagine this fractured committee taking swift action to cut rates unless there is a significant deterioration in the labor market. (Xinhua News)
BlockBeats News, April 30th, analysts Anna and Stuart pointed out: The decision to maintain the interest rate today was as expected, but what caught the attention was the notable dissent. Ironically, Jerome Powell, widely seen as a consensus-builder, led the most dissenting voices in what is likely his last meeting as the Fed chair.
This policy statement also upgraded the description of inflation from "somewhat high" to "high". Coupled with evident internal committee divisions, this highlights the challenge Kevin Wash faces in achieving Trump's desired rate cut. It is hard to imagine this fractured committee taking swift action to cut rates unless there is a significant deterioration in the labor market. (Xinhua News)
Powell: The current interest rate is at the upper end of the neutral range
Powell: No recommendations will be made to Kevin Warsh today
Tony Welch: The Federal Reserve still has a high threshold for rate hikes, and the economy does not yet show a need for rate cuts.
ChainCatcher News, according to Golden Ten Data, Tony Welch, Chief Investment Officer of Atlanta Signature FD, stated that the market has not reacted much to the Federal Reserve's decisions, as signals have basically been released in advance. He pointed out that the current environment does not urgently require a rate cut, and the bond market has noticed a slow decline in the probability of rate cuts, with interest rates trending upward. Welch believes that unless the economy deteriorates, the threshold for a rate hike remains very high.
ChainCatcher News, according to Golden Ten Data, Tony Welch, Chief Investment Officer of Atlanta Signature FD, stated that the market has not reacted much to the Federal Reserve's decisions, as signals have basically been released in advance. He pointed out that the current environment does not urgently require a rate cut, and the bond market has noticed a slow decline in the probability of rate cuts, with interest rates trending upward. Welch believes that unless the economy deteriorates, the threshold for a rate hike remains very high.
Brian Jacobsen: Opposition within the Federal Reserve will become louder after Waller takes office
ChainCatcher news, according to Golden Ten Data, Brian Jacobsen, Chief Economist at Annex Wealth Management in Menomonee Falls, Wisconsin, stated that it is not surprising to see differences within the Federal Reserve, but the extent of the disagreements is surprising. He mentioned that if Powell's last meeting was already like this, just imagine how loud the opposing voices would be under Walsh's leadership. Regarding the persistent high inflation, hawkish signals can be seen everywhere in their rhetoric. Some Federal Reserve officials believe that raising interest rates may solve the inflation problem, even if it means sacrificing the labor market.
ChainCatcher news, according to Golden Ten Data, Brian Jacobsen, Chief Economist at Annex Wealth Management in Menomonee Falls, Wisconsin, stated that it is not surprising to see differences within the Federal Reserve, but the extent of the disagreements is surprising. He mentioned that if Powell's last meeting was already like this, just imagine how loud the opposing voices would be under Walsh's leadership. Regarding the persistent high inflation, hawkish signals can be seen everywhere in their rhetoric. Some Federal Reserve officials believe that raising interest rates may solve the inflation problem, even if it means sacrificing the labor market.
Fed Chair Powell: Current Policy Stance is Appropriate
On April 30, Federal Reserve Chair Jerome Powell stated that the current policy stance is appropriate and helps to achieve the Fed's policy objectives. The U.S. economy has maintained steady growth; employment growth has been slow, and the unemployment rate has not changed significantly, while consumer spending remains resilient. Developments in the Middle East bring a high degree of uncertainty. There are risks to both sides of the dual mandate, with long-term inflation expectations aligned with the 2% target.
On April 30, Federal Reserve Chair Jerome Powell stated that the current policy stance is appropriate and helps to achieve the Fed's policy objectives. The U.S. economy has maintained steady growth; employment growth has been slow, and the unemployment rate has not changed significantly, while consumer spending remains resilient. Developments in the Middle East bring a high degree of uncertainty. There are risks to both sides of the dual mandate, with long-term inflation expectations aligned with the 2% target.