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☆ WSJ's Nick Timiraos on Trump allies' efforts to erode the Fed's independence
▼ + stars: | 2024-04-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Nick Timiraos on Trump allies' efforts to erode the Fed's independenceNick Timiraos, The Wall Street Journal chief economics correspondent, joins 'Squawk Box' to discuss reports of Trump allies drafting plans to erode the Fed's independence if the former president wins the 2024 election, how plausible the scenario would be, and more.

Persons: Nick Timiraos Organizations: Trump, Street Journal

☆ Charting the Fed's rate path
▼ + stars: | 2024-04-12 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCharting the Fed's rate pathNick Timiraos, The Wall Street Journal chief economics correspondent, joins CNBC's 'Squawk Box' to discuss whether the rate cuts are off the table, his expectations from the Fed, and more.

Persons: Nick Timiraos Organizations: Street Journal

☆ Profits Comeback Paired With Rate Cuts Make a Powerful Mix
▼ + stars: | 2024-01-16 | by ( Justin Lahart | ) www.wsj.com time to read: +1 min

Soft landing the U.S. economy is like an economic nirvana: inflation is low and the job market is strong. WSJ’s Nick Timiraos explains why and how the Federal Reserve is trying to make one happen. Photo illustration: Ryan TrefesProfits are growing again, and the Federal Reserve looks as if it will start cutting rates sometime this year. It is an unusual combination and, for the stock market, possibly a potent one. It is early days still, but the rebound in profits that began in the third quarter looks poised to continue.

Persons: Nick Timiraos, Trefes Organizations: Federal Reserve, Federal, London Stock Exchange Group

☆ Fed Tiptoes Toward Dialing Back Key Channel of Monetary Tightening
▼ + stars: | 2024-01-15 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Federal Reserve, by slowing its bond runoff, can reduce pressure on long-term interest rates. Photo: Valerie Plesch/Bloomberg NewsThough the Federal Reserve stopped raising interest rates last summer, it is quietly tightening monetary policy through another channel: shrinking its $7.7 trillion holdings of bonds and other assets by around $80 billion a month. Now that, too, may change. Fed officials are to start deliberations on slowing, though not ending, that so-called quantitative tightening as soon as their policy meeting this month. It could have important implications for financial markets.

Persons: Valerie Plesch Organizations: Federal, Bloomberg, Federal Reserve

☆ Consumers Pulled Back on Spending in October
▼ + stars: | 2023-11-30 | by ( Gwynn Guilford | Nick Timiraos | ) www.wsj.com time to read: 1 min

Consumers saw inflation cool in October after gasoline prices fell and underlying price pressures eased. The report suggests the Fed is likely done raising interest rates. Photo: Brandon Bell/Getty ImagesAmericans slowed their spending in October and inflation continued cooling as the economy downshifted from a fast-paced third quarter. Consumer spending rose 0.2% in October, down sharply from a 0.7% rise in September, the Commerce Department said Thursday. The combination of ebbing income growth, high interest rates and prices, dwindling pandemic savings and the resumption of student loan payments are eroding Americans’ ability to keep boosting their spending as briskly as they did through the summer, economists say.

Persons: Brandon Bell Organizations: Getty, Commerce Department

☆ The Fed Wants More Evidence Before Changing Rate Stance
▼ + stars: | 2023-11-21 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Minutes of the Fed’s meeting suggest the central bankers might be comfortable holding rates steady for at least the rest of the year. Photo: joshua roberts/ReutersFederal Reserve officials were unwilling to conclude they were done raising interest rates when they decided earlier this month to extend a pause in rate increases. But minutes of their most recent policy meeting suggested they might be comfortable holding rates steady for at least the rest of the year.

Persons: joshua roberts Organizations: Reuters Federal Reserve

☆ The Hidden Hero Fueling Soft-Landing Hopes: A Boost in Supply
▼ + stars: | 2023-11-19 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Workforce participation boosted the labor force in 2023. Photo: KAMIL KRZACZYNSKI/REUTERSFederal Reserve Chair Jerome Powell signaled an important shift this month when he said the central bank didn’t necessarily have to worry about stronger growth feeding through to higher prices. The reason: The U.S. economy’s speed limit, known as potential growth, appears to have temporarily moved up thanks to easing bottlenecks and a boost in the number of people available to work and, possibly, in productivity, or the output that each worker produces.

Persons: KAMIL KRZACZYNSKI, Jerome Powell Organizations: REUTERS

☆ WSJ's Nick Timiraos: Right now this looks like a Fed that doesn't want to hike again
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWSJ's Nick Timiraos: Right now this looks like a Fed that doesn't want to hike againNick Timiraos, The Wall Street Journal chief economics correspondent, joins 'Squawk Box' to discuss the Fed's inflation fight, why he believes the data could mark the end of the Fed's rate tightening cycle, state of the U.S. economy, and more.

Persons: Nick Timiraos Organizations: Street Journal Locations: U.S

☆ Cooling Inflation Likely Ends Fed Rate Hikes
▼ + stars: | 2023-11-14 | by ( Amara Omeokwe | Nick Timiraos | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/central-banking/what-to-watch-in-the-cpi-report-did-inflation-heat-up-or-cool-down-last-month-5c22f833

Persons: Dow Jones

☆ Jerome Powell Outlines Cautious Approach to Raising Rates or Declaring End to Hikes
▼ + stars: | 2023-11-09 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Fed Chair Jerome Powell said getting inflation sustainably to the central bank’s 2% goal wouldn’t be easy. Photo: Chip Somodevilla/Getty ImagesFed Chair Jerome Powell said it was premature for the central bank to declare a conclusive end to its historic interest-rate increases of the past two years even though he didn’t make an argument for raising rates further right now. The Fed has raised interest rates this year to a 22-year high to combat inflation by slowing economic activity. Officials are committed to achieving a rate setting that is “sufficiently restrictive” to bring inflation down to its 2% goal over time. “We are not confident that we have achieved such a stance,” Powell said in remarks prepared for delivery at a conference in Washington on Thursday.

Persons: Jerome Powell, Chip Somodevilla, ” Powell Organizations: Getty Locations: Washington

☆ Austan Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates
▼ + stars: | 2023-11-09 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Austan Goolsbee, Chicago Fed president, says how long to hold rates at the current level could be shaped by whether external shocks hit the economy. Photo: David Paul Morris/Bloomberg NewsA Federal Reserve official said the central bank will need to pay close attention to the effects of higher longer-term bond yields to make sure they don’t slow the economy more than expected over the coming year. Austan Goolsbee , president of the Federal Reserve Bank of Chicago, said in an interview Wednesday the recent run-up of longer-term borrowing costs could become more important as the central bank shifts its focus from how high to raise interest rates and toward how long to hold them near a 22-year high.

Persons: Austan Goolsbee, David Paul Morris Organizations: Chicago Fed, Bloomberg, Federal Reserve, Federal Reserve Bank of Chicago

☆ Even if the Fed Stays on Hold, Jerome Powell Is Keeping His Options Open
▼ + stars: | 2023-11-09 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Fed Chair Jerome Powell said getting inflation sustainably to the central bank’s 2% goal wouldn’t be easy. Photo: Chip Somodevilla/Getty ImagesFed Chair Jerome Powell indicated the central bank wouldn’t declare an end to its historic interest-rate increases until it had more evidence that inflation was cooling. Price and wage pressures have eased recently, leading more investors to think the Fed is done raising rates. Powell disappointed those investors in a speech Thursday by explaining why he thinks the Fed is more likely to tighten policy than ease it if any change is warranted.

Persons: Jerome Powell, Chip Somodevilla, Powell Organizations: Getty

☆ Fed Extends Pause on Rate Hikes but Keeps Door Open to Moving Higher
▼ + stars: | 2023-11-01 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Federal Reserve Chair Jerome Powell said Wednesday that the central bank will leave its benchmark interest rate unchanged, marking the second consecutive meeting with no increase. Photo: Kevin Lamarque/ReutersWASHINGTON—Federal Reserve Chair Jerome Powell hinted the central bank might be done raising interest rates for now but was careful not to rule out another increase after officials extended a pause in hikes. Officials voted unanimously on Wednesday to leave rates unchanged at a 22-year high. “The committee is proceeding carefully,” Powell said during a press conference where he said nothing to shift the market’s expectation that officials won’t raise rates in December.

Persons: Jerome Powell, Kevin Lamarque, ” Powell Organizations: WASHINGTON — Federal

☆ Fed Officials Debate Whether They Have Raised Rates Enough
▼ + stars: | 2023-11-01 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Speaking at the Economic Club of New York, Federal Reserve Chair Jerome Powell described the U.S. economy as “resilient” and said he doesn’t believe monetary policy is too tight. Photo: Bess Adler/BloombergThe Federal Reserve is likely to leave its benchmark interest rate unchanged this week at a 22-year high while keeping open the possibility of another rate hike to fight inflation. Officials, whose two-day policy meeting concludes Wednesday, could raise rates again in December or next year if the economy doesn’t cool as they expect and inflation picks up again after slowing since June.

Persons: Jerome Powell, Bess Adler Organizations: Economic, of New, Federal, Bloomberg Locations: of New York, U.S

☆ Fed Extends Pause on Interest-Rate Hikes but Keeps Door Open to Higher Rates
▼ + stars: | 2023-11-01 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Watch live coverage of a Federal Reserve news conference with Chair Jerome Powell. WASHINGTON—The Federal Reserve left interest rates unchanged at a 22-year high and signaled rates would remain elevated well into next year to keep inflation moving down. “The committee is proceeding carefully,” Fed Chair Jerome Powell said Wednesday during a press conference where he danced around questions over whether the central bank was leaning toward raising rates at its December policy meeting.

Persons: Jerome Powell, WASHINGTON —, “ Organizations: Federal Reserve

☆ Workers Keep Getting Big Raises, Just Not as Much as Last Year
▼ + stars: | 2023-10-31 | by ( Gwynn Guilford | Nick Timiraos | ) www.wsj.com time to read: 1 min

WSJ’s Dion Rabouin unpacks the latest GDP report and explains what it says about the state of the economy. Photo: Li Jianguo/Zuma PressAmerican workers are still commanding big pay raises, though not quite as beefy as last year. That is good news for workers but a potential complication for the Federal Reserve’s fight to lower inflation. Employers spent 1.1% more on wages and benefits in July through September than in the prior three months, according to the Labor Department’s employment-cost index, released Tuesday. That was slightly better than the 1% gain in the second quarter and a sign that wage pressures remained strong as economic growth accelerated.

Persons: WSJ’s Dion Rabouin, Li Jianguo Organizations: Zuma Press American, Federal, Employers, Labor

☆ Higher Bond Yields Could End the Fed’s Historic Rate Rises
▼ + stars: | 2023-10-30 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

WSJ’s Dion Rabouin unpacks the latest GDP report and explains what it says about the state of the economy. Photo: Li Jianguo/Zuma PressFederal Reserve officials have said for more than a year that beating inflation could require them to hold interest rates higher for longer than investors expected. The swift run-up in long-term Treasury yields—to around 5% from 4% in early August—suggests Wall Street now agrees. As a result, borrowing costs for U.S. businesses and households are rising in ways that could allow the Fed to suspend its historic run of interest-rate increases.

Persons: WSJ’s Dion Rabouin, Li Jianguo, — Organizations: Zuma Press Federal Reserve

☆ Here are 16 stocks Jim Cramer is watching, including Microsoft, Chevron, Southwest
▼ + stars: | 2023-10-30 | by ( Jim Cramer | ) www.cnbc.com time to read: +1 min

Here are some of the tickers on my radar for Monday, Oct. 30, taken directly from my reporter's notebook:Big Morgan Stanley note: Chief Investment Officer and Chief U.S. Equity Strategist Mike Wilson says breadth leads, doesn't like breadth. Fed not near easing interest rates. Nick Timiraos, chief economics correspondent for The Wall Street Journal, interesting article. Higher bond yields can tighten financial conditions. Piper Sandler calls release of Microsoft 365 Co-Pilot artificial intelligence assistant the "iPhone moment" for the software and cloud giant.

Persons: Big Morgan Stanley, Mike Wilson, Nick Timiraos, Piper Sandler, Western Digital Raymond James, Valley National Raymond James, Jim Cramer's Organizations: Chief U.S, Equity, Wall Street, Microsoft, Western Digital, Devices, Newell Brands Aerospace, JPMorgan, Valley National, Cisco Systems

☆ Does Strong Growth Fuel Inflation? Fed Debates Whether Old Model Still Applies
▼ + stars: | 2023-10-29 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Federal Reserve Chair Jerome Powell has said that the labor market is tight but loosening. Photo: saul loeb/Agence France-Presse/Getty ImagesSince Federal Reserve officials last raised interest rates in July, the economy is doing two things that central bankers don’t think it can sustain much longer: revving up activity and at the same time slowing inflation. It has set off a debate within the central bank about how closely it should follow its traditional models of the economy. The debate is unlikely to affect the outcome of its meeting this week, when the Fed is set to hold interest rates steady to provide more time to see the effects of their rapid increases over the past two years.

Persons: Jerome Powell, saul loeb Organizations: Agence France, Federal

☆ Inflation Trends Keep Fed Rate Hikes on Pause
▼ + stars: | 2023-10-27 | by ( Harriet Torry | Nick Timiraos | ) www.wsj.com time to read: 1 min

WSJ’s Dion Rabouin unpacks the latest GDP report and explains what it says about the state of the economy. Photo: Li Jianguo/Zuma PressInflation’s summer decline slowed last month. But inflation has improved enough recently for Federal Reserve officials to hold interest rates steady at their meeting next week. The personal-consumption expenditures price index, the Fed’s preferred inflation gauge, rose 0.4% in September from the prior month, the same pace as in August, the Commerce Department said Friday. So-called core prices, which exclude volatile food and energy categories, increased 0.3% in September, compared with a 0.1% rise in August.

Persons: WSJ’s Dion Rabouin, Li Jianguo Organizations: Zuma Press, Federal Reserve, Commerce Department

☆ Jerome Powell Signals Fed Will Extend Interest-Rate Pause
▼ + stars: | 2023-10-19 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

Speaking at the Economic Club of New York, Federal Reserve Chair Jerome Powell described the U.S. economy as ‘resilient’ and said he doesn’t believe monetary policy is too tight. Photo: Bess Adler/BloombergFederal Reserve Chair Jerome Powell suggested that he is pleased with inflation’s decline this summer and that the central bank is unlikely to raise interest rates again unless it sees clear evidence that stronger economic activity jeopardizes such progress. “Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said in prepared remarks for a Thursday lunchtime address in New York. “Incoming data over recent months show ongoing progress toward both” of the Fed’s goals to maintain stable inflation and strong employment.

Persons: Jerome Powell, Bess Adler, ” Powell Organizations: Economic, of New, Federal, Bloomberg Locations: of New York, U.S, New York

☆ Fed’s Jerome Powell Signals Extended Pause in Interest Rate Rises
▼ + stars: | 2023-10-19 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policy makers do next? Photo: Al Drago/Bloomberg NewsFederal Reserve Chair Jerome Powell suggested that he is pleased with inflation’s decline this summer and that the central bank is unlikely to raise interest rates again unless it sees clear evidence that stronger economic activity jeopardizes such progress. “Given the uncertainties and risks, and how far we have come, the committee is proceeding carefully,” Powell said in prepared remarks for a Thursday lunchtime address in New York. “Incoming data over recent months show ongoing progress toward both” of the Fed’s goals to maintain stable inflation and strong employment.

Persons: Al Drago, Jerome Powell, ” Powell Organizations: Fed, Bloomberg Locations: New York

☆ Why One Fed Official Is Ready to Stop Raising Rates
▼ + stars: | 2023-10-18 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

The Fed released its summary of economic projections at the latest FOMC meeting. What does it say about the current state of the economy and what will policy makers do next? Photo: Al Drago/Bloomberg NewsThe Federal Reserve should extend its pause on interest-rate increases because of growing evidence that higher borrowing costs will slow the economy despite recent signs of hiring and spending strength, a top central bank official said. Philadelphia Fed President Patrick Harker in a Tuesday interview said he thinks the central bank can likely wait until early next year to decide whether rapid rate increases over the past 20 months have done enough to keep inflation heading lower.

Persons: Al Drago, Patrick Harker Organizations: Fed, Bloomberg, Philadelphia Fed

☆ This Inflation Report Won’t Let the Fed Declare Victory
▼ + stars: | 2023-10-12 | by ( Gabriel T. Rubin | Nick Timiraos | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Fed Minutes Show Officials Divided on Future Rate Rise
▼ + stars: | 2023-10-11 | by ( Nick Timiraos | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/economy/central-banking/fed-minutes-show-officials-divided-on-future-rate-rise-e3ecba01

Persons: Dow Jones

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