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Top related persons:
Claudia Sahm - 2 Sahm - 2 Jerome Powell - 2 William McChesney Martin Jr - 2 — - 1 we're - 1 CNBC's - 1 Dario Perkins - 1
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Washington , DC U.S
Top related orgs:
CNBC - 2 New Century Advisors - 2 Federal Reserve - 2 Federal - 1 U.S . Federal - 1 New - 1 Lombard - 1 National Bureau of Economic Research - 1

Search resuls for: "William McChesney Martin Jr"


3 mentions found


☆ Everyone is talking about the Sahm recession indicator. Here’s what you need to know
  + stars: | 2024-08-05 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com   time to read: +4 min
A weaker-than-expected July jobs report on Friday officially triggered the Sahm rule. "We are not in a recession now — contrary the historical signal from the Sahm rule — but the momentum is in that direction," Sahm told CNBC by email on Friday. That frankly is not good enough, we can do better than avoiding a recession," Sahm told CNBC's "The Exchange." Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. In mid-June, Sahm told CNBC that the U.S. central bank risked tipping the economy into contraction by not cutting interest rates sooner.
Persons: Claudia Sahm, Sahm, —, we're, CNBC's, Dario Perkins, Perkins, Jerome Powell, William McChesney Martin Jr, Andrew Harnik Organizations: Federal, CNBC, U.S . Federal, New Century Advisors, New, Lombard, National Bureau of Economic Research, Federal Reserve, Getty, U.S Locations: U.S, Washington , DC
☆ Markets are clamoring for the Fed to start cutting soon: 'What is it they're looking for?'
  + stars: | 2024-08-01 | by ( Jeff Cox | ) www.cnbc.com   time to read: +2 min
Federal Reserve Chairman Jerome Powell arrives to speak at a news conference following a Federal Open Market Committee meeting at the William McChesney Martin Jr. Federal Reserve Board Building on July 31, 2024 in Washington, DC. If the Federal Reserve is starting to set the table for interest rate reductions, some parts of the market are getting impatient for dinner to be served. Claudia Sahm, chief economist at New Century Advisors, said on CNBC just after the Fed concluded its meeting Wednesday. The Fed needs to start that process back gradually to normal, which means gradually reducing interest rates." If the inflation job is done, or we're on that glide path, it's OK, the Fed can start stepping aside."
Persons: Jerome Powell, William McChesney Martin Jr, Claudia Sahm, Sahm Organizations: Federal Reserve, New Century Advisors, CNBC, Fed Locations: Washington , DC
☆ Aggressive Fed hikes rates another 75 bp, surprising no one
  + stars: | 2022-09-21 | by ( ) www.reuters.com   time to read: +8 min
So this is a pretty hawkish 75 basis point increase when it comes to how the text reads." What it's telling us is that the Fed is expecting to rates to continue to move higher into 2023." There's a camp that says whatever the Fed guides to has typically been the floor and not the ceiling. This communication is basically signaling that the Fed's going to continue to be aggressive and remain hawkish. Not only did the Fed hike another unusually large 75 bps today, it is basically saying it will do it again in November.
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