#fed #interestrates #inflation #economy #stockmarket #finance #federalreserve
“The extent and timing of additional adjustments” is the phrase dividing the Federal Reserve.
The Federal Reserve decided to hold interest rates steady on Wednesday, marking Jerome Powell’s final meeting as the chair of the US central bank.
At the post-decision press conference, Powell announced he will stay on as a Fed governor after his tenure as chair ends.
In this recap of the week’s biggest Fed news, Josh Lipton (Yahoo Finance Host), Julie Hyman (Yahoo Finance Host), Jennifer Schonberger (Yahoo Finance Fed Correspondent), Gregory Daco (EY-Parthenon Chief Economist), Meera Pandit (JPMorgan Asset Management Global Market Strategist), Dennis Lockhart (Former Atlanta Fed President), and Myles Udland (Yahoo Finance Host) break down what happened, why multiple Fed officials dissented, and what it all means as the central bank prepares for a leadership transition.
Chapters:
00:00 Fed Holds Rates Steady (What Happened)
01:39 What The Fed’s Division Actually Means
03:03 Why Supply Shocks Are A Big Problem
05:29 Inflation Vs Growth Dilemma
07:32 What Markets Are Expecting Next
10:51 Big Picture: Fed Strategy Explained
11:00 Why The Decision Wasn’t Surprising
12:05 Is The Fed Pushing Back On New Leadership?
13:29 Oil Shock And Inflation Risk
17:29 How Powell Will Be Remembered
19:03 What This Means For The Next Fed Chair
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