Powell: Fed to Stay on Hold Amid Economic Uncertainty (Connecting the Dots: The Commercial Club of Chicago, The University of Chicago’s Booth School of Business, The Economic Club of Washington, The Carlyle Group, Jerome Powell, The Federal Reserve, The Economist & Soros Funding, All Networking)
Newsmax.com
Friday,
07 March 2025 12:43 PM EST
https://www.newsmax.com/finance/streettalk/inflation-economy-prices/2025/03/07/id/1201888/
The Federal
Reserve
is likely to keep its
key interest rate unchanged in the coming months as it waits for widespread
“uncertainty” stemming from President Donald Trump's policies to resolve, Chair
Jerome Powell said
in written remarks to be delivered Friday in New York.
Powell
said the Trump administration is making policy changes in several areas,
including trade, taxes, government spending, immigration and regulation, and
added that the “net effect” of those changes are what will matter for the
economy and the Fed's interest rate policies.
“While
there have been recent developments in some of these areas, especially trade
policy, uncertainty around the changes and their likely effects remains high,”
Powell said. “As we parse the incoming information, we are focused on
separating the signal from the noise as the outlook evolves. We do not need to
be in a hurry, and are well positioned to wait for greater clarity.”
Most
economists say that Trump's plans to slap tariffs on a wide array of imports,
including 25% duties on goods from Canada and Mexico that he partially delayed
Thursday, will push up prices and slow growth. But many also expect that tax
cuts and deregulation could boost the economy.
Powell
said the economy remains mostly healthy despite “elevated uncertainty.” He
characterized Friday's jobs report, which showed employers added 151,000 jobs
and the unemployment rate ticked up to 4.1%, as in line with the “solid” gains
of the past six months.
He also
noted that there were signs consumer spending has slowed compared with the
healthy gains in the second half of last year, and said surveys of consumers
and businesses “point to heightened uncertainty about the economic outlook.”
The
Fed's own beige book, a collection of anecdotes from hundreds of businesses,
mentioned uncertainty 47 times in its latest edition released Wednesday, up
from just 17 times in January. The Fed publishes the beige book eight times a
year.
Powell
spoke at a conference organized by the University of Chicago’s
Booth School of Business.
President
Donald Trump's on-again, off-again tariff policy and rapid-fire layoffs of
government workers has created a spike in uncertainty among businesses and
caused a sharp drop in consumer confidence. Many economists have marked down their estimates
for the economy's growth to as low as 1% at an annual rate in the first three
months of this year, down from 2.3% in last year's final quarter.
Wall
Street traders, as a result, have boosted their forecasts for rate cuts, with
futures pricing indicating they now expect three rate cuts by the Fed this
year, up from just one a month or so ago. Those rate reductions could help
bring down borrowing costs for mortgages, auto loans, credit cards, and
business loans.
Yet as
Fed governor Christopher Waller noted Thursday, there are “good news” cuts and
“bad news” cuts. “Bad news” cuts occur if the Fed reduces rates out of concern
that the economy is slowing, while “good news” reductions are those that
reflect a sense by the Fed that inflation is returning to its target of 2%.
Waller
added that he still believes it will be possible for the Fed to engineer “good
news” rate cuts later this year, though he dismissed the potential for a cut at
the Fed's next meeting this month.
After
cutting its key rate three times last year to about 4.3%, Powell indicated in
January that the Fed would pause any further cuts amid signs that inflation has
remained stuck above its target. The central bank's preferred inflation gauge
shows that prices rose 2.5% in January compared with a year ago. Excluding the
volatile food and energy categories, core prices rose 2.6%, the smallest
increase since June.
Connecting
the Dots:
Jerome H. Powell (Jay) is
the Chairman for the Federal Reserve System and was a
partner at the Carlyle Group.
Edward
J. Mathias is
a managing director at the Carlyle Group and a director at
the Economic Club of Washington.
David M.
Rubenstein is a co-founder & co-CEO for the Carlyle Group, the
president of the Economic Club of Washington, co-chairman
for the Brookings Institution (think tank) and Joe
Biden spent Thanksgiving with him.
Vernon E. Jordan
Jr. was the president of the Economic Club of Washington and
is an honorary trustee at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society.
Teresa Heinz
Kerry is an honorary trustee at the Brookings Institution
(think tank), Cameron F. Kerry’s sister-in-law and married to John
F. Kerry.
Cameron F. Kerry is
a fellow at the Brookings Institution (think tank), Teresa
Heinz Kerry’s brother-in-law, John F. Kerry’s brother and a
senior counsel at Sidley Austin LLP.
Cyrus
F. Freidheim Jr. is an honorary trustee at the Brookings
Institution (think tank) and a member of the Commercial Club of
Chicago.
Newton N. Minow is
a member of the Commercial Club of Chicago and a senior counsel
at Sidley Austin LLP.
Barack Obama was
an intern at Sidley Austin LLP.
Thomas A. Cole is
a partner at Sidley Austin LLP, a member of the Commercial
Club of Chicago and a trustee at the University of Chicago.
University
of Chicago Booth School of Business is a graduate school at the University of
Chicago.
Clifford S.
Asness is a member of the Commercial Club of Chicago, a
director at the International Rescue Committee, was a council
member for the University of Chicago Booth School of Business, a
leadership council member for the Robin Hood Foundation, is a
member of the Commercial Club of Chicago and a director at
the International Rescue Committee.
Foundation to Promote Open Society was a funder for the Robin
Hood Foundation and the International Rescue Committee.
George Soros was the chairman for the Foundation to Promote
Open Society.
International
Rescue Committee is a partner with the ONE Campaign.
Michelle
Obama was an
advocate for the ONE Campaign and a lawyer at Sidley Austin
LLP.
R. Eden Martin is
counsel at Sidley Austin LLP and the president of the Commercial
Club of Chicago.
John P. Amboian is a member of the Commercial Club of Chicago
and a council member for the University of Chicago Booth School of
Business.
Norman R. Bobins is
a member of the Commercial Club of Chicago and a council member for
the University of Chicago Booth School of Business.
John P. Calamos
Sr. is a member of the Commercial Club of Chicago and a
council member for the University of Chicago Booth School of Business.
Dennis H.
Chookaszian is a member of the Commercial Club of Chicago
and a council member for the University of Chicago Booth School of
Business.
James R.
Donnelley is a member of the Commercial Club of Chicago
and a council member for the University of Chicago Booth School of
Business.
James J. Drury
III is a member of the Commercial Club of Chicago and a
council member for the University of Chicago Booth School of Business.
John A. Edwardson is
a member of the Commercial Club of Chicago and a council member for
the University of Chicago Booth School of Business.
Lawrence I. Field is
a member of the Commercial Club of Chicago and a council member for
the University of Chicago Booth School of Business.
David W. Fox is
a member of the Commercial Club of Chicago and a council member for
the University of Chicago Booth School of Business.
Cheryl A. Francis is
a member of the Commercial Club of Chicago and a council member for
the University of Chicago Booth School of Business.
John P. Gould is
a member of the Commercial Club of Chicago and a professor at
the University of Chicago Booth School of Business.
Dennis J. Keller is
a member of the Commercial Club of Chicago and a council member for
the University of Chicago Booth School of Business.
William T. Lynch
Jr. is a member of the Commercial Club of Chicago and a
council member for the University of Chicago Booth School of Business.
Joseph D.
Mansueto is a member of the Commercial Club of Chicago and
a council member for the University of Chicago Booth School of Business.
Robert C.
McCormack is a member of the Commercial Club of Chicago
and a council member for the University of Chicago Booth School of
Business.
Paul E. Purcell is
a member of the Commercial Club of Chicago and a council member for
the University of Chicago Booth School of Business.
Fred G.
Steingraber is a member of the Commercial Club of Chicago
and a council member for the University of Chicago Booth School of
Business.
David J. Vitale is
a member of the Commercial Club of Chicago and a council member for
the University of Chicago Booth School of Business.
Clifford S.
Asness is a member of the Commercial Club of Chicago, a
director at the International Rescue Committee, was a leadership
council member for the Robin Hood Foundation and a council member
for the University of Chicago Booth School of Business.
Foundation to Promote Open Society was a funder for the International
Rescue Committee and the Robin Hood Foundation.
George Soros was the chairman for the Foundation to Promote
Open Society.
International
Rescue Committee is a partner with the ONE Campaign.
Michael R.
Bloomberg is an advocate for the ONE Campaign, the founder
of the Bloomberg Family Foundation and a donor for the Robin
Hood Foundation.
Bloomberg
Family Foundation was a funder for the Aspen Institute (think
tank).
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank) and the Brookings Institution (think
tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
David M.
Rubenstein was a benefactor at the Aspen Institute (think
tank), is the co-chairman for the Brookings Institution (think
tank), the president of the Economic Club of Washington, a
co-founder & co-CEO for the Carlyle Group and Joe Biden
spent Thanksgiving with him.
Vernon E. Jordan
Jr. is an honorary trustee at the Brookings Institution (think
tank) and was the president of the Economic Club of Washington.
Edward J. Mathias is
a director at the Economic Club of Washington and a managing
director at the Carlyle Group.
Jerome H. Powell (Jay)
was a partner at the Carlyle Group and is the Chairman for
the Federal Reserve System.
Federal
Reserve Bank of Chicago is a bank in the Federal Reserve
System.
Gregory Q. Brown is a director at the Federal Reserve Bank of
Chicago and a member of the Commercial Club of Chicago.
Charles L. Evans is the president & CEO for the Federal
Reserve Bank of Chicago and a member of the Commercial Club of
Chicago.
William C. Foote is
a director at the Federal Reserve Bank of Chicago and a member
of the Commercial Club of Chicago.
Terry Mazany is
a director at the Federal Reserve Bank of Chicago and a member
of the Commercial Club of Chicago.
Frederick H.
Waddell is a director at the Federal Reserve Bank of Chicago and
a member of the Commercial Club of Chicago.
Anthony K.
Anderson was a director at the Federal Reserve Bank of Chicago and
is a member of the Commercial Club of Chicago.
John A. Canning
Jr. was the chairman for the Federal Reserve Bank of Chicago and
is a member of the Commercial Club of Chicago.
Silas Keehn was
the president for the Federal Reserve Bank of Chicago and is a
member of the Commercial Club of Chicago.
Michael H. Moskow was
the president & CEO for the Federal Reserve Bank of Chicago and
is a member of the Commercial Club of Chicago.
Thomas J. Wilson was
a director at the Federal Reserve Bank of Chicago and is a
member of the Commercial Club of Chicago.
Valerie B. Jarrett was
a board member for the Federal Reserve Bank of Chicago, the senior
adviser for the Barack Obama administration, is a member of
the Commercial Club of Chicago and Vernon E. Jordan Jr’s great
niece.
Vernon E. Jordan
Jr. is Valerie B. Jarrett’s great uncle, an honorary trustee at
the Brookings Institution (think tank) and was the president of
the Economic Club of Washington.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society.
David M.
Rubenstein is co-chairman for the Brookings Institution (think
tank), the president of the Economic Club of Washington, a
co-founder & co-CEO for the Carlyle Group and Joe Biden
spent Thanksgiving with him.
Edward J. Mathias is
a director at the Economic Club of Washington and a managing
director at the Carlyle Group.
Jerome H. Powell (Jay)
was a partner at the Carlyle Group and is the Chairman for
the Federal Reserve System.
Paul A. Volcker was the chairman for the Federal Reserve
System, the president for the Federal Reserve Bank of New York
and a lifetime trustee at the Aspen Institute
(think tank).
John E. Sexton was
the chairman for the Federal Reserve Bank of New York, the chair
Council of Chairs for the Federal Reserve System and is a trustee
at the Committee for Economic Development.
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank) and the Committee for Economic Development.
George Soros was the chairman for the Foundation to Promote
Open Society.
Lee C. Bollinger is
a trustee at the Committee for Economic Development and was
the chairman for the Federal Reserve Bank of New York.
William J.
McDonough is a trustee at the Committee for Economic
Development and was the president & CEO for the Federal
Reserve Bank of New York.
Peter G. Peterson is
a trustee at the Committee for Economic Development and was
the chairman for the Federal Reserve Bank of New York.
Letitia James is the chair for the Committee
on Economic Development, the Attorney General of New York and
obtaining her Juris Doctor degree at Howard University.
Earl G. Graves is
a trustee at the Committee for Economic Development and a trustee
at Howard University.
Vernon E. Jordan
Jr. is a trustee at Howard University, an honorary trustee
at the Brookings Institution (think tank), Valerie B.
Jarrett’s great uncle and was the president on the Economic Club of
Washington.
Foundation to Promote Open Society was a funder for the Brookings
Institution (think tank).
George Soros was the chairman for the Foundation to Promote
Open Society.
David M.
Rubenstein is the co-chairman for the Brookings Institution (think
tank), the president of the Economic Club of Washington, a
co-founder & co-CEO for the Carlyle Group and Joe Biden
spent Thanksgiving with him.
Edward J. Mathias is
a director at the Economic Club of Washington and a managing
director at the Carlyle Group.
Jerome H. Powell (Jay)
was a partner at the Carlyle Group and is the Chairman for
the Federal Reserve System.
Paul A. Volcker was the chairman for the Federal Reserve
System, the president for the Federal Reserve Bank of New York
and a lifetime trustee at the Aspen Institute (think tank).
Foundation to Promote Open Society was a funder for the Aspen
Institute (think tank) and Refugees International.
George Soros was the chairman for the Foundation to
Promote Open Society, is a board member for the International
Crisis Group, a director emeritus for Refugees International and
the founder & chairman for the Open Society Foundations.
Open Society Foundations was a funder for the Atlantic
Council of the United States (think tank).
Mark
Malloch-Brown is a global board member for the Open Society
Foundations, a co-chair for the International Crisis Group, was
the vice chairman for Refugees International and a political
correspondent for The Economist.
The Economist is
a publication for the Economist Group.
Marjorie M.
Scardino was the CEO for the Economist Group and is a
director at the Atlantic Council of the United States (think tank).
The Economist is
a publication for the Economist Group.
Zanny Minton
Beddoes is an economics editor for The Economist and a
trustee at the Carnegie Endowment for International Peace (think tank).
Foundation to Promote Open Society was a funder for the Carnegie
Endowment for International Peace (think tank).
George Soros was the chairman for the Foundation to
Promote Open Society and is the founder & chairman for the Open
Society Foundations.
Open Society Foundations was a funder for the Carnegie
Endowment for International Peace (think tank).
Resources:
Past Research
Patent
Office Cancels 'Disparaging' Redskins Trademark Registration (Is Chicago
Playing the Indian Race Card? YES!) (Past Research
on the Chicago Booth School of Business)
Wednesday,
June 18, 2014
https://thesteadydrip.blogspot.com/2014/06/patent-office-cancels-disparaging.html
Powell
Would Not Resign as Fed Chief If Asked by Trump (Connecting the Dot: Jerome
Powell, Federal Reserve, the Carlyle Group, the Bretton Woods Committee, Janet
Yellen, the U.S. Department of the Treasury & Soros Funding, All
Networking) (Past Research on Jerome Powell)
Thursday,
November 7, 2024
https://thesteadydrip.blogspot.com/2024/11/powell-would-not-resign-as-fed-chief-if.html
Hours
After John Kerry Demands Green Transition Accelerated – His Emissions Closet
Swings Wide Open (Connecting the Dots: Cameron Kerry, John Kerry, Teresa Heinz
Kerry, Soros, the Climate Reality Project, the Brookings Institution (think
tank), the EPA and onto the FDA, Pfizer & Johnson & Johnson. It’s the
Network That Never Ends. One Project (Climate Change) Just bleeds into the Next
(Covid Project)) (Past on Cameron Kerry)
Thursday,
July 21, 2022
https://thesteadydrip.blogspot.com/2022/07/hours-after-john-kerry-demands-green.html
Dr.
Morton Halperin – J Street Education Fund (Connecting the Dots: J Street,
Morton Halperin, The Open Society Foundations, Newsmax’s Mark Halperin, Rhonda
(Randi) Weingarten, The ONE Campaign, MSNBC, ACLU, The Carnegie & Soros
Funding) (Past Research on the ONE Campaign)
Tuesday,
June 17, 2025
https://thesteadydrip.blogspot.com/2025/06/dr-morton-halperin-j-street-education.html
Jeb
Bush: Michael Bloomberg A ‘Good Man’ And A ’Patriot’ (Past
Research on the Bloomberg Family Foundation)
Sunday,
January 24, 2016
https://thesteadydrip.blogspot.com/2016/01/jeb-bush-michael-bloomberg-good-man-and.html
Smaller
Bites – David Rubenstein (Connecting the Dots: David Rubenstein, Joe Biden, The
Smithsonian Institution, Economic Club of Washington, The U.S. Supreme Court
& The Soros Funded Think Tanks, All Networking) (Past
Research on David Rubenstein)
Tuesday,
November 22, 2022
https://thesteadydrip.blogspot.com/2022/11/smaller-bites-david-rubenstein.html
Fed's
Goolsbee Sees Lower Interest Rates in a Year (Connecting the Dots: Austan D.
Goolsbee, Center for American Progress, The Federal Reserve Bank of Chicago,
The Federal Reserve System, The Commercial Club of Chicago, Jerome H. Powell
(Jay), The Carlyle Group, The Economic Club of Washington & Soros Funding,
All Networking) (Past Research on the Federal
Reserve Bank of Chicago & the Carlyle Group)
Saturday,
March 29, 2025
https://thesteadydrip.blogspot.com/2025/03/feds-goolsbee-sees-lower-interest-rates.html
New
York AG James Says Mortgage Fraud Allegations Are Baseless (Connecting the
Dots: Letitia James, Howard University, The Committee on Economic Development
Fannie Mae, Freddie Mac & Soros Funding, All Networking) (Past Research on Letitia James, Howard University &
The Committee on Economic Development)
Friday,
April 18, 2025
https://thesteadydrip.blogspot.com/2025/04/new-york-ag-james-says-mortgage-fraud.html
Biden
should legalize cocaine to ‘defang the gangs’: The Economist (Connecting the
Dots: The Economist, Mark Malloch-Brown, The Open Society Foundations &
Soros funded Think Tanks All Networking) (Past
Research on The
Economist)
Friday,
October 14, 2022
https://thesteadydrip.blogspot.com/2022/10/biden-should-legalize-cocaine-to-defang.html
The
Economist: American Police Too Militarized (Past
Research on the Economist & the Carnegie Endowment for International Peace
(think tank))
Monday,
March 24, 2014
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