Ann Saphir

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Federal Reserve Board Chairman Jerome Powell speaks during a press conference

Fed's Powell's Absence Of Specific Guidance Leaves Analysts To Fill The Gaps

After the U.S. central bank raised its policy target interest rate on Wednesday by three-quarters of a percent for the second month in a row, Federal Reserve Chair Jerome Powell did something he hasn't done since rate hikes began in March: He avoided putting exact numbers to the size of the next rate hike.
Jul 28, 2022
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019.

Fed's Barkin, Daly Dump Stocks, Bonds After Ethics Scandal

Two Federal Reserve presidents sold or plan to sell securities following an ethics scandal last year around the investment activities of two fellow central bankers that led to strict new limits on policymakers' securities portfolios, financial disclosures published Friday show.
Jun 24, 2022
Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019.

Fed's Barkin, Daly Exit Some Securities As Rules Revamped

Two Federal Reserve presidents sold or plan to sell securities in light of strict new limits on policymakers' investment portfolios, put in place after an ethics scandal last year involving trading activities of two fellow central bankers, financial disclosures published on Friday show.
Jun 24, 2022
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Fed's Evans: Another Big Rate Hike 'Reasonable' For July

Chicago Federal Reserve Bank President Charles Evans on Wednesday signaled he would likely back another big interest rate hike in July unless inflation data improves, saying the Fed's top priority is to "take the steam" out of price pressures.
Jun 22, 2022
A person shops at a Trader Joe's grocery store in the Manhattan borough of New York City, New York, U.S., March 10, 2022.

Bets Rise On Bigger Fed Rate Hikes As Inflation Sears

Stubbornly hot U.S. inflation is fueling bets that the Federal Reserve will need to get more aggressive on interest rate hikes to cool price pressures, with chances of a 75-basis-point rate hike seen rising and the policy rate expected to top 3% by year end.
Jun 10, 2022
A person shops at a Trader Joe's grocery store in the Manhattan borough of New York City, New York, U.S., March 10, 2022.

Fed Seen Raising U.S. Interest Rates Further To Battle Hot Inflation

Fresh data showing underlying U.S. inflation remained stubbornly hot in May are building a case for a longer string of sharp Federal Reserve interest rate hikes than previously expected, with policymakers primed next week to signal they will have to be more aggressive.
Jun 10, 2022
Shoppers are seen wearing masks while shopping at a Walmart store, in North Brunswick, New Jersey, U.S. July 20, 2020.

Fed Policymakers Map Out Shift To 'Measured' Hikes

Two U.S. central bankers say they expect the Federal Reserve to downshift to a more measured pace of policy tightening after July as it seeks to quell inflation without lifting borrowing costs so high that they send the economy into recession.
May 18, 2022
Federal Reserve Chair Jerome Powell (C) speaks with Chicago Fed President Charles Evans (L) and St. Louis Fed President James Bullard at the Federal Reserve Bank of Chicago, in Chicago, Illinois, U.S., June 4, 2019.

Powell's Fed Getting More Diverse, But Big Gaps Remain

By September, eight of the 18 officials who determine monetary policy for the world's biggest economy will be women and five will be people of color - both records - with more opportunities to diversify further in the months ahead.
May 16, 2022
An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013.

Traders Bet Fed To Go Bigger, But Mester Says Not So Fast

With expectations for a half-percentage point rate hike at the Federal Reserve's May meeting now locked in, traders on Friday piled into bets that the central bank will go even bigger in subsequent months, but one Fed policymaker pushed back, saying a more "methodical" approach was appropriate even in the face of too-high inflation.
Apr 22, 2022
Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020.

Fed's Evans: Half-point Hikes Likely, Shouldn't Go Too Far

Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings.
Apr 11, 2022
Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020.

Fed's Evans: Half-point Hike "worthy" Of Consideration

Chicago Federal Reserve Bank President Charles Evans on Monday signaled he would not necessarily oppose getting interest rates up to a neutral setting of 2.25% to 2.5% by the end of the year, a pace that would require a couple of 50 basis-point rate hikes at upcoming Fed meetings.
Apr 11, 2022
Chicago Federal Reserve Bank President Charles Evans looks on during the Global Interdependence Center Members Delegation Event in Mexico City, Mexico, February 27, 2020.

Fed's Evans Says 'Timely' Interest Rate Hikes Needed

The Federal Reserve needs to raise interest rates this year and next to bring down high inflation before it gets embedded in American psychology and becomes even harder to get rid of, Chicago Fed President Charles Evans said on Thursday.
Mar 24, 2022

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