financetom
Economy
financetom
/
Economy
/
Federal Reserve Watch for March 24: Bostic Sees Only Rate Cut This Year
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Federal Reserve Watch for March 24: Bostic Sees Only Rate Cut This Year
Mar 24, 2025 12:09 PM

02:45 PM EDT, 03/24/2025 (MT Newswires) -- Atlanta Fed President Raphael Bostic (nonvoter) said in an interview with Bloomberg that the FOMC may only cut rates once in 2025 due to heightened uncertainty, rising inflation expectations and a "bumpy" outlook for the inflation path for this year.

Recent comments of note:

(March 21) New York Fed President John Williams (voter) said there is a high degree of uncertainty in the economic outlook, but monetary policy is well-positioned no matter how the situation evolves to support the Fed's dual goals of maximum employment and lowering inflation to the 2% goal.

(March 21) Chicago Fed President Austan Goolsbee (voter) said in a CNBC interview that uncertainty and anxiety remain high and that the FOMC will act cautiously when determining monetary policy but added that he expects rates will be cut further when the outlook becomes more clear.

(March 19) The FOMC held the current range of the federal funds rate at 4.25% to 4.50% and still sees two rate cuts in each of the next two years and one in 2027 but increased its inflation forecasts for 2025 and lowered its growth forecast due to uncertainty. The FOMC will now allow up to $5 billion of Treasury securities to roll off its balance sheet, down from $25 billion previously, with Fed Governor Christopher Waller dissenting, wanting the pace of roll offs to remain.

(March 19) Fed Chairman Jerome Powell (voter) said that the FOMC does not need to rush to lower interest rate, particularly due to the heightened uncertainty around the economy in general and tariffs. Powell added that it is difficult to determine the exact impact of tariffs on inflation expectations but conceded that it was likely a "good part" of it and that the FOMC will wait for more clarity before adjusting rates.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top Stories at Midday: Powell's Inflation Remarks; January US Hiring Falls; Palantir's Army Contract; CrowdStrike Rises on Fiscal Q4 Results; Meta Faces Scrutiny Over Scammers
Top Stories at Midday: Powell's Inflation Remarks; January US Hiring Falls; Palantir's Army Contract; CrowdStrike Rises on Fiscal Q4 Results; Meta Faces Scrutiny Over Scammers
Mar 6, 2024
12:19 PM EST, 03/06/2024 (MT Newswires) -- Wall Street's major market averages rose Wednesday afternoon as traders digested Federal Reserve Chair Jerome Powell's remarks on inflation and interest rates. Powell said the Federal Open Market Committee would like to gain more confidence that inflation is slowing sustainably toward the goal before carefully and thoughtfully contemplating rate cuts, a luxury that...
Fed's Powell: Don't expect a soft landing victory lap
Fed's Powell: Don't expect a soft landing victory lap
Mar 6, 2024
WASHINGTON (Reuters) - The soft landing, it appears, will not be televised. At least it won't be announced, declared, or advertised, Federal Reserve Chair Jerome Powell told members of the U.S. House Financial Services Committee in testimony that wove around direct mentions of the upcoming presidential election and efforts to pull him into disputes over fiscal spending, energy policy, and...
Fed 'focused and resolute' on beating inflation, Daly says
Fed 'focused and resolute' on beating inflation, Daly says
Mar 6, 2024
(Reuters) - San Francisco Federal Reserve Bank President Mary Daly on Wednesday said the U.S. central bank is committed to finishing the job on attaining price stability, particularly with rising housing costs a key driver of higher inflation. This burden has fallen especially harshly on those least able to afford it, Daly said in remarks prepared for delivery at conference...
Column-Sturdy US private finances bolster 'no landing' view: McGeever
Column-Sturdy US private finances bolster 'no landing' view: McGeever
Mar 6, 2024
ORLANDO, Florida (Reuters) - Murmurs are growing that the Federal Reserve might resist cutting interest rates at all this year as corporate and household balance sheets look to have taken only a glancing hit from rate hikes to date. While nominal debt levels are high and 500 basis points of cumulative hikes may yet open pockets of distress, companies and...
Copyright 2023-2025 - www.financetom.com All Rights Reserved