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Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation.
JPMorgan CEO Jamie Dimon on Tuesday urged the Federal Reserve to wait past June before cutting interest rates, arguing the central bank needs to shore up its inflation-fighting credibility.
Consumers increasingly doubt the Federal Reserve can achieve its inflation goals anytime soon, according to a survey Monday from the New York Federal Reserve.
NEW YORK -- Interest rate cuts are likely to come sometime this year, but the U.S. Federal Reserve wants to see more proof that inflation is cooling first, Fed Chairman Jerome Powell told lawmakers on Wednesday, warning of the risk of mistiming.
When investors think of the financial markets, the first thing that likely comes to mind is the stock market.
Inflation rose in line with expectations in January, according to an important gauge the Federal Reserve uses as it deliberates cutting interest rates.