(Bloomberg) -- Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be ...
-- Federal Reserve Bank of Cleveland President Loretta Mester said monetary policy is in a good place, adding that the central bank shouldn’t be in a hurry to cut interest rates.Mester said she still expects inflation will fall further but that she wants to see more data to gain confidence it’s moving back toward the Fed’s 2% target. A strong economy and robust labor market are giving the Fed room to be patient with policy, she said.
There “is a lot of financial market activity and a lot of continued growth that we wouldn’t have expected if policy was sufficiently tight,” Bowman said Wednesday. “I think it is restrictive. I think time will tell whether it is sufficiently restrictive.” -- Federal Reserve Chair Jerome Powell is making life tougher for his peers around the world as the prospect of higher-for-longer US interest rates reduces room for easier policy elsewhere.
Lawyers for former President Donald Trump said his $175 million bond posted to satisfy the judgement in the New York civil fraud case is financially sound, and they asked the judge to set aside the attorney general’s challenge to the bond and award him costs and fees.Trump trial update: Trump rebuked by judge for speaking during jury selection — and 7 jurors are seated
An accounting firm hired to vet Truth Social's financials quit after less than a year because it no longer wanted to be linked to Trump: FT
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