Jim Cramer says there's "no cause" for the Federal Reserve to raise interest rates four more times and calls on the central bank to take its time. » Read More
By: Jeff Cox
President Donald Trump shouldn't be criticizing independent federal agencies like the Federal Reserve, his former top economic advisor Gary Cohn says. » Read More |
An unemployment rate so low that companies struggle to find and hire workers is "fantastic for our great country," says CNBC's Jim Cramer. » Read More |
By: Jeff Cox
Former Fed vice chairman Stanley Fischer said Thursday that the central bank might be tempted to raise rates even more aggressively to show that it can't be influenced by the White House. » Read More |
The Fed has signaled it could raise rates 3.5 percent by 2020.
Short-term Treasury rates climbed to multiyear highs on Thursday after the Federal Reserve's latest meeting minutes showed members confident in the current path of interest rate hikes and wary of frothiness in financial markets.
"You'll find every president has an insight into how the markets work," says the former Fed chairman whose tenure spanned four administrations.
Greenspan suggests the nearly 50-year low unemployment rate coupled with American corporations clamoring for workers will force up wages and inflation.
Minutes from the U.S. Federal Reserve's meeting in September released Wednesday showed that the central bank was committed to a path of gradual rate hikes to steady the economy.
Jim Cramer points to "pockets of weakness" in the U.S. economy and questions the Federal Reserve's plans to hike rates three more times in 2019.
Trump likes to say "quite amazing things," but if he starts to do things that hurt the Fed, that could be bad, says Frederic Mishkin, former Federal Reserve governor.
The Federal Reserve has been telegraphing to the market that it intends to keep raising rates both to stave off high inflation and to prevent financial markets from getting unhinged. The market seems to stop reading after the "inflation" part.
"I don't have any problem with the President speaking on monetary policy. I think there has been too much of this hidden rule that the President is not supposed to speak on monetary policy," said Paul McCulley, former Pimco chief economist.
Officials remain convinced that continuing to gradually increase interest rates is the best formula to preserve a steady economy, according to minutes released Wednesday, despite what the president thinks.
Jim Cramer explains what led the market to soar on Tuesday after days of selling and says the strength can last if the Fed behaves accordingly.
President Donald Trump on Tuesday escalated his assault on the Federal Reserve, calling it "my biggest threat."
Tighter monetary policy from the Federal Reserve is starting to drag on economic activity in the United States, according to an executive from the world's largest hedge fund.
"What the bulls need right now more than anything else is for the Federal Reserve to be proven wrong," CNBC Jim Cramer says.
Jim Cramer breaks down why last week's sell-off is making Yum Brands' stock an attractive buy into weakness.
Jim Cramer explains why a surge in a stock like Clorox can mean bad news for the broader economy.
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