Washington reporter for @marketplace. I chase stories at work, chase my twin boys at home. Tend veggie garden in between. DM me for signal number.
Joined April 2011
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As expected, the #FED kept interest rates unchanged. Not totally unexpected - there were two dissents. Fed governors Michelle Bowman and Christopher Waller wanted to cut by a quarter percentage point, per the Fed's statement: federalreserve.gov/monetaryp…
As expeded the #FederalReserve voted today to cut #interestrates by a quarter point. The vote wasn't unanimous though: federalreserve.gov/monetaryp…
The #FederalReserve says it's prepared to adjust the path of #InterestRates if risks emerge and it's keeping its eye on....."readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments."
As expected the #FederalReserve cuts #InterestRates by a quarter percentage point. This time the decision was unanimous. Here's the Fed's statement: federalreserve.gov/newsevent…
Nancy MarshallGenzer retweeted
Important reminder regarding “allow”
Section 10 of Federal Reserve Act says Fed Governors can be “removed for cause by the president”
Legal scholars see the “cause” as a serious misconduct or abuse of power, not disagreeing with the Fed’s non-partisan conduct of monetary policy
Hello @kcoleman - I'm a reporter with Marketplace. I'm on deadline. Could you please DM me your statement on the Center for Countering Digital Hate report? If you could get back to me quickly, I'd really appreciate it. Thanks.
You're getting bombarded with fundraising pleas from the presidential candidates. But do they really need your money at this point in the race? marketplace.org/2024/10/14/p…
Nancy MarshallGenzer retweeted
🚨#FOMC statement: "Go big or go home"
1⃣ Rate cut 50bps
2⃣ "Further progress" toward 2%
3⃣ Job gains "have slowed"
4⃣ Risks "roughly in balance"
5⃣ "The Committee has gained greater confidence that inflation is moving sustainably toward 2%
6⃣ One dissent for 25bps
The key sentence in the Fed's statement today on its decision to cut #InterestRates by a half point: "The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate." It's paying closer attention to the labor market.
Today's #FOMC decision to lower #InterestRates by a half point was not unanimous: "Voting against this action was Michelle W. Bowman, who preferred to lower the target range for the federal funds rate by 1/4 percentage point."
This line from the #FOMC statement on its #InterestRate decision today is key: "The economic outlook is uncertain, and the Committee is attentive to the risks to both sides of its dual mandate." This means they're paying more attention to rising #Unemployment
Nancy MarshallGenzer retweeted
The Federal Reserve has kept the benchmark interest rate at nearly 5.5% for a year now.
The Fed is opening the door to a September cut.
No surprise here - the #FederalReserve decided to leave interest rates unchanged. The decision was unanimous. Here's the Fed's statement: federalreserve.gov/newsevent…
Fed Chair Powell says today's CPI was encouraging but "We’ll need to see more good data to have more confidence" that #inflation is moving toward their 2% goal.
They're projecting just one cut in #InterestRates this year:
Nancy MarshallGenzer retweeted
JUST IN: The Federal Reserve predicts just ONE rate cut in 2024.
4 of the 19 Fed leaders predict NO CUTS
7 of the 19 Fed leaders forecast 1 cut
8 of the 19 forecast 2 cuts
The Federal Reserve decision to leave #InterestRates unchanged was unanimous. Here's the statement: federalreserve.gov/newsevent…
Just now from #FOMC Chair #Powell on #inflation "Further progress toward bringing it down is not assured, and the path forward is uncertain."
The presumption in the #FOMC statement is still a cut in #interest rates: "The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that #inflation is moving sustainably toward 2 percent."
