Author: finadmin

“Inflation pressures are weighing on the economy”: Fed’s Paulson claims

“Inflation pressures are weighing on the economy”: Fed’s Paulson claims

Anna Paulson, President of the Federal Reserve (Fed) Bank of Philadelphia, said inflation is a drag on the United States (US) economy while discussing the economic outlook and regional trends at an event hosted by the Chamber of Commerce of Southern New Jersey on Friday. Key takeaways: Inflation pressures are weighing on the economy. Firms […]

British Pound recovers against the Japanese Yen as Bailey strikes a hawkish tone

British Pound recovers against the Japanese Yen as Bailey strikes a hawkish tone

GBP/JPY trims part of its earlier intraday losses on Friday as the British Pound (GBP) draws support from hawkish remarks by Bank of England (BoE) Governor Andrew Bailey. At the time of writing, the cross trades around 214.15 after recovering from an intraday low of 213.59. Speaking in Iceland, BoE Governor Andrew Bailey said that […]

Fed’s Bowman takes aim at Iran war

Fed’s Bowman takes aim at Iran war

Federal Reserve (Fed) Governor Michelle Bowman said progress on lowering inflation has stalled while discussing the economic outlook and monetary policy in a speech at a conference in Iceland on Friday. Bowman claimed that the longer the Iran war continues, the greater the risks to inflation become. Key takeaways: Progress on lowering inflation has stalled. […]