jerome powell

According to Federal Reserve chairman Jerome Powell, the economy's too hot, inflation too high and so in response Wednesday, the committee raised the federal fund rate by 3/4 of a percentage point.  What do those higher rates mean for farmers and traders? ...

"At the Federal Reserve we are strongly committed to achieving maximum employment and price stability," said chairman of the Federal reserve, Jerome Powell, as he recently announced what could be the first of a series of interest rate hikes in 2022 ...

Federal Reserve Chair Jerome Powell told senators last week that banks remain in good shape to continue lending to farmers and ranchers. That’s despite deteriorating conditions across the agricultural economy.   “Our farm belt banks have a lot of experience in dealing with the issues farmers are confronting right now,” Powell said during a Senate Banking Committee hearing. “As a whole, the agri...

Federal Reserve Chairman Jerome Powell is open to cutting interest rates if necessary, due to trade disputes between the U.S. and others. Powell opened a Chicago Fed conference stating “we do not know how or when these issues will be resolved,” adding “we are closely monitoring the implications," according to Bloomberg News.   Powell s...

With the Federal Reserve hinting at leaving interest rates unchanged in 2019, the farm economy has one less chance for deterioration.  Low-interest rates have been cited as the reason the current farm economy has not reached the crisis seen in the 1980's.  Po...