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-0.000275951476988691 -0.000926011667747092 -0.00185202333549405 0.000835262524307768 -0.00259283266969165 -0.00398185017131222 -0.00500046300583393 -0.0100009260116677
Stock impact report

Kevin Warsh testifies that the Federal Reserve will remain "strictly independent" [CBS News]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: CBS News
Tuesday that the central bank will remain "strictly independent" in setting monetary policy. Warsh's opening statement comes after Mr. Trump has repeatedly criticized Powell for not cutting interest rates at a faster pace. At the same time, Powell has steadfastly maintained that the Fed's interest rate and other policy decisions should be based on economic data, while resisting political pressure from elected officials. "Monetary policy independence is essential," Warsh told the Senate Banking Committee. "I am committed to ensuring that the conduct of monetary policy remains strictly independent." The issue of Fed independence has grown more pressing in recent weeks, as the Iran war has driven U.S. energy prices higher, pushing inflation to its fastest pace in almost two years. Hawk to dove? In recent months, Warsh has signaled support for cutting the Fed's benchmark interest rate, suggesting that AI could help keep prices down by accelerating economic productivity — a "dovi Show less Read more
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