News

US President Trump: (Regarding Iran) We have been informed of the events in Egypt.

US President Trump: United Airlines is involved in the (renovation) plan for Dulles Airport.

Federal Reserve Chairman Warsh: Tightening market conditions give us confidence that we can achieve our goals.

Fed Chairman Warsh: Between now and the end of the year, I am committed to continuing to hold press conferences this year.

U.S. President Trump praised Nvidia CEO Jensen Huang and Nvidia’s chips.

US President Trump: Nvidia CEO Jensen Huang is in the Oval Office now.

Federal Reserve Chairman Warsh: The market can be a very good source of information, but it is not a decisive source.

Federal Reserve Chairman Warsh: They keep us on our guard at all times.

Federal Reserve Chairman Warsh: We will not be restricted by market prices.

Federal Reserve Chairman Warsh: If you look at market prices from a macro perspective, they do not send a signal that "everything is normal". Instead, they indicate that financial conditions have tightened.

Federal Reserve Chairman Warsh: We are hearing the voices of families and businesses that are impatient.

Federal Reserve Chairman Warsh: Our judgment will be based on the opinions of the external working group, but will not be determined by it.

Federal Reserve Chairman Warsh: I am impressed by the qualifications of the heads of the various working groups.

Federal Reserve Chairman Warsh: We are responsible for the terms of reference given by the oversight committee and Congress.

Fed Chairman Warsh: I've known almost all of them (task force leaders) for a long time.

Fed Chairman Warsh: This is to see if new ideas can spark deeper discussions in the conference room.

Analysts say the Federal Reserve's decision to keep interest rates unchanged has cast a shadow over the prospects for rate hikes in September and beyond. Traders are now pushing back their expectations for a 25-basis-point rate hike to October, and confidence in the first two rate hikes next March is also waning.

Federal Reserve Chairman Warsh will hold a monetary policy press conference in ten minutes.

Market expectations indicate that the market is no longer fully pricing in a September rate hike by the Federal Reserve.

"Federal Reserve's mouthpiece" Nick Timiraos: The FOMC voted 9 in favor and 3 against to keep interest rates unchanged. Three regional Fed presidents voted against and advocated a 25 basis point rate hike. This is the first time since 2016 that the Fed has three unanimous dissenting votes in the same policy resolution.