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Amara Omeokwe

Amara Omeokwe

Federal Reserve and U.S. Economy Reporter at Bloomberg News - Washington Bureau

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Location
United States
Languages
  • English
Covering topics
  • Society
  • Politics
  • Finance & Banking Services

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Recent Articles

bloomberg.com

Ex-Fed Governor Kugler Resigned After Violating Trading Rules

Former Federal Reserve Governor Adriana Kugler, whose abrupt resignation allowed President Donald Trump to install an ally at the US central bank, violated Fed ethics rules and was subject to an internal probe when she stepped down in August, documents released Saturday showed.
bloomberg.com

Here Are the Five Contenders to Replace Powell as Fed Chair

Five contenders are still standing in the high-stakes race to be the next Federal Reserve chair.
bloomberg.com

Fed’s Loss of ADP Labor Statistics Adds to Data Vacuum

The Federal Reserve is no longer receiving data on private-sector employment from an independent provider, adding to policymakers’ lack of timely information on the economy amid the ongoing federal government shutdown.
bloomberg.com

Waller Says Fed Chair Interview Went Well, Labor Market Is Weak

Federal Reserve Governor Christopher Waller said job growth has probably been negative for the last few months and the labor market is now his biggest concern.
bloomberg.com

Fed’s Barr Calls for Caution Toward Additional Rate Cuts

Federal Reserve Governor Michael Barr called for a cautious approach toward further interest-rate cuts, emphasizing the possibility that tariffs will create persistent inflation.
bloomberg.com

Fed’s Miran Says He’d Adjust Inflation View If Rents Turn Higher

Federal Reserve Governor Stephen Miran said he’d amend his inflation view if housing costs unexpectedly jumped, conceding that his out-of-consensus opinion isn’t necessarily set in stone.
bloomberg.com

Fed Finally Gets Some Backup in Lonely Fight to Stave Off Trump

As the Federal Reserve fights for its independence in the face of a mounting assault from Donald Trump, it’s not been getting much help — at least until this week.
bloomberg.com

Fed’s Miran Says He Didn’t Promise Trump a Dissent on Rates

Federal Reserve Governor Stephen Miran said he hasn’t spoken to President Donald Trump since the central bank’s policy meeting this week, and didn’t promise the president he would vote a particular way on interest rates.
bloomberg.com

Fed Debate Turns to Pace of Cuts Amid Heavy Trump Pressure

The Federal Reserve is poised to resume cutting interest rates for the first time in nine months as it grapples with a slowing labor market, stubborn inflation and an unprecedented push by President Donald Trump for lower borrowing costs.
bloomberg.com

Fed Debate Turns to Pace of Cuts Amid Heavy Trump Pressure

The Federal Reserve is poised to resume cutting interest rates for the first time in nine months as it grapples with a slowing labor market, stubborn inflation and an unprecedented push by President Donald Trump for lower borrowing costs.
bloomberg.com

Fed’s Waller Sees Quarter-Point Cut in September, Then More

Federal Reserve Governor Christopher Waller again called for lower interest rates, saying he would support a quarter-percentage point reduction in September and anticipates additional cuts over the next three to six months.
bloomberg.com

Powell Has Reason to Hedge Jackson Hole Signal as Data Zigzags

Jerome Powell has the ideal platform Friday to deliver a clear signal the Federal Reserve is about to resume cutting interest rates. But the economy isn’t giving him an equally clear signal that now is the time.
bloomberg.com

Fed’s Waller, Bowman Cite Labor-Market Worries for Dissents

Federal Reserve Governors Christopher Waller and Michelle Bowman expressed concerns that the central bank’s hesitance to lower interest rates could risk unnecessary damage to the labor market.
bloomberg.com

Fed Governor Adriana Kugler to Resign Effective Aug. 8

Federal Reserve Governor Adriana Kugler will step down from her position on the central bank’s board, the Fed announced Friday, handing President Donald Trump a sooner-than-anticipated opportunity to install a new policymaker who aligns with his vision for interest rates.
bloomberg.com

Powell Bucks Pressure, Dissents in Showing Resolve on Inflation

Federal Reserve Chair Jerome Powell shrugged off pressure from the White House and rejected arguments for an interest-rate cut from two dissenting officials, maintaining that the central bank needed to stay on guard against inflation risk.
bloomberg.com

Fed Provides Media Tour of Renovation Site Ahead of Trump Visit

Federal Reserve staff led reporters on a tour of the $2.5 billion renovation of the central bank’s headquarters, hours before President Donald Trump is set to visit the project he and his allies have slammed as wasteful and extravagant.
bloomberg.com

GOP Senator Demands More Information From Fed Over Renovation

Senator Tim Scott has asked Federal Reserve Chair Jerome Powell to provide more information about the $2.5 billion renovation of the central bank’s headquarters in Washington, adding to mounting scrutiny the institution is facing over the project.
bloomberg.com

GOP Senator Demands More Information From Fed Over Renovation

Senator Tim Scott has asked Federal Reserve Chair Jerome Powell to provide more information about the $2.5 billion renovation of the central bank’s headquarters in Washington, adding to mounting scrutiny the institution is facing over the project.
bloomberg.com

Powell Letter Addresses White House Criticism of Fed Renovations

Federal Reserve Chair Jerome Powell in a Thursday letter countered criticisms leveled at the central bank by a top White House official over a $2.5 billion renovation project.
bloomberg.com

Trump Versus Powell: How Far Can He Push the Fed Chair?

The US president regularly blasts the central bank chair, whom he appointed. Now Trump’s allies appear to be building a case for firing him.
bloomberg.com

Trump Allies Open New Front With Powell Over Building Rehab

President Donald Trump and his allies have seized upon a new way to criticize the head of the US central bank: his handling of an expensive renovation of the Federal Reserve’s headquarters.