Powell

President Donald Trump's shortlist for the next Federal Reserve chair is heating up, fueling bets on deep rate cuts, pressuring the dollar and reigniting concerns over the Fed's long-guarded independence. According to a Wall Street Journal report, Trump is considering the following names to replace...

The Federal Reserve kept its fed funds rate steady at 4.25%-4.50% on Wednesday, a widely expected move that marks the third consecutive pause in interest-rate policy. "Uncertainty about the economic outlook has increased further," the Fed noted in its post-meeting statement. The May meeting was...

The Nasdaq 100 took a significant hit on Thursday, sliding 1.6% as investors adopted a cautious stance in anticipation of Federal Reserve Chair Jerome Powell’s much-anticipated speech at the Jackson Hole Symposium, scheduled for Friday at 10:00 a.m. ET. With market participants eagerly...

In a recent interview with CBS 60 Minutes, Federal Reserve Chair Jerome Powell downplayed the possibility of an impending recession, attributing the current economic conditions to distortions caused by the pandemic. The interview was broadcast on Sunday. What Happened: Powell stated, “I would...

Economist Peter Schiff slammed Federal Reserve Chair Jerome Powell’s recent comments about the central bank’s inflation policy, pointing out a perceived inconsistency in the application. What Happened: Schiff took to X, formerly Twitter, to express his views on the Fed’s inflation...

Richmond Federal Reserve President Thomas Barkin has outlined a strategy that involves slowing down the economy as the winning recipe to decisively win the ongoing battle against inflation. These insights took center stage during a recent conference call hosted by Market News International (MNI)...

Federal Reserve Chair, Jerome Powell, has highlighted the need for greater adaptability in the forecasting techniques used by Fed economists, moving beyond traditional mathematical models. What Happened: According to a report by Bloomberg, Powell emphasized the importance of intellectual rigor,...

Thursday marked a day of heightened caution in the financial markets, with volatility surging by approximately 10%, reaching levels not seen in six months. The CBOE Volatility Index, commonly referred to as the “fear index,” closed at 21.40, a level last seen on March 27, 2023. Chart:...

In a nail-biting hour of twists and turns, the financial markets took a wild ride as Federal Reserve Chair Jerome Powell sat for an interview with Bloomberg during an event organized by the Economic Club of New York. Powell’s remarks on Thursday afternoon triggered shifts among stocks,...

October kicked off with a familiar refrain, echoing the turbulence that characterized September. Once again, the persistent surge in Treasury yields takes center stage, creating an atmosphere of uncertainty and unease among traders. The 10-year Treasury yield has surged to 4.70%, while the 30-year...

The 10-year Treasury closed Tuesday at 4.37% yield, marking its highest level since Nov. 7, 2007 as investors brace for the upcoming Federal Reserve Open Market Committee (FOMC) rate announcement on Wednesday. September is poised to potentially become the fifth consecutive month of yield increases...

After a week of data-driven rollercoaster rides, all eyes are now firmly fixed on the upcoming Sept. 20 Federal Open Market Committee (FOMC) meeting. The FOMC is anticipated to maintain rates in the range of 5.25% to 5.5% during its September meeting, pushing the first rate cut further down the...

In a day marked by a chorus of voices from the Federal Reserve at the prestigious Jackson Hole Symposium, a wide range of opinions echoed through the financial corridors. As Fed Chair Jerome Powell struck a more hawkish tone, indicating the readiness to further hike rates if circumstances dictate,...

Following Federal Reserve Chair Jerome Powell’s opening remarks at the Jackson Hole Symposium, Patrick Harker, president of the Federal Reserve Bank of Philadelphia, offered his perspective. Harker’s message took a more dovish turn compared to the board chairman’s stance, which...

Investors are eagerly anticipating Wednesday’s 2:00 p.m. ET release of the minutes from the latest Federal Open Market Committee (FOMC) meeting held on July 25-26. At the July FOMC meeting, policymakers opted for a 0.25% rate hike, pushing rates to 5.25-5.5%, following a brief pause in June,...