Fed Chairman Jerome Powell had dinner with President Donald Trump at the White House on Monday. It was the Fed chairman’s 66th birthday. The Federal Reserve said the two men discussed recent economic developments and the outlook for growth, employment, and
The Fed looked everywhere but in the mirror as it sought to understand market volatility in December.
What if they held a shut down and no one noticed?
Powell wanted to reassure markets that the Fed wouldn’t blindly march into higher rates.
Rep. Thomas Massie (R-KY) introduced a bipartisan bill on Thursday to audit the Federal Reserve, telling Breitbart News that Wall Street and investment banks might have undue influence on the nation’s central bank. President Donald Trump has supported auditing the Fed in the past.
Stephen Moore and Alfredo Ortiz write in RealClear Politics that the two successive interest rate increases imposed by the Federal Reserve threaten to stifle the huge financial gains of the last two years:
Thursday on CNBC’s “Mad Money,” host Jim Cramer said he did not trust the current Federal Reserve chairman, Jerome “Jay” Powell. Discussing the volatility in the stock market, Cramer said, “I need the Fed to shut up. I don’t trust
While speaking to reporters on Wednesday, White House Council of Economic Advisers Chair Kevin Hassett stated that Federal Reserve Chairman Jerome Powell’s job is completely safe. Hassett responded to a question on whether Powell’s job is safe by stating, “Yes, of
President Trump said he has confidence in Treasury Secretary Mnuchin and criticized the Fed for once again raising interest rates.
Stocks may well rebound in the new year. But for now, Jerome Powell has put a giant lump of coal in America’s Christmas stocking.
FFederal Reserve Chairman Jerome Powel revealed the Federal Open Market Committee (FOMC) brought the prediction down to two rate hikes in 2019 from three in light of the quarter percent rate hike announced Wednesday afternoon.
Federal Reserve Chairman Jerome Powell declared 2018 the “best year since the financial crisis” after revealing a late 2018 quarter percent rate hike Wednesday.
The Federal Reserve announced Wednesday afternoon, less than a week before Christmas, that the Fed will raise interest rates a quarter of a point, from 2.25 to 2.50 percent.
WASHINGTON (AP) — The Federal Reserve is raising its key interest rate for the fourth time this year to reflect the U.S. economy’s continued strength but signaling that it expects to slow hikes next year. The quarter-point hike, to a
“One and done” is now the market forecast of Fed interest rate hikes.
The futures market is no longer pricing in a rate hike in 2019.
Job Creators Network, one of the nation’s largest grassroots pro-jobs organization, is sending a clear message to Federal Reserve chairman Jerome Powell that he should scrap his previously planned interest rate hike.
The Fed chair’s position on rates has shifted dramatically over the last two months.
The Fed said it expected to hike rates three times in 2019. The market thinks it will only hike once.
“We hear a lot from business about higher costs, loss of markets. We see a rising chorus of concern,” Powell said. “It hasn’t shown up yet in the data.”
Bernie Marcus writes for RealClear Politics in opposition to the Federal Reserve’s threat to raise the interest rates for a fourth time this year.
During a portion of an interview with the Fox Business Network set to air on Tuesday’s “Trish Regan Primetime,” President Trump said the Federal Reserve is his “biggest threat” because the Federal Reserve is raising interest rates too quickly, a
Critics of the Trump administration’s tariffs have described them as “taxes on consumers.” So far, however, there is little sign the consumer prices are rising because of tariffs.
Report: Trump ‘Not Thrilled’ with Fed Chairman Powell Over Rate Hikes
“I don’t necessarily agree with it, because he’s raising interest rates … I don’t necessarily agree with it, and I must tell you I don’t, I’m not thrilled,” Trump said.
“The administration has said it is going for broadly lower tariffs, if that happens, that’s good,” Powell said.
The economy is doing so well that a bit of trade friction would not be bad. If it ever develops into a drag on the economy, it will simply balance out the boom created by the rise in confidence and the fall in taxes.
Federal Reserve chairman Jerome Powell wants to make America’s central bank easier to understand and more open to the public.
Fed policymakers on Wednesday announced an increase in federal funds rate target to a range of 1.50 percent to 1.75 percent.
“My personal outlook for the economy has strengthened since December,” Powell said. “I would expect the next two years on the current path to be good years for the economy.”
