Jerome Powell - Page 7

Sen. Jon Tester (D-MT) said President Joe Biden should renominate Federal Reserve Chairman Jerome Powell, countering demands from the radical left Democrat “squad” that the administration should nominate a new chair with more radical views.

Vulnerable Democrats running for reelection or higher officer in the midterms are bracing for Republican attacks on the rising inflation during the August recess when members are doing district work.

Powell pointed out that the second wave of infections that hit last summer had less of an economic impact than expected, in part because the states did not impose as severe lockdowns and because many households and businesses had adjusted to better deal with the pandemic.

Powell said Wednesday that “people need to have faith” that the Fed can stop inflation if it gets too high.

A study by a trio of economists shows that the narrative accompanying official Federal Reserve forecasts can be used to predict economic surprises.

Federal Reserve Chairman Jerome Powell said Friday climate change is a threat to the global economy and called for the United States to lead a coordinated response to that threat.

The Federal Reserve on Wednesday acknowledged recent progress in employment and economic growth while saying it would keep its interest rate target near zero.

The Fed chair sounded a bit more upbeat about the progress of the economic recovery on Tuesday.

Federal Reserve Chair Jerome Powell emphasized the damage the economy has suffered due to the pandemic and stressed that there was still a long way to go to a full recovery.

The yield curve—the difference in yields for short-term and long-term debt—has sharpened dramatically in recent weeks as investors have sold off bonds maturing five-years or more into the future while shorter-term bonds have held steady.

In a speech in New York Wednesday, Fed chair Jerome Powell downplayed the risks of inflation and urged lawmakers to embrace higher spending to restore the labor market.

“We have not won this yet. We need to stay focused on it as a country and get there,” Fed chair Jerome Powell said

Trump was lambasted for criticizing the Fed. But as he leaves office, it’s clear Trump won his fight over monetary policy.

Fed officials project the economy will contract 6.5 pecent this year before returning to grow at the fastest pace since the 1980s next year.

The economic downturn from the novel coronavirus pandemic is “without modern precedent” and “significantly worse than any recession” the U.S. has experienced since World War II, U.S. Federal Reserve Chairman Jerome Powell told a Senate panel on Tuesday.

Far more Americans are worried that inflation will go higher than are worried about unemployment going higher over the next 6 months.

The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.

During a Thursday interview on NBC’s “Today,” Federal Reserve Chairman Jerome Powell discussed the risks taken to help the economy amid the coronavirus pandemic.

The Fed will deploy a new round of large scale bond purchases to combat the economic toll of the coronavirus.

The U.S. Federal Reserve announced Sunday evening that it would slash interest rates to near-zero and buy billions of dollars in bonds in an effort to protect the U.S. economy from the ongoing effects of the coronavirus outbreak.

The futures market now implies that there is a 100% chance the Fed will cut rates by 50 basis points by the end of the next meeting.

In a rare unscheduled statement, Fed chair Powell sent a signal to financial markets that the Fed is taking the coronavirus threat seriously.

Powell added that the Fed is “very carefully monitoring the situation.”

President Donald Trump on Monday confirmed he met Federal Reserve Chairman Jerome Powell at the White House to discuss monetary policy.

Stocks moved higher despite impeachment inquiry, China trade deal worries, and Fed chair Powell standing pat.

“We should have lower interest rates than Germany, Japan and all others,” Trump tweeted on Thursday morning.

Fed chair Jerome Powell cut rates and promised he would only hike if inflation posed a significant threat.

The Fed delivered the quarter-point cut that the market expected on Wednesday.

The market is all but certain Federal Reserve officials will cut interest rates at the end of their two-day meeting this week. But what comes next is anyone’s guess.

Trump described the Fed’s move to cut rates by only one quarter of a percentage point as a failure of vision.

The Fed moved its benchmark short-term rate target to a range between 1.75 percent and 2 percent Wednesday.

“Political factors play absolutely no role in our process, and my colleagues and I would not tolerate any attempt to include them,” Powell said.

President Donald Trump has been projecting a sense of uncertainty and frustration. He needs to do the opposite, and project reassurance and leadership.

President Donald Trump has launched an unprecedented economic campaign to free America from the world’s most cancerous economy. However, Federal Reserve Chairman Jerome Powell is helping China survive it through policies seemingly designed to undermine Trump and help the left.

Americans for Limited Government (ALG) President Rick Manning released a statement Tuesday, slamming former New York Federal Reserve President Bill Dudley’s call for the Fed to consider how their policies will impact the 2020 election.

Former New York Federal Reserve President Bill Dudley urged Tuesday his former colleagues not to help President Donald Trump in his trade war against China. He even urged the central bank to consider how its monetary policy might impact the 2020 presidential election.