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Friday, January 24, 2020

Jerome Powell

JEROME POWELL NEWS

Federal Reserve prepares to pause after third rate cut

October 30, 2019 10:52 am

Federal Reserve chairman Jerome Powell will likely use his press conference to communicate that message of a pause while emphasizing flexibility if the economic outlook shifts significantly.

Federal Reserve cuts key rate for first time in more than a decade

August 01, 2019 7:28 am

The Dow Jones Industrial Average tumbled to finish down 333 points, or 1.2%. The yield on the 10-year Treasury note fell to 2.01% from 2.06% late Tuesday, a sharp drop. 

Jerome Powell says Federal Reserve insulated from politics, wrestling with rate cuts

June 26, 2019 7:20 am

Donald Trump said on Twitter Monday that the Federal Reserve "doesn’t know what it is doing," adding that it "raised rates far to fast" and "blew it" given low inflation and slowing global growth.

Explained: What is expected today at US Fed Reserve meeting, how it will impact India

June 19, 2019 8:33 pm

In light of the recent escalation of the US-China trade war and tepid economic data, this month’s FOMC meeting is being more closely watched than usual.

Trump asked White House lawyers for options on removing Jerome Powell: report

June 19, 2019 6:53 am

In February, the White House counsel’s office examined the legality of stripping Powell of his chairmanship and leaving him as a Fed governor, less than two months after Trump discussed firing him, the people said.