Marketmind: BOJ waxes hawkish but Powell at centre stage
A look at the day ahead in European and global markets from Rae Wee Signs of a hawkish tilt by the Bank of Japan prodded a bit of life out of that…
Fed’s Powell: A September rate rise is possible if data warrants action
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Wednesday at a press conference it’s possible the central bank will follow its latest rate rise with another…
US House oversight panel asks Fed’s Powell for SVB documents
(Reuters) – The Republican-led U.S. House of Representatives Oversight Committee on Monday asked Federal Reserve Chair Jerome Powell to hand over confidential documents related to the central bank’s supervision of failed Silicon…
Powell Says Interest Rate Hike Is Coming, Despite Pause Last Week
Powell Says Interest Rate Hike Is Coming, Despite Pause Last Week Jake Smith on June 21, 2023 Federal Reserve Chairman Jerome Powell said in a Wednesday statement that an increase in interest…
Marketmind: Hawkish Powell keeps markets on defense
By Alden Bentley (Reuters) – A look at the day ahead in Asian markets from Alden Bentley, Breaking News Editor for Finance & Markets, Americas. The week’s main attraction, Fed Chair Jerome…
Powell says he expects dollar to remain global reserve currency
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve currency as long as democratic institutions and the rule of law remain…
Powell: Fed inflation fight “has a long way to go”
NEW YORK (Reuters) – The Federal Reserve’s fight to lower inflation back to its 2% target “has a long way to go,” Federal Reserve Chair Jerome Powell said on Wednesday in testimony…
Marketmind: Powell patter, UK shock, FedEx warning
A look at the day ahead in U.S. and global markets from Mike Dolan The Fed chair has a tricky message to communicate. Jerome Powell’s testimony to Congress later on Wednesday will…
Fed’s Powell appears to see plenty of room to run on balance sheet drawdown
By Michael S. Derby WASHINGTON (Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that financial conditions are likely to allow the central bank to press forward with the drawdown of…
Fed’s Powell: July FOMC will be a ‘live’ meeting
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said the central bank’s next rate-setting meeting in July would be a “live” meeting after officials chose to forego a rate hike in…
Fed’s Powell says tighter credit conditions ease rate hike pressure
NEW YORK (Reuters) – Federal Reserve Chairman Jerome Powell said Friday that the aftereffects of recent banking sector troubles takes some pressure off the U.S. central bank to raise rates. Tighter credit…
Americans’ confidence in Powell hits a low mark for a Fed chief, poll shows
(Reuters) – Americans’ confidence in Federal Reserve Chair Jerome Powell’s economic stewardship has skidded to the lowest of any recent U.S. central bank head, according to a Gallup poll released Tuesday that…
Would Fed’s Powell go full ‘loathsome’ to buffer against a debt default?
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, asked on Wednesday about what the Fed would do in the event of a U.S. debt default, repeated the mantra of…
Marketmind: Deja vu for Powell, as bank and debt fears revive
A look at the day ahead in European and global markets from Ankur Banerjee For the second time this year, Fed Chair Jerome Powell will take the stage in the wake of…
Marketmind: What Powell giveth, Yellen taketh
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Asian open on Thursday may hinge on which of the conflicting narratives thrown up…
Bank deposits have stabilized in last week, Powell says
(Reuters) – Deposit flows in the U.S. banking system have stabilized in the last week after a historic run on deposits at Silicon Valley Bank prompted its collapse and forced finance officials…
Fed’s Powell: Rate pause was considered due to bank issues
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday that officials considered not raising interest rates at its meeting due to banking system stress following the collapse of Silicon…
Fed’s Powell says he welcomes probes into banking problems
(Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday that he expects and welcomes outside investigations into the banking woes that kicked off with the collapse of Silicon Valley Bank. “It’s…
Fed’s Powell: Process of disinflation is still happening
(Reuters) – Federal Reserve Chairman Jerome Powell said on Wednesday the process of weakening inflation is still happening slowly but it is unclear what impact the latest round of banking sector trouble…
Marketmind: Hoping Powell sheds light in fog of uncertainty
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. 25, no change, or maybe 50? Every Fed meeting is the most important since the…
Few signs of US companies curbing profits after Powell says it could cool inflation
By Jessica DiNapoli NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said this week inflation could fall if companies curbed their profits – but the biggest U.S. retailers and consumer products…
Instant View: Powell talks tough again, but says no call made on stepping up hikes
NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell on Wednesday reaffirmed his message of higher and potentially faster interest rate hikes, but emphasized that debate was still underway and a decision…
Fed’s Powell: No call made yet on size of March rate rise
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that officials have not yet made a call on the size of the rate increase they are…
Factbox-Fed rate watch: Powell fuels bets of longer hike cycle, higher rates
(Reuters) – As the U.S. economy holds up better than expected in the face of aggressive interest rate hikes, markets have started pricing in a higher peak rate as the Federal Reserve…
Marketmind: Breathtaking Powell jolts
A look at the day ahead in U.S. and global markets from Mike Dolan It’s hard to overstate the market impact of Tuesday’s hawkish congressional testimony from Federal Reserve Chair Jerome Powell…
Marketmind: The perils of not keeping up with Powell
By Wayne Cole (Reuters) – A look at the day ahead in European and global markets from Wayne Cole Hey Jay, why don’t you say what you really think? That’s been Asia’s…
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