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 to speak on Aug. 26 at Jackson Hole conference
(Reuters) – Federal Reserve Chair Jerome Powell will address the annual global central banking conference in Jackson Hole, Wyoming, on Aug. 26, a highly anticipated speech that could signal how high U.S.…
Column – Fed’s Powell could use Jackson Hole to flesh out QT thinking: McGeever
By Jamie McGeever ORLANDO, Fla. – The U.S. Federal Reserve’s plan to unwind its bond-bloated balance sheet has taken a backseat to its dramatic interest rate hikes of recent months – but…
Fed Chair Powell had flurry of policymaker meetings a day before June rate decision
(Reuters) – U.S. Federal Reserve Chair Jerome Powell had a flurry of activity with his rate-setting colleagues one day before the central bank’s June policy meeting, when it pivoted last-minute to a…
Powell says markets have been orderly as Fed has hiked rates
NEW YORK – Federal Reserve Chair Jerome Powell on Wednesday said he has been gratified to see that financial markets have behaved in an orderly way as the U.S. central bank has…
Fed’s Powell does not believe U.S. economy is in recession right now
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said he did not believe the U.S. economy is currently in a recession but it is softening and the path for the Fed…
Fed’s Powell: Time to go ‘meeting by meeting’ with guidance
(Reuters) – The lack of clear visibility into the future trajectory of the economy means the Federal Reserve can provide reliable guidance about where its policy is headed only on a “meeting…
Fed’s Powell: Another ‘unusually large’ rate increase may be warranted at next meeting
(Reuters) – Another “unusually large” increase in interest rates may be appropriate at the Federal Reserve’s September meeting, but the decision will be determined by the incoming economic data between now and…
Analysis – Biden, Democrats need moderate Republican Powell to fight inflation
By Trevor Hunnicutt WASHINGTON – Ahead of a crucial midterm election, U.S. President Joe Biden is leaning heavily on one man, moderate Republican and Federal Reserve Chair Jerome Powell, to tackle the…
Powell Admits That Fighting Inflation Could Lead To Recession
Powell Admits That Fighting Inflation Could Lead To Recession Max Keating on June 30, 2022 The Federal Reserve’s efforts to tamp down on inflation may lead to an economic recession, Fed Chair…
European stocks bounce off lowest in more than a year after Powell remarks
By Sruthi Shankar and Susan Mathew (Reuters) -European stocks bounced off session lows on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. central bank is “strongly committed” to bringing down…
Fed’s Powell: a U.S. digital dollar could help maintain international primacy
(Reuters) – The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday,…
Missing Juvenile – Noormyjah Powell – From the 1st District
PHILADELPHIA, PA – The Philadelphia Police Department is requesting the public’s assistance in locating missing juvenile Noormyjah Powell. Noormyjah was last seen at her residence on the 1700 block of Snyder Avenue…
Fed Chair Powell to testify at Senate June 22, Barr vote set for June 8
(Reuters) – Federal Reserve Chair Jerome Powell will give his twice-yearly report on monetary policy to the U.S. Senate on June 22, just a week after the central bank is expected to…
Biden emphasized Fed independence in meeting with Powell – aide
WASHINGTON – U.S. President Joe Biden told Federal Reserve Chair Jerome Powell on Tuesday that he will give the central bank the space and independence to address inflation as it sees fit,…
Biden congratulates Powell, promises Fed ‘laser focus’ on inflation
WASHINGTON – U.S. President Joe Biden said he and Jerome Powell will discuss inflation in a White House meeting Tuesday, and pledged to give the Federal Reserve chair space to do his…
Juvenile Reported missing Since Saturday in Philadelphia
The Philadelphia Police Department is requesting the public’s assistance in locating missing juvenile Noormyjah Powell. Noormyjah, from the 1700 block of Snyder Street was last seen on Saturday, May 21, 2022, at…
Quotes: Powell says Fed won’t hesitate to move past neutral
(Reuters) – The Federal Reserve will “keep pushing” to tighten U.S. monetary policy until it is clear inflation is declining, Fed chair Jerome Powell said on Tuesday. “What we need to see…
In more ways than one, Fed’s Powell showed his strategy this week
By Howard Schneider WASHINGTON – With a war in Europe underway, a pandemic still locking down parts of the global economy and financial markets having turned sharply volatile, the U.S. economic outlook…
Fed’s Powell: 75 basis point rate hike not being ‘actively considered’
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said central bank officials are not “actively” considering a rate hike of three-quarters of a percentage point at coming monetary policy meetings. “A…
Zero to neutral in 9 months marks a defining pivot for Fed, Powell
By Howard Schneider WASHINGTON – With even the most dovish U.S. central bankers now calling for a key interest rate to hit its “neutral” level by year’s end to tame high inflation,…
Fed Chair Powell worked the weekend after Russia’s invasion began
By Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell worked through the weekend after Russia’s Feb. 24 invasion of Ukraine, meeting with staff on both Saturday and Sunday for the first…
Jerome Powell Doesn’t Have The Stomach To Fix Inflation, Experts Say
Jerome Powell Doesn’t Have The Stomach To Fix Inflation, Experts Say Harry Wilmerding on March 24, 2022 Federal Reserve Chairman Jerome Powell’s response to the near 40-year inflation which included loose monetary…
Powell Says ‘Inflation Is Much Too High,’ Suggests Taking A More Aggressive Stance
Powell Says ‘Inflation Is Much Too High,’ Suggests Taking A More Aggressive Stance Harry Wilmerding on March 21, 2022 Federal Reserve Chairman Jerome Powell said Monday that soaring prices have become a…
U.S. rate futures raise odds for hefty rate hike in May after Powell comments
NEW YORK – Federal funds rate futures on Monday raised the chances of a half percentage-point tightening by the Federal Reserve at the next policy meeting in May, after hawkish comments from…
Fed open to speedier interest rates hikes if high inflation persists – Powell
– Federal Reserve policymakers will consider speeding up the pace of interest rate hikes this year should high inflation not begin to abate, Federal Reserve Chair Jerome Powell said on Monday. “The…
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