Topline Sen. Elizabeth Warren (D-Mass.) called on Federal Reserve Chair Jerome Powell to recuse himself from the agency’s internal probe of its role in the Silicon Valley Bank collapse, a day after De...
Tag: Powell
Powell chose financial assets over inflation, now prepare for the second wave of inflation and don’t rule out contagion
Quick Take An update since futures opened last night SVB depositors will have access to all of their money on March 13. The Signature Bank closed — all depositors will be made whole. Fed will make ava...
SVB shut down, Powell has to decide between a new financial crisis or raising inflation target
Ad TLDR At the upcoming Federal Open Market Committee (FOMC) meeting on March 22, a 25 basis point rate hike is the favored probability. A terminal fed funds rate of 5.50% with a 25bps cut at the end ...
Jay Powell has another problem now: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday March, 10, 2023 Today’s newsletter is...
Fed Chair Powell Provides Update on US Central Bank Digital Currency – Regulation Bitcoin News
Federal Reserve Chairman Jerome Powell has provided an update on the Fed’s central bank digital currency (CBDC) work in a hearing before the House Financial Services Committee. While stating that the ...
Powell changed everything this week on market’s view of interest rates
Federal Reserve Chair Jerome H. Powell testifies before a House Financial Services hearing on “The Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington...
Hawkish Powell weighs on risk – what to do next?
Tomorrow, the Non-Farm Payrolls report for February will be released in the United States. This is not your regular NFP week for at least a couple of reasons. First, the NFP is usually out on the firs...
Steve Forbes Excoriates Jerome Powell: “Clueless About Inflation!”
Federal Reserve Chairman Jerome Powell sent financial markets reeling when he told a Senate hearing Tuesday that our central bank is ready to push up interest rates higher and at a faster pace than pr...
Why recession odds just spiked after Powell addressed Congress
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 9, 2023 Today’s newsletter i...
Wall Street’s most successful hedge fund just politely told Fed Chair Jay Powell to shut up
If there was one piece of advice the boss of hedge fund Citadel LLC would give to the Federal Reserve, it would be to stop talking so much. Every time Fed Chair Jay Powell opens his mouth to discuss a...
Powell Says ‘No Decision’ Has Been Made on Speeding Up Pace of Rate Hikes
(Bloomberg) — Federal Reserve Chair Jerome Powell stressed that policymakers had not yet made up their minds on the size of their interest-rate increase later this month and said it would hinge ...
Wanted Ice Cream Scoopers – $23/hr – Yes, The Service Economy Is Booming
(Photo by Camerique/ClassicStock/Getty Images) getty Imagine my surprise when seeing this sign outside my local JP Licks Ice cream store in the Boston area. While certainly anecdotal, it still seems t...
Bitcoin holds firm on strong economic data, while Powell testifies to House discussing CBDC
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly ...
Bitcoin Volatility Picks Up as Powell Reiterates Inflationary Pressure Higher Expected
The Bitcoin price has picked up some steam throughout the past few minutes, and the primary reason for this seems to be the fact that Jerome Powell is testifying before Congress. The Chairman of the ...
How High Will Fed Raise Rates? Powell Fuels Fears Rates Could Hit 6%
Topline One day after Federal Reserve Chair Jerome Powell caught investors off guard by striking a more hawkish tone than expected, the central banker is set to give the U.S. House additional details ...
Dow Jones Reverses On Jobs Data As Powell Speaks; Tesla Dives On Steering Wheel Investigation
The Dow Jones Industrial Average reversed lower Wednesday after stronger-than-expected jobs data, amid more testimony from Federal Reserve Chair Jerome Powell. Tesla (TSLA) stock dropped 4% on an inve...
Watch Fed Chair Jerom Powell speak live in second day of Capitol Hill testimony
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Wednesday before the House Financ...
Dow Jones Futures RiseAfter ‘Faster’ Fed Chief Powell Hits Stocks; Tesla Falls On New Probe
Dow Jones futures tilted higher early Wednesday, along with S&P 500 futures and Nasdaq futures. CrowdStrike (CRWD) rallied overnight on earnings. Tesla stock fell on an analyst downgrade and a new...
Stock futures edge higher ahead of more Powell testimony
U.S. futures were flat ahead of the open as Wall Street awaits for more testimony from Federal Reserve Chair Jerome Powell on Wednesday, this time before the House Financial Services Committee. Future...
BTC Falls Below $22,000, as Powell Warns of Higher Rates – Market Updates Bitcoin News
Bitcoin moved below the $22,000 level on March 8, as markets continued to react to U.S. Fed Chair Jerome Powell’s testimony. Speaking in front of the Senate Banking Committee, Powell said he expected ...
U.S. stock futures unable to rebound from latest sell-off as more Powell talk looms
U.S. stock futures were struggling to recover from the latest sell-off as worries about a more hawkish Federal Reserve continued to push up bond yields. How are stock-index futures trading S&P 500...
Fed: Jerome Powell opinion upset Bitcoin price
Yesterday, Fed Chairman Jerome Powell’s words upset the markets and eventually also sent Bitcoin’s value down. The words of Fed chief Jerome Powell affect Bitcoin Two of the most critical points of hi...
No exit ramp for Fed’s Powell until he creates a recession, economist says
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Ca...
Elizabeth Warren Slams Jerome Powell at Congressional Hearing
Federal Reserve Chair Jerome Powell testified in front of Congress for over two hours on Tuesday, and one moment that stood out was the heated exchange between Senator Elizabeth Warren and Powell. War...
China Bears Brunt of Asia Tech Selloff After Hawkish Powell Talk
(Bloomberg) — Chinese tech giants led shares of Asian peers lower after hawkish comments from the Federal Reserve stoked concerns for the rate-sensitive sector. Most Read from Bloomberg The Hang...
Dow Jones Dives As Powell Makes This Pledge; Tesla Stock Fightback Falters As Rivian Craters
The Dow Jones Industrial Average closed sharply lower after testimony by Fed Chair Jerome Powell unleashed a wave of fear on Wall Street. An attempted fightback by Tesla (TSLA) faltered while rival EV...
In a ‘Real World’ of Credit, Money Is Never Remotely ‘Free’
A recent opinion piece referenced a time in the not-too-distant past when money was “virtually free.” This was before Fed Chairman Powell supposedly brought “real world” to the cost of credit. Readers...
Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’
Most other major cryptos were largely in the red, aligning with equities markets, which also wrestled with Powell’s remarks. The S&P 500, Wall Street’s benchmark equity index, closed down 1....
Dow Falls Nearly 600 Points As Fed Chair Powell Warns More Severe Rate Hikes On Deck
Topline Federal Reserve Chair Jerome Powell struck a more hawkish tune than expected during his semiannual report to Congress on Tuesday, saying the central bank will continue to up the temperature on...
Stocks fall after Powell tells Congress rates could go ‘higher’
U.S. stocks were under pressure on Tuesday after Federal Reserve Chair Jerome Powell told Congress that interest rates are likely to go “higher” in the face of persistent inflation. Near 2...
Opinion: The only market forecast that should matter to stock investors: When does the Fed decide that higher inflation is OK?
By this time last year, every stock market forecast made for 2022 was wrong. The U.S. stock market peaked on the first trading day of 2022 and went downhill from there. This year, every forecast made ...