Dow Jones futures fell slightly overnight, along with S&P 500 futures and Nasdaq futures, with Meta Platforms and Qualcomm reporting earnings. X The stock market rally had big gains Wednesday afte...
Tag: Powell
Fed Watchers Say Markets Got It All Wrong on Powell ‘Pivot’
(Bloomberg) — Federal Reserve Chair Jerome Powell is raising interest rates at the steepest pace in a generation and he said Wednesday that another big increase is possible. Yet investors sent s...
Federal Reserve ‘Might’ Do Another Huge Rate Hike, But Powell Sparks Dow Jones Rally
The Federal Reserve delivered a 75-basis-point rate hike for the second straight meeting, and chair Jerome Powell indicated a third such hike “could be appropriate” in September. Still, th...
Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession
Federal Reserve Chairman Jerome Powell said Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. “I do not think the U.S....
Here’s what Bill Ackman says Powell should tell traders about Fed rate-hike plans
“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the ...
Fed can’t stop hiking interest rates even if there is a recession, former top central banker says
The Federal Reserve has to emulate Mario Draghi and do “whatever it takes” to bring inflation down and that means continuing to raise interest rates even if there is a recession, said former Richmond ...
Powell Seen Slowing Fed’s Hikes After 75 Basis Points Next Week
(Bloomberg) — Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with a second straight 75 basis-point hike next week, economist...
Powell, Clarida cleared of wrongdoing in Fed trading controversy
Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflati...
The Pain Trade- How Aggressive Will The Fed Be On Inflation
WASHINGTON, DC – MARCH 14: Prices for gas at an Exxon gas station on Capitol Hill are seen March 14, … [+] 2022 in Washington, DC. The cost of gasoline continues to rise across the globe a...
Commodities Hit July Storm With Putin and Powell Stirring Fear
(Bloomberg) — Commodities are careering into a second half that promises as much turmoil as the first, with the world facing an escalating energy crisis, copper plunging on Fed-fueled recession ...
Dow Jones Up As Powell Issues Inflation Warning; Tesla Stock Falls Amid Closure; Apple Stock Gains
The Dow Jones Industrial Average rose despite Federal Reserve Chairman Jerome Powell issuing an inflation warning. Tesla (TSLA) stock fell following news it is closing a Silicon Valley office. Bed Bat...
Powell Says Fed Can Avert Recession But Task Getting Tougher
(Bloomberg) — Federal Reserve Chair Jerome Powell said the US economy is in “strong shape” and the central bank can reduce inflation to 2% while maintaining a solid labor market, even though tha...
Powell vows to prevent inflation from taking long-run hold in the U.S.
U.S. Federal Reserve Board Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington, U.S., June 23, 2022. Mary F. Calvert | Reuters Federal Reserve Chairman Jer...
Watch Fed Chair Powell talk live about the economy, interest rates at ECB forum
[The stream is slated to start at 9 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell speaks Wednesday to a European Central Bank ...
Stocks rise after day two of Powell testimony
U.S. stocks closed higher in a choppy session Thursday following Federal Reserve Chair Jerome Powell’s second day of testimony on Capitol Hill. The S&P 500 advanced 1%, and the Dow Jones Ind...
Powell: Congress to Receive Guidance from Federal Reserve on CBDC
U.S. Federal Reserve Chair Jerome Powell said Congress will eventually receive guidance from the Fed on how it could implement a central bank digital currency (CBDC). Speaking before the U.S. House Co...
Fed will Recommend CBDC to Congress: Powell
Jerome Powell, the chairman of the Federal Reserve, stated that the American central bank intends to advise Congress on how to promote a prospective central bank digital currency (CBDC). Change in the...
Jerome Powell defends the rate hike
At the latest congressional hearing, US Federal Reserve Chairman Jerome Powell returned to talk about moves taken to deal with inflation. Jerome Powell’s plan against high inflation At the latest US ...
Stock Market Climbs As Economic Data Shows Slowing Economy, Cooling Prices; Powell Set To Speak Again
The stock market rose in early trading, with all eyes on Fed Chairman Jerome Powell’s second day of testimony in Congress. X The Nasdaq composite, S&P 500 and Dow Jones Industrial Average al...
Powell Sees No ‘Macroeconomic Implications’ From Bitcoin Price Swings, But ‘Better Regulatory Framework’ Still Needed
The Federal Reserve is closely watching the crypto world—but isn’t worried, according to the central bank’s chairman. Fed Chief Jerome Powell said today at a Senate committee meeting that the bank sa...
Powell says the Federal Reserve is tracking crypto market volatility ‘very closely’
Jerome Powell, chairman of the Federal Reserve, told a Senate committee Wednesday that officials at the US central bank are watching the crypto market closely amid a period of heightened volatility. P...
Watch Jerome Powell testify to Congress on the economy and how the Fed plans to fight inflation
[This stream is set to start at 9:30 a.m. ET.] Federal Reserve Chair Jerome Powell on Thursday concluded two days of testimony in front of Congress, speaking in front of House members. In remarks for ...
Bitcoin price rises to $20.7K as Fed’s Powell says more rate hikes ‘appropriate’
Bitcoin (BTC) checked losses while United States equities drifted down on June 22 as the Federal Reserve kept quiet on monetary policy. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powe...
Stocks go nowhere, Powell calls recession a ‘possibility’
US stocks were lower, but barely changed, on Wednesday, with none of the three major averages logging changes larger than 0.2% At the closing bell on Wednesday the S&P 500 dropped 0.13% to settled...
Bitcoin Dips Below $20K as Fed’s Chair Powell Addresses Senate
Bitcoin wavered at its $20,000 support level again as Federal Reserve Chairman Jerome Powell testified in front of US Congress on Wednesday. He promised to continue fighting inflation by raising inter...
Dow Jones Up As Powell Gives This Recession Warning; Bitcoin Crumbles Again; 3 Stocks Eye Buy Points
The Dow Jones Industrial Average rose even after Federal Reserve Chairman Jerome Powell issued a recession warning. Bitcoin was falling again, with Coinbase (COIN) and Riot Blockchain (RIOT) also tumb...
Stock Market Reverses Higher As Powell Testifies; This Growth Index Plunges 3.6%
Stock market indexes reversed higher after opening lower Wednesday, as Fed Chairman Jerome Powell made a report on monetary policy to Congress. Oil stocks continued to slide, however. X The Nasdaq com...
US Fed Evaluating SEC’s Position on Digital Assets Custody, Powell Says
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Here’s everything Fed Chair Powell told the Congress on Wednesday
Jerome Powell – the Chairman of the U.S. Federal Reserve testified before Congress on the battle against inflation and state of the economy on Wednesday. Here’s everything he told the Sena...
Powell says U.S. economy can handle the additional rate hikes that are coming
Federal Reserve Chairman Jerome Powell on Wednesday pushed back against economists who argue that aggressive Fed interest-rate hikes have increased the odds of a recession or hard landing for the U.S....
Powell tells Congress the Fed is ‘strongly committed’ to bringing down inflation
Federal Reserve Chairman Jerome Powell told congressional lawmakers Wednesday that the central bank is determined to bring down inflation and has the ability to make that happen. “At the Fed, we...
Opinion: Jerome Powell is the worst Federal Reserve policy maker in my lifetime
In the history of the Federal Reserve, the most revered chairmen are William McChesney Martin, Paul Volcker and Alan Greenspan. All gained their reputation by decisive monetary policy action at times ...