Topline Federal Reserve Chairman Jerome Powell pledged in testimony before Congress on Wednesday that the central bank is “moving expeditiously” to raise interest rates and remains “strongly committed...
Tag: Powell
U.S. stock futures drop as Powell testimony looms, recession worries return to the spotlight
Recession worries were back in the spotlight for Wall Street on Wednesday, with equity futures and oil prices dropping, as investors looked ahead to Congressional testimony from Federal Reserve Chairm...
Dow Jones Futures Fall After Market Rallies; Here Comes Fed Chief Powell
Dow Jones futures fell solidly early Wednesday, along with S&P 500 futures and Nasdaq futures, with Fed chief Jerome Powell set to testify before Congress on Wednesday morning. X The stock market ...
Fed’s Powell says a U.S. CBDC could maintain the dollar’s international standing
The Federal Reserve chair Jerome Powell has stated that a central bank digital currency version (CBDC) of the U.S. dollar will be significant in sustaining the dollar’s global dominance at a period ot...
Powell vows that the Fed is ‘acutely focused’ on bringing down inflation
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...
Kraken CEO Jesse Powell hits out at ‘triggered’ employees
Kraken CEO Jesse Powell has hit out at a small group of employees employed at the cryptocurrency exchange for their lack of cultural fit with the company. In an 11-post Twitter thread on Wednesday, Po...
Powell will stop inflation by ‘any means necessary’
CNBC’s Jim Cramer on Wednesday said that investors should be with Jerome Powell and not against him, as the Federal Reserve chair has proven he’s willing to take inflation down no matter w...
Dow Jones Rallies As Powell Gives Warning; Oil Stocks Dip After Biden Threat; WWE Stock Gains
The Dow Jones Industrial Average rallied after Federal Reserve Chairman Jerome Powell hiked interest rates and issued a warning. Oil stocks dipped after President Joe Biden threatened to exercise emer...
Dow Jumps 300 Points After Powell Says Fed Could Hike Rates By 75 Basis Points Again In July
Topline The stock market moved higher on Wednesday after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, while Fed Chair Jerome Powell also signaled that...
Powell says Fed could hike rates by 0.75 percentage point in July
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images Federal Reserve Chair Jerome Powell said Wednesday the central bank could raise interest rates by a similar ...
Will Powell Throw A Bone To Dow Jones?
Friday’s CPI report settled a lot. Inflation is still peaking and the Federal Reserve will have to hike its key interest rate higher and faster than many on Wall Street expected. But today’...
A 75-basis point Fed move is not a slam dunk, former staffer says
In the last 24 hours, investor expectations for the Federal Reserve have coalesced around a 75 basis point hike, nudged in that direction by a Wall Street Journal article. Fed-funds futures markets no...
It’s Time to Take Powell at His Word
By BOB LANG Jun 06, 2022 | 01:30 PM EDT Stocks quotes in this article: UBER, LYFT No more lip service from you, Jay PowellThe Chairman of the Federal Reserve has notably been sanguine about inflation,...
U.S. stocks end lower Tuesday as Biden, Powell meet on inflation; Dow, S&P eke out gains in May
U.S. stocks closed lower Tuesday, the final session of May, as Treasury yields pushed higher following last week’s equity market bounce after a historic string of weekly losses. The Dow Jones Industri...
Biden Meets With Fed Chair Powell, Says Fighting Inflation Is ‘Top Economic Priority’
Topline President Joe Biden met with Federal Reserve Chair Jerome Powell at the White House on Tuesday to discuss tackling historically high levels of inflation, declaring it a top priority for the ad...
Unnecessary Pain From Powell
Federal Reserve Chair Jerome Powell has let the cat out of the bag: Our central bank believes that the best way to fight inflation is by deliberately slowing the economy, hence, the raising of interes...
Biden Will Meet With Fed’s Powell Tuesday to Discuss Economy
Text size President Joe Biden has said getting inflation under control is his “top priority.” Anna Moneymaker/Getty Images President Joe Biden is set to meet with Federal Reserve Chair Jerome Powell o...
The stock market is acting like it believes Jay Powell
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 Tuesday, May 24, 2022 Today’s newsletter is ...
What Jerome Powell commented on the sliding of bitcoin and major cryptos amidst the hawkish market?
Analysts and traders around the crypto market started assessing the impact it could place after the continuous tightening of monetary policies by Federal Reserves On Tuesday, Chairperson of the US Fed...
Powell must ‘slay these seven dragons’ for market to recover
CNBC’s Jim Cramer on Wednesday went through a list of economic problems that Federal Reserve Chair Jay Powell needs to address to tamp down inflation and in turn help the stock market rebound. &...
Stock futures rise to extend gains after Powell comments
U.S. stock futures opened higher Tuesday afternoon after rallying during the regular trading day, as investors took in reassurances from Federal Reserve Chair Jerome Powell that the central bank was s...
Dow Jones Gains As Powell Issues Pledge; Elon Musk Digs In On Twitter; Warren Buffett Stock Soars
The Dow Jones Industrial Average jumped as Federal Reserve Chairman Jerome Powell issued an inflation pledge. Twitter (TWTR) rebounded as the takeover bid by Tesla (TSLA) CEO Elon Musk took another tw...
Dow Jumps 400 Points After Powell Says Fed ‘Won’t Hesitate’ To Keep Raising Rates To Combat Inflation
Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome P...
Powell says the Fed will not hesitate to keep raising rates until inflation comes down
Federal Reserve Chairman Jerome Powell emphasized his resolve to get inflation down, saying Tuesday he will back interest rate increases until prices start falling back toward a healthy level. “...
Jerome Powell confirmed again at the helm of the Fed
The US Federal Reserve (Fed) has confirmed the arch-enemy of the cost of money, Jerome Powell, at the helm for another four years. Jerome Powell is still in charge of the Fed, what’s next? Jerome Powe...
Powell could be the next FED chair
Jerome Powell has been confirmed by the U.S. Senate for a second four-year term as Federal Reserve Board (FRB) chair. The vote was 80-19 on could 12, 2022. Powell has been serving as acting chair sinc...
Senate Confirms Jerome Powell to Second Term as Fed Chair
Key Takeaways The Senate has approved Jerome Powell to serve another four-year term as Fed chairman. Congress mandates that the Federal Reserve maintain price stability and full employment. While noti...
Powell says he can’t guarantee a ‘soft landing’ as the Fed looks to control inflation
US Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, DC, on May 4, 2022. Jim Watson | AFP | Getty Images Federal Reserve Chairman Jerome Powell warned Thursday that...
Federal Reserve Chair Jerome Powell confirmed by Senate for a second term
Federal Reserve Chairman Jerome Powell speaks at a news conference following a Federal Open Market Committee meeting on May 04, 2022 in Washington, DC. Powell announced the Federal Reserve is raising ...
Here’s the comment from Powell that could make it hard for the Fed to slow down the pace of interest-rate hikes
The Friday before the Federal Reserve’s interest-rate decision will be most remembered for the surprise acceleration in consumer prices, which took inflation to a fresh 40-year high. But there was ano...