April 18, 2023
Via: CNSNews.comFederal Reserve Chair Jerome Powell recently testified before Congress on the current state of the US economy. In addition to monetary policy, Powell was questioned about the Fed’s regulatory proposals regarding cryptocurrencies and climate-related financial risks. Barely mentioned, however, was […]
May 12, 2022
Via: Banking DiveWith Wednesday’s confirmation, Jefferson begins a term at the central bank that runs until 2036 and becomes the fourth Black man to serve on the Fed board. “Dr. Jefferson is one of the country’s leading thinkers on the economics of […]
Capital and Risk, Macroeconomic
December 2, 2021
Via: CNSNews.com“We spent a lot of money in the last couple of years,” Rep. Frank Lucas (R-Okla.) told a hearing of the House Financial Services Committee on Wednesday. “Since the start of the pandemic, the United States has added more than […]
August 18, 2021
Via: DailyFXThe FOMC minutes, released later in today’s session, have been seen of late as a potential turning point in US monetary policy with market’s hoping that they may provide some clarity on the central bank’s thinking about when they may […]
May 21, 2021
Via: Payments DiveFederal Reserve Chairman Jerome Powell shifted his tack slightly Thursday on the topic of creating a central bank digital currency, saying the Fed will issue a paper this summer designed to “stimulate broad conversation” about the possibility. In a brief […]
May 6, 2021
Via: Banking DiveThe Federal Reserve has shown twice this week that it is open to applying its regulatory framework beyond the tidy little box where banks reside. First, in comments to a fair-lending advocacy group Monday, Fed Chair Jerome Powell said the […]
Capital and Risk, Macroeconomic
March 25, 2021
Via: CNBCPowerful fiscal help from Congress combined with accelerated vaccine distribution has allowed the U.S. economy to recover faster than expected, Federal Reserve Chairman Jerome Powell said Thursday. At some point, that will allow the central bank to dial back the […]
Capital and Risk, Macroeconomic
December 16, 2020
Via: CNBCThe Federal Reserve dialed up its economic expectations slightly for the end of this year as well as for 2021, according to the central bank’s Summary of Economic Projections released on Wednesday. The central bank now expects real gross domestic […]
Capital and Risk, Macroeconomic
October 28, 2020
Via: CNBCFederal Reserve officials have been pressing Congress to provide more fiscal help to the U.S. economy, and with good reason: The central bank is running out of ways it can help. Since the expiration of key provisions of the $2.2 […]
August 27, 2020
Via: Market WatchGold futures moved lower Thursday in volatile trading that saw prices move in either direction by as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole […]
Activity, Investment Banking, Trading
June 30, 2020
Via: Market WatchU.S. stock-index futures were sliding lower early Tuesday as investors awaited a congressional hearing featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to rising coronavirus cases. […]
May 13, 2020
Via: CNBCEven as it has pulled out all the policy stops during the coronavirus crisis, Federal Reserve Chairman Jerome Powell said one area it won’t be going is negative interest rates. “I know there are fans of the policy, but for […]
Capital and Risk, Credit, Macroeconomic
April 9, 2020
Via: Banking Technology“This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic,” the Fed said in a statement. Through its ‘Main Street’ lending facility, the […]
December 11, 2019
Via: The New York TimesWASHINGTON — The Federal Reserve is expected to leave interest rates unchanged at its final meeting of the year on Wednesday as officials wait to see how the economy fares after they cut rate three times in 2019. The Fed […]
November 26, 2019
Via: Market WatchStock-index futures pointed to a flat start Tuesday, a day after Wall Street churned out another round of record closes on Monday, with investors focused on U.S.-China trade talks and an upbeat assessment of the economy from Federal Reserve Chairman […]
Capital and Risk, Macroeconomic
November 13, 2019
Via: The New York TimesWASHINGTON — Jerome H. Powell, the Federal Reserve chair, will paint an optimistic picture of the United States economy in testimony before Congress on Wednesday, though he warns that threats to the outlook persist. “In particular, sluggish growth abroad and […]
August 23, 2019
Via: Market WatchU.S. Treasury yields rose Friday as traders wait for Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole symposium in Wyoming, where he may give clues to the central bank’s next moves. What are Treasurys doing? The 10-year Treasury […]
Capital and Risk, Macroeconomic
August 20, 2019
Via: CNBCThe U.S. Federal Reserve will cut interest rates five more times by April 2020, according to analysts at Danske Bank. The Fed cut rates by 25 basis points in July, but comments from Chairman Jerome Powell suggesting the cut was […]
Capital and Risk, Macroeconomic
August 1, 2019
Via: CNBC EconomyFederal Reserve Chairman Jerome Powell said the central bank’s rate decision was not a result of political pressure. “We never take into account political considerations. There’s no place in our discussions for that. We also don’t conduct monetary policy in […]
Capital and Risk, Macroeconomic
July 10, 2019
Via: Market WatchFederal Reserve Chairman Jerome Powell said Wednesday that the U.S economy is suffering from a bout of uncertainty caused by trade tension and slower global growth and he pledged again that the central bank would act as needed to support […]