Federal Reserve's quick pivot from shrinking its balance sheet by around $50 billion per month to now expanding by $60 billion monthly, has shown both the difficulty the Fed has faced under a shifting political environment, as well as the risks of experimenting with market-sensitive systems in real time. The process of paring the balance sheet from its...
Janet Yellen cites three factors for why the Fed's growth estimates may be too high: demographics, education and productivity.
"If you live in an interconnected world, you have no choice but to import the effect of negative policy rates in Europe," the Allianz chief economic advisor explains.
CNBC's Jim Cramer says Wall Street should not assume a recession is on the horizon.
The yield on the 30-year Treasury bond dropped to a record low in the morning of Asian trading hours on Thursday, breaching the 2% level for its first time, according to Reuters.
The four living former chairs of the Federal Reserve called for the U.S. central bank to remain free to work independently and without fear of political reprisals.
"As former chairs of the board of governors of the Federal Reserve System, we are united in the conviction that the Fed and its chair must be permitted to act independently and in the best interests of the economy, free of short-term political pressures and, in particular, without the threat of removal or demotion of Fed leaders for political reasons," the four...
Your job is to sit tight and find high-quality stocks to stick with for as long as the underlying business stays strong, Jim Cramer says.
Former Federal Reserve Chair Janet Yellen said she supports a 25-basis-point cut in the U.S. benchmark interest rate due to a weaker global economy.
BREXIT TURMOIL DETERS FORMER FED CHAIR JANET YELLEN AND FORMER INDIAN CENTRAL BANK GOVERNOR RAGHURAM RAJAN FROM APPLYING FOR BANK OF ENGLAND GOVERNORS JOB- FT.
"An extraordinary number of people are taking opioids in one form or another," says Powell, during testimony before the House Financial Services Committee.
NEW YORK/ SAN FRANCISCO/ WASHINGTON, June 26- U.S. Trump's renewed criticism of Powell for not lowering interest rates to help the United States compete against China, delivered in an interview on Fox Business Network, was the latest in a series of attacks that started only months after Trump made him Fed chief in early 2018.. But the White House could try to make a...
NEW YORK/ SAN FRANCISCO/ WASHINGTON, June 26- U.S. Trump's renewed criticism of Powell for not lowering interest rates to help the United States compete against China, delivered in an interview on Fox Business Network, was the latest in a series of attacks that started only months after Trump made him Fed chief in early 2018.. But the White House could try to make a...
WASHINGTON, June 18- President Donald Trump on Tuesday kept up pressure on the head of the Federal Reserve to lower interest rates, following a report that White House lawyers earlier this year explored whether they could legally strip Jerome Powell of the Fed chairmanship. Asked by reporters outside the White House if he wanted to demote Powell, Trump said: "Lets...
WASHINGTON, June 18- Lawyers at the White House earlier this year explored the legality of stripping Jerome Powell of his Federal Reserve chairmanship, demoting him to be just one of as many as seven governors of the U.S. central bank, according to a report from Bloomberg News published on Tuesday. White House economic adviser Larry Kudlow declined to confirm or...
SAN FRANCISCO, May 3- Federal Reserve Chairman Jerome Powell was criticized by analysts and investors this week when he seemed to set aside concerns about weak U.S. inflation, repeatedly describing its recent decline as temporary and dimming market expectations of an interest rate cut. But in a series of statements and speeches since last fall, Powell, Fed Vice...
May 2- Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate policy, and sexist comments about women. "Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process,"...
May 2- Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate policy, and sexist comments about women. "Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process,"...
President Donald Trump's pick to fill a seat on the Federal Reserve has withdrawn from consideration after weeks of criticism against economic commentator Stephen Moore's shifting views on interest rate policy and sexist comments about women. "Steve Moore, a great pro-growth economist and a truly fine person, has decided to withdraw from the Fed process,"...
Federal Reserve Chairman Jerome Powell dashed hopes of a near-term rate cut, boosting the dollar and treasury yields. Spot gold shed 0.2 percent to $1,274.50 per ounce as of 0403 GMT, having fallen to $1,272.14, its lowest since April 24, earlier in the session. "We know that the Fed is going to be on pause for a while, but the market was pricing in a more dovish lean...
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