Feb 11- Federal Reserve Chair Jerome Powell is likely to sound fairly upbeat about the outlook for U.S. economic growth when he testifies this week in the first of his twice-a-year updates to Congress, even as he nods to the potential threat from the coronavirus in China. That assessment would echo the formal report the Fed submitted to the U.S. Congress on Friday,...
WASHINGTON, Jan 28- At a glance, the Federal Reserve has set a high bar for any change in interest rates this year: A "material reassessment" of the economic outlook would be required as set forth by U.S. central bank chief Jerome Powell. Obvious shocks will matter, and the sharp shift in markets following a coronavirus outbreak in China shows just how fast unexpected...
Jan 22- The United States' economy would be growing at a pace near 4% if wasn't for the lingering effect of Federal Reserve rate hikes, President Donald Trump told CNBC in an interview on Wednesday. "Now, with all of that, had we not done the big raise on interest, I think we would have been close to 4%," Trump told CNBC...
Former Federal Reserve Chairman Ben Bernanke said the option of negative interest rates would give the Fed flexibility at a time when its policy toolkit is limited.
SAN DIEGO, Jan 5- An unprecedented combination of low U.S. unemployment, weak inflation and low interest rates has the U.S. At a three-day conference in San Diego on an array of economic topics, one stood out: The textbook view of central banking, where low unemployment produces unwanted inflation that monetary policymakers can counter with interest-rate hikes,...
WASHINGTON, Dec 10- After 14 conferences, a couple dozen research papers and presentations and some very dense math, the Federal Reserve's hunt for a better way to reach its inflation target may boil down to a single word: symmetric. The persistent run of U.S. inflation below the central bank's 2% target for most of the post-financial crisis era has bedeviled Fed...
WASHINGTON, Oct 29- In the midst of what became a golden decade for the U.S. That would match the moves made by then-Fed Chairman Alan Greenspan in 1995 and 1998 during an era known as "the Great Moderation" for its steady growth, falling unemployment and tempered inflation. Policymakers may emphasize that "the three cuts cumulatively have served to balance the...
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.
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.
"An extraordinary number of people are taking opioids in one form or another," says Powell, during testimony before the House Financial Services Committee.
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...
There may be signs of a possible recession, but Standard Chartered CEO Bill Winters says it doesn't look like a downturn is on the horizon.
Yellen discusses the yield curve inversion, which sent stocks tumbling on Friday.
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