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May 2- Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate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May 2- Economic commentator Stephen Moore has withdrawn from consideration for a seat on the U.S. Federal Reserve Board after weeks of criticism about his political partisanship, shifting views on interest rate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President Donald Trump's pick to fill a seat on the Federal Reserve has withdrawn from consideration after weeks of criticism against economic commentator Stephen Moore's shifting views on interest rate policy and sexist comments about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...
SAN FRANCISCO/ WASHINGTON, April 14- As President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a "patient" approach on rate hikes. The Federal Reserve Bank of New York surveys the main Wall Street securities companies it...
*Policy easing expectations rise across Asia after Fed pause. *Australia, India, Philippines, Indonesia have room. SEOUL/ HONG KONG, March 27- A slowing global economy and abrupt end to Federal Reserve policy tightening have shifted rate cut expectations in Asia to probable from possible, with the market betting on moves by a growing list of central banks.
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.
HONG KONG, March 25- Chicago Federal Reserve Bank President Charles Evans said on Monday it was understandable for markets to be nervous when the yield curve flattened, though he was still confident about the U.S. economic growth outlook. After an unexpected rise in the Ifo Institute's March business climate index in Germany, spreads between U.S. three-month...
Chicago Federal Reserve President Charles Evans says the U.S. economy has slowed but downplayed chances of a recession.
PALM BEACH, Fla., March 22- U.S. President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move that would put a Trump loyalist inside the world's most important financial institution.
PALM BEACH, Fla., March 22- President Donald Trump on Friday tapped Stephen Moore, a conservative economic commentator and fellow critic of Federal Reserve policy under Chairman Jerome Powell, to join the U.S. central bank's board of governors, a move that would put a Trump loyalist inside the worlds most important financial institution. Moore, who last year...
Fed Chairman Jerome Powell tells "60 Minutes" that President Trump cannot remove him from office.
Brian Reynolds, Asset Class strategist at Canaccord Genuity, and Craig Callahan, founder and president of Icon Advisers, join 'The Exchange' to discuss mid-day markets and predict where they think The Fed is going next.
WASHINGTON, Feb 27- The Fed's policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand them. Since Fed Chairman Jerome Powell took the helm in February 2018, statements have grown less complex and opening remarks at the central bank's news...
WASHINGTON, Feb 26- The Federal Reserve is in "no rush to make a judgment" about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank's approach to an economy that is likely slowing. In two hours of testimony to the Senate Banking Committee, Powell elaborated on the "conflicting signals" the Fed...
Yellen has taken plenty of hits from President Trump. Now she's delivering a few of her own.
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