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☆ Cramer says not to second-guess Fed Chief Powell after Wednesday's remarks
▼ + stars: | 2024-05-01 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer told investors to take Federal Reserve Chief Jerome Powell at his word when he said on Wednesday that it's unlikely there's a rate hike on the horizon, even as inflation remains stubborn. Although Powell's comments calmed many on Wall Street, Cramer said it's likely investors will become anxious again ahead of employment data set to be released Friday. Even though Powell didn't suggest there will be a rate cut in the near future, Cramer stressed that he managed to take "the dreaded rate hike scenario off the table." The Fed also decided it would slow the price of bond sales, which Cramer said is a "dovish sign." He just thinks that inflation will gradually go away on its own, making him more of a dove than a hawk," Cramer said.

Persons: CNBC's Jim Cramer, Jerome Powell, Cramer, Jay Powell — He's, Powell Organizations: Federal

☆ Jim Cramer says interest rate worries helped bring on Tuesday's end of April sell-off
▼ + stars: | 2024-04-30 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

After a generally rough April, CNBC's Jim Cramer parsed Tuesday's market action, telling investors that anxiety about interest rates is a major reason stocks fell at the end of the month. All three broke a five-month winning streak, and the Dow Jones Industrial Average saw its worst monthly performance since September 2022. Cramer emphasized that much of Wall Street's attitude hinges on rate decisions made by the Federal Reserve, whose two-day meeting ends Wednesday. Cramer pointed to a survey released on Tuesday that suggested consumer confidence dropped to its lowest level since July 2022. Tuesday also saw data from the latest Chicago Purchasing Managers' Index, which could signal a weakening economy, Cramer added.

Persons: CNBC's Jim Cramer, Cramer, we've, who're, Jerome Powell, Jay Powell Organizations: Dow Jones, Federal Reserve, Chicago

☆ Trump could drive inflation higher with his second-term economic agenda, analysts say
▼ + stars: | 2024-04-30 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +4 min

Scott Olson | Getty Images News | Getty ImagesFormer President Donald Trump is building a second-term economic agenda that analysts say could reheat the very inflation that he has slammed President Joe Biden for creating. We have a ring around the country," Trump said in a TIME interview released Tuesday, referring to aggressive tariffs he has promised to impose in a second term. Yet economists and Wall Street analysts agree that these plans would likely drive consumer prices higher. "A second Trump term could bring higher tariffs, attempts to weaken the dollar, even higher deficits, deportation of illegal immigrants, and other policies that could put upward pressure on inflation," Piper Sandler analysts wrote last week. Reached for comment, the Trump campaign said, "under President Trump, inflation was non-existent, gasoline was cheap, groceries were affordable, and the American Dream was alive and well."

Persons: Donald Trump, Scott Olson, Joe Biden, Trump, Jay Powell, Piper Sandler, Donald Trump's, Paul Ashworth, Wells Organizations: Clinton Middle School, Getty, Wall Street, Trump, Federal, Wall, Capital Economics, North, U.S ., Wells Locations: Clinton , Iowa, China, Mexico, South Carolina, North America

An effort to give Trump more say on ratesThis week, investors had planned to examine the latest inflation data, due out at 8:30 a.m. Eastern on Friday, for clues about when the Fed would start cutting interest rates. The Wall Street Journal reports that allies of Donald Trump are devising ways of watering down the central bank’s independence if he is re-elected president. But it also raises questions about whether such a plan is possible — or whether Trump’s Wall Street supporters would back it. Among the most consequential would be asserting that Trump had the authority to oust Jay Powell as Fed chair before Powell’s term is up in 2025. While Trump gave Powell the job in 2017, he has since soured on his pick for raising rates, and has publicly said he wouldn’t give Powell a second term.

Persons: Donald Trump, Trump, Jay Powell, Powell, wouldn’t Organizations: Trump, Street Journal, Wall

☆ Cramer: The 'proximate cause' of Super Micro's 23% drop Friday? Go back to March 8
▼ + stars: | 2024-04-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

At law school, we learned about "proximate cause," one of the few valuable concepts you can take from three years of drudgery. But was that the proximate cause? No, the real proximate cause, the one that's really at fault, was the February unemployment report, which came out on March 8. At the time, many thought the proximate cause of Nvidia's pirouette was the performance of two chipmaker peers. Surely those two updates couldn't be the proximate cause of the peak of Nvidia, right?

Persons: It's, Let's, pirouette, Matt Murphy, Jay Powell, Powell, Zeus, Biden, Jim Umpleby, ferociously, Jeff Marks, Morgan Stanley, haven't, Mills, Jim Cramer's, Jim Cramer, Jim, Ann Wang Organizations: Nvidia, hasn't, Marvell Technology, Club, Broadcom, Marvell, Federal, Caterpillar, Microsoft, Nasdaq, Apple, Procter, Gamble, Jim Cramer's Charitable, CNBC, Micro Locations: It's, what's, Wells Fargo, Taipei, Taiwan

☆ Jim Cramer says Wall Street's too cynical on Jerome Powell, Nvidia and Apple
▼ + stars: | 2024-04-11 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer on Thursday said Wall Street should be less jaded, saying that to see gains, it is necessary to trust certain deserving market-moving figures. He specifically said he has faith in Federal Reserve Chair Jerome Powell, Nvidia 's Jensen Huang and Apple CEO Tim Cook, even as some on Wall Street have negative sentiments about these leaders. To Cramer, Powell is pragmatic and hasn't gotten the trust he deserves. Cramer added that he thinks Powell will be able to "fly the plane wherever it has to go." Cramer said he thinks Nvidia can work with many of these companies, who will also remain its clients.

Persons: CNBC's Jim Cramer, Jerome Powell, Nvidia, Jensen Huang, Tim Cook, who've, Cramer, Powell, hasn't, he's, Huang, Cook, Jay Powell Organizations: Apple, Nvidia, Big Tech, Bloomberg, Federal Reserve, CNBC

☆ Federal Reserve Chair Jerome Powell Will Help Decide the 2024 Election
▼ + stars: | 2024-03-11 | by ( Emily Stewart | ) www.businessinsider.com time to read: +8 min

Beyond the academic argument, whether the Fed cuts interest rates has a significant political bearing this year. Voters are unhappy about higher prices, and they feel weighed down by high interest rates, too. Interest rates may seem abstract, but they can have a real impact on how people view their financial situations. But lowering interest rates should make people feel better about economic conditions and could give Democrats and Biden a boost. He's well aware lower interest rates would boost the economy, lift people's moods, and, ultimately, help the party in charge.

Persons: Jay Powell, — Donald Trump —, Powell, Joe Biden, Patrick McHenry, McHenry, Skanda Amarnath, it's, Larry Summers, Biden, Amarnath, — Trump, Hillary Clinton's, Richard Nixon, Ronald Reagan, Paul Volcker, Volcker, shied, Trump, Elizabeth Pancotti, Sarah Binder, Binder, what's, They've, Diane Swonk, Emily Stewart Organizations: Federal, Trump, Republican, Financial Services, Fed, Roosevelt Institute, George Washington University, Reserve, KPMG US, Business Locations: North Carolina, It's, America, Roosevelt

Inflationary pressure and presidential politicsPresident Biden and Donald Trump dominated Super Tuesday, setting the stage for a rematch of the 2020 election. One topic that’s high on the agenda for voters: Inflation. Inflation is kryptonite for any politician, and especially for Biden. Trump again pounded the president on high prices, an issue that’s lifting the Republican in polls even as a range of indicators show that the economy is performing strongly. (The White House is putting the blame on corporations that “try to rip off Americans.” Watch for that theme at Thursday’s State of the Union address.)

Persons: Biden, Donald Trump, Jay Powell, Trump Organizations: Super, Biden, ” Locations: Thursday’s State

☆ Powell will reinforce the "no rush to cut rates" message on Capitol Hill, says Roger Ferguson
▼ + stars: | 2024-03-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPowell will reinforce the "no rush to cut rates" message on Capitol Hill, says Roger FergusonRoger Ferguson, Former Federal Reserve Vice Chairman and Former TIAA CEO, discusses his expectations for Jay Powell's testimony on Capitol Hill.

Persons: Powell, Roger Ferguson Roger Ferguson, Jay Powell's Organizations: Federal, Capitol

☆ Dollar scales fresh peaks as Fed cut bets recede
▼ + stars: | 2024-02-05 | by ( ) www.cnbc.com time to read: +3 min

"A one-two punch from Jay Powell's FOMC presser and a very strong nonfarm payrolls report have essentially closed the door on a March rate cut," said Chris Weston, head of research at Pepperstone. The Japanese yen was last 0.15% lower at 148.58 per dollar, having hit a trough of 148.82 earlier in the session. Treasury yields also jumped on expectations of higher-for-longer U.S. rates, with the two-year yield, which typically reflects near-term interest rate expectations, last up nearly seven bps at 4.4386%. That did little to help the yuan, with the offshore yuan last marginally lower at 7.2182 per dollar, pressured by a stronger greenback. "So far we've just seen speculation and some media reports talking about further support for the equity market or the property market.

Persons: Jerome Powell's, Jay Powell's FOMC presser, Chris Weston, Powell, Carol Kong, CBA's Organizations: Federal Reserve, New, Traders, Fed, CBS, Sterling, Commonwealth Bank of Australia, Treasury Locations: Buenos Aires, Argentina, New Zealand

☆ The IPO market is looking very shaky and facing challenges galore
▼ + stars: | 2024-02-01 | by ( Bob Pisani | ) www.cnbc.com time to read: +4 min

The IPO market is looking very shaky and confronted with a host of challenges that are holding it back. Regardless, recent IPO performances have been poor across the board. IPO investors cheered the advance by bidding up the Renaissance Capital IPO ETF (IPO), a basket of recent IPOs, in December, assuming the IPO market would open up. CNBC's Jim Cramer, speaking early Thursday on Squawk on the Street , highlighted another obstacle for IPO buyers: investors are getting comfortable returns elsewhere with far lower risk. When David Faber asked why the IPO market was off to such a slow start with the markets so strong, Cramer replied, "I think it's the five percent solution," he said, referring to the ocean of money still sitting in money market funds.

Persons: Jay Powell's, Birkenstock, Smith Douglas, Amer, Greg Martin, Martin, Matt Kennedy, Kennedy, What's, Rainmaker, Del, CNBC's Jim Cramer, David Faber, Cramer Organizations: Amer, Wilson, NYSE, Smith Douglas Homes, BrightSpring, Renaissance Capital, Rainmaker Securities, Renaissance, Microsoft Locations: EBITDA, Squawk

☆ Premarket stocks: The Fed isn’t vexing markets. Here’s what might
▼ + stars: | 2024-01-31 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

But with practically all of Wall Street in agreement that no changes will be made, investors are focused on Fed Chair Jerome Powell’s afternoon press conference where he’ll answer questions about his outlook for monetary policy. Conflict in the Middle East and the Red Sea in particular “poses a risk to global trade,” said EY Senior Economist Lydia Boussour on Tuesday. That’s a huge blow to trade: As much as 15% of global trade and 25%-30% of global container shipments transit through the waterway. “For now, we don’t expect the situation in the Red Sea to substantially alter the outlook for global inflation and global monetary policy this year,” said Boussour. The company reported earnings per share of $2.93, beating Wall Street expectations of $2.79.

Persons: Jerome Powell’s, Powell isn’t, we’ve, ” Johns, Laurence Ball, Kevin Gordon, Charles Schwab, Gordon, ”, There’s, Jay Powell, CNN’s Arlette Saenz, Joe Biden, “, Brent, EY, Lydia Boussour, “ We’ve, Satya Nadella Organizations: CNN Business, Bell, New York CNN, Federal Reserve, ” Johns Hopkins, “, Commerce Department, West Texas Intermediate, International Monetary, Microsoft, Revenue Locations: New York, East, Europe, China, Jordan, Gaza, Suez, Iran

☆ Jeffrey Gundlach says all the 'Goldilocks' talk makes him nervous, thinks recession is still likely
▼ + stars: | 2024-01-31 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

DoubleLine Capital CEO Jeffrey Gundlach believes the Federal Reserve poured cold water on hopes for a "Goldilocks" economic scenario benefiting risk assets, and the bond king stuck to his call for a likely recession this year. "When I hear the word 'goldilocks,' I get nervous," Gundlach said Wednesday on CNBC's "Closing Bell." But Gundlach believes the market's faith was blindly optimistic and that Powell's message on Wednesday crushed the "Goldilocks" theory. "I think you want cash to be able to get into emerging market trade once the economy slows and perhaps goes into recession," Gundlach said. If we go into the United States recession, I think we will see a buying opportunity and you want cash for that."

Persons: Jeffrey Gundlach, Gundlach, Jay Powell, Jerome Powell, Stocks, Powell Organizations: DoubleLine, Federal Reserve, Federal, Fed, CNBC PRO Locations: United States

☆ Central bank blunders undermine tough rate talk
▼ + stars: | 2023-12-05 | by ( Francesco Guerrera | ) www.reuters.com time to read: +8 min

Comments by central bankers underline their desire to keep interest rates high until price growth quiesces. Policymakers’ recent mistakes mean they will struggle to convince investors their tough talk is real. U.S. Federal Reserve Chair Jay Powell says his fellow policymakers are “not thinking about rate cuts at all”. In May, after another U.S. regional bank failure, markets concluded that the Fed’s rate hike at the beginning of that month would be its last. Respected central bankers might be able to convince markets that these numbers don’t portend imminent rate cuts.

Persons: Jay Powell, Christine Lagarde, Andrew Bailey, Powell, backtrack, –, Lagarde, Treasuries, BoE, Bailey, Ben Bernanke, Jacob Frenkel, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, Traders, U.S . Federal, European Central Bank, Bank of England, titans, Deutsche Bank, Treasury, Reuters Graphics Reuters, LSEG, Silicon Valley Bank, Fed, ECB, Bank of Israel, Federal Reserve, European, Thomson Locations: Silicon, Bailey, United States, Ukraine, Central

☆ The market could be rallying itself out of the Fed interest rate cuts it wants so badly
▼ + stars: | 2023-12-05 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Rallies in the stock and bond markets could be undone by the very thing that seems to be underpinning the moves higher. The Fed relies on an amorphous group of indicators collectively known as "financial conditions" to help judge the state of play on policy. True to form, a Chicago Fed baromete r is showing financial conditions at their easiest since early February 2023. But I think they don't want to be premature, because they also know there's a risk of the economy restarting with the loosening of financial conditions. "That does not necessarily support the 'happy days are here again' everything-rally that we're currently seeing in the market."

Persons: Jerome Powell, Roger Ferguson, Powell, Jay Powell, Peter Boockvar, they're, Ferguson, Wharton, Jeremy Siegel, we're Organizations: Federal Reserve, Treasury, Dow Jones, Bleakley Financial, Chicago Fed, Committee, Traders, Fed, Group, CNBC

☆ Jay Powell wants to be remembered as Paul Volcker not Arthur Burns: Former Fed Governor Kroszner
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJay Powell wants to be remembered as Paul Volcker not Arthur Burns: Former Fed Governor KrosznerRandy Kroszner, former Federal Reserve governor, joins 'Squawk on the Street' to discuss his thoughts on the latest economic data, the Federal Reserve's upcoming playbook, and whether the Fed will weigh the weaker economic data even more.

Persons: Jay Powell, Paul Volcker, Arthur Burns, Kroszner Randy Kroszner Organizations: Former, Federal Reserve, Federal

☆ The drop in oil prices is good news for the war on inflation, but don't expect an overnight change
▼ + stars: | 2023-11-17 | by ( Bob Pisani | ) www.cnbc.com time to read: +3 min

The big drop in oil prices is great news for consumers and the war on inflation. Additionally, higher oil prices contribute to inflation directly by increasing the cost of inputs, such as food packaging. It would seem reasonable to assume the opposite is true: falling oil prices will decrease inflation. Energy analyst Andy Lipow tells me that while it is reasonable to assume falling oil prices will reduce inflation, falling prices may not reduce inflation as much or as fast as rising prices increase inflation. "When oil prices fall, we do not see gasoline and diesel prices fall as quickly — certainly not at the retail level."

Persons: Daniel Yergin, CNBC's Becky Quick, Jay Powell, Andy Lipow, — Organizations: P Global, Chevron, U.S . Senate, Energy Locations: U.S, China, Israel

☆ Fed Chair Jay Powell is 'crystal clear' about the 2% inflation target: Requisite's Bryn Talkington
▼ + stars: | 2023-11-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFed Chair Jay Powell is 'crystal clear' about the 2% inflation target: Requisite's Bryn TalkingtonBryn Talkington, Steve Weiss, Josh Brown, and Bill Baruch join 'Halftime Report' to discuss the outlook for interest rates, the possibility of a soft landing, and more.

Persons: Jay Powell, Bryn, Bryn Talkington, Steve Weiss, Josh Brown, Bill Baruch

☆ Cramer says these 4 stocks will benefit from the end of Fed's rate-hiking cycle
▼ + stars: | 2023-11-14 | by ( Jeff Marks | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. "We've been big fans of what [Fed Chair] Jay Powell is doing and staying the course and our portfolio reflects that," Jim Cramer said Tuesday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Stocks, We've, Jay Powell, Stanley Black, Decker, Morgan Stanley, James Gorman, they've, They're, Jim, We're, Jim Cramer's Organizations: CNBC, Federal, Treasury, Procter, Gamble, Nvidia, TJX Companies Locations: Homegoods

Stock futures this morning are pointing to another weak open. The subdued jobs report released last week led many on Wall Street to predict that the Fed would stop increasing borrowing costs. Not so fast, the central bank’s chief suggested at an event hosted by the International Monetary Fund in Washington. He called out the “head fakes” posed by fluctuating inflation data, and reiterated that the door remained open for further interest rate increases. (Speaking of doors: Powell appeared to lose his cool when climate change protesters disrupted his speech, issuing a profanity as they were escorted off the stage.)

Persons: Jay Powell, —, Powell hasn’t, ”, Powell Organizations: Stock, International Monetary Fund Locations: Ukraine, Washington

☆ Cramer says 'innovation and self-help' allow stocks to resist the pull of the bond market
▼ + stars: | 2023-11-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

To Cramer, stocks able to do well in these uncertain conditions have strong innovation and effective cost-saving measures. "Innovation and self-help are what allows stocks to buck the pull of the bond market," he said. He said Meta and Alphabet are effectively using AI to bolster ad sales, which are higher than many traditional media channels. He also said Apple 's products are "special" enough to withstand pressures from the bond market. Cramer then highlighted Disney , which he said is managing a powerful turnaround despite bond market stress.

Persons: CNBC's Jim Cramer, Jerome Powell's, Cramer, could've, Jay Powell's, Powell Organizations: Microsoft, Nvidia, Apple, Disney

☆ Morning Bid: Waiting for word from the Fed chief
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Federal Reserve Board Chair Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. Last week's surprisingly soft jobs data heightened expectations that interest rates had peaked, but Fed commentary since then has warned against complacency in the fight against inflation. For now, investors have dialled up wagers on near-term rate cuts, with the Fed funds rate showing better than 50/50 odds for one as early as May. In Asia time, long-term Treasury yields are stuck around 4.58% and the dollar is biding its time around $1.07 per euro. While the Fed outlook dominates investors' attention, there is plenty of central bank speak in store from Europe as well.

Persons: Jerome Powell, Kevin Lamarque, Kevin Buckland, Jay Powell, Christine Lagarde, Philip Lane, Joachim Nagel, Pablo Hernandez de Cos, Andrew Bailey, Fed's Powell, Lagarde, BoE's Bailey, Edmund Klamann Organizations: Federal, Committee, Federal Reserve, REUTERS, Kevin, Kevin Buckland Markets, Reuters Graphics, Bank of Spain, Bank of England, Adidas, Airbus, Bayer, Continental, Credit Agricole, Federal Reserve Division of Research, Statistics, Thomson Locations: Washington , U.S, Asia, Europe, Germany, Brussels, Irish

☆ Americans say the economy stinks. But they’re spending like it’s great
▼ + stars: | 2023-11-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +3 min

There’s a conundrum that economists and political strategists have been chewing on for more than a year: The economy is good, but Americans say it’s lousy. Just 2% of voters say the economy is excellent, according to a New York Times-Siena College poll. But there’s a conundrum within the conundrum, which is that, despite what Americans say, they are not behaving like a people particularly worried about the economy. That’s why Americans are pulling money from their 401(k)s at an alarming rate to pay the bills. For young people living paycheck to paycheck, the dream of homeownership (and the financial security that comes with it) feels frustratingly out of reach.

Persons: CNN Business ’, Bidenomics, Taylor Swift, they’re, It’s, Jay Powell, it’s squishy, don’t Organizations: New, New York CNN, CNN Business, New York Times, Siena, Starbucks Locations: New York, pollsters

☆ Sen. Rick Scott: I wouldn't want to have a report card if I was Jay Powell right now
▼ + stars: | 2023-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSen. Rick Scott: I wouldn't want to have a report card if I was Jay Powell right nowSen. Rick Scott (R-Fla.) joins 'Squawk Box' to discuss his calls to hold Fed Chair Powell accountable for failing to reduce the Fed's balance sheet, the rise of antisemitism on college campuses in the wake of the Israel-Hamas war, and more.

Persons: Email Sen, Rick Scott, Jay Powell, Sen, Powell Organizations: Email Locations: Israel

☆ 'Powell has to be on high alert': Wharton professor Jeremy Siegel says the Fed needs to consider rate cuts a lot sooner than the market thinks
▼ + stars: | 2023-11-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Wharton professor Jeremy Siegel said the Federal Reserve needs to consider interest rate cuts a lot sooner than expected. "I think Jay Powell has to be on high alert because we did get some weak data," Siegel said. AdvertisementAdvertisementWharton professor Jeremy Siegel said Monday that the Federal Reserve needs to stay flexible and consider interest rate cuts a lot sooner than the market expects. He ultimately expects the Fed's next interest rate move to be a cut rather than a hike, and it should come sometime in 2024. I think the next move is a cut and it might come even sooner than we think given the data," Siegel said.

Persons: Wharton, Jeremy Siegel, Jay Powell, Siegel, —, I'm, he's, Powell, It's, He's Organizations: Federal Reserve, CNBC, Service

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