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That happened Sunday when Trump posted on social media, in capital letters, that Powell “was not my attorney, and never was." Smith's indictment notes Trump privately told others that he thought her election fraud ideas sounded “crazy." Campaigning in New Hampshire on Monday, Trump appeared to refer to Powell and Cheesbro as “good people” and said prosecutors worked to “hound” and “scare” them. Steve Sadow, Trump's lead attorney in the Georgia case, expressed confidence that Powell’s plea wouldn’t hurt Trump, saying last week that any truthful testimony offered would be "favorable to my overall defense strategy." The Georgia indictment accuses Powell in a plot to illegally access a county's voting equipment.

Persons: — Sidney Powell, Donald Trump, Kenneth Chesebro, Trump, Joe Biden, —, “ It's, it’s, John Fishwick, Powell, “ She's, — Powell, Chesebro, That's, Fani Willis, winnow, ”, Anthony Michael Kreis, Jack Smith, Smith, “, Jessica Roth, “ They're, Jack Smith's, Powell “, Rudy Giuliani, Jenna Ellis, ” Kreis, she'd, Giuliani, Ellis, Hugo Chavez, Biden, Kreis, Cheesbro, Steve Sadow, Trump's, he's, John Eastman, Randall Eliason, you've, ___ Tucker, Jill Colvin Organizations: ATLANTA, White, Trump, Western, of, Georgia State University, Cardozo School of Law, Twitter, Fulton County, Biden, Georgia Republicans, George Washington University, Associated Press Locations: Fulton County , Georgia, U.S, of Virginia, Fulton County, Georgia, Germany, New Hampshire, Washington, Derry , New Hampshire

☆ Could Fed Chair Powell’s Jackson Hole speech send stocks plunging again?
▼ + stars: | 2023-08-24 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

New York CNN —With Nvidia earnings out of the way, the next test for US markets is Federal Reserve Chair Jerome Powell’s annual speech at the Jackson Hole economic summit on Friday. “In August of 2022, Powell knew the Fed had several more rate hikes to go. Macy’s sounds the alarm on credit card delinquenciesMacy’s is warning of a spike in customers who are failing to make credit card payments, adding to the evidence of mounting financial stress on consumers, reports my colleague Matt Egan. This situation is hurting Macy’s business, driving down credit card revenue by 36% year over year and contributing to a quarterly loss, he said. Citing worsening consumer leverage metrics, Macy’s is bracing for a further increase in “bad debt” in its credit card portfolio.

Persons: Jerome Powell’s, Powell, ”, — Powell, “, Tom Graff, Matt Egan, ” Adrian Mitchell, Danielle Wiener, Bronner, Qiana Di, Di Bari, Read Organizations: CNN Business, Bell, New York CNN, Nvidia, Kansas, Fed, Dow Jones, “, Bureau of Labor Statistics Locations: New York, Wyoming, Maui, United States, Qiana Di Bari, Lahaina, Kahului

☆ Elizabeth Warren asks Fed Chair Powell to 'speak directly' to the people he's 'planning to get fired over the next year' by continuing to hike interest rates
▼ + stars: | 2023-03-07 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Fed Chair Jerome Powell testified before the Senate Banking Committee on Tuesday. Sen. Elizabeth Warren asked him how he will respond to Americans that could lose their jobs from interest rate hikes. While inflation is easing, Powell has indicated continued rate hikes will be necessary this year. "Will working people be better off if we just walk away from our jobs and inflation remains 5%-6%?" "We expect 2023 to be a year of significant decline in inflation," Powell said last month.

☆ What to expect from the Fed meeting
▼ + stars: | 2022-12-14 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +5 min

Although that increase would be smaller than the three-quarter-point hikes announced at the past four Fed meetings, it’s nothing to scoff at. Yet Wall Street appears to believe the Fed will eventually be forced to pivot away from, or even reverse its regimen of rate hikes. The Fed will conclude its rate hike regimen by the second quarter of next year, predicted JPMorgan analysts in a recent note. A global problemThe Fed isn’t acting alone, it’s just one of nine central banks expected to make a rate announcement this week. The European Central Bank, the Bank of England and the Swiss National Bank are expected to follow the United States with half-point moves of their own on Thursday.

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