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Search resuls for: "Fed's Jerome Powell"


6 mentions found


☆ Fed's Jerome Powell: Inflation remains too high and path forward is uncertain
  + stars: | 2024-05-01 | 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's Jerome Powell: Inflation remains too high and path forward is uncertainFed Chair Jerome Powell speaks following the Federal Reserve's Federal Open Market Committee's decision to keep interest rates unchanged, and provides updates on the Fed's fight against inflation.
Persons: Fed's Jerome Powell, Jerome Powell Organizations: Federal Reserve's
☆ Morning Bid: Beijing leaves market guessing on yuan
  + stars: | 2023-06-28 | by ( ) www.reuters.com   time to read: +3 min
The People's Bank of China seems to like being enigmatic, throwing the market a curve ball as it fixed the yuan weaker against the dollar than many expected. Dealers had thought the firmer fix on Tuesday meant Beijing was signalling it wanted the yuan's fall to slow, or even stop. The result has been a drop in the offshore yuan back toward Monday's trough, while the market waits for some clarity on Beijing's intentions. Malaysia is set to be the latest to intervene to support its currency, and Japan sounds closer to pulling the trigger every day. Still, the market is clearly betting the yen will keep falling unless, and until, the Bank of Japan backs away from its yield curve policy.
Persons: Wayne Cole, Ueda, Lagarde, it's, That's, Christine Lagarde, Fed's Jerome Powell, Kazuo Ueda, Andrew Bailey, Edmund Klamann Organizations: People's Bank of, Dealers, Wall, Journal, Ministry of Finance, Bank of Japan, Bank's, OECD, Bank of England, Thomson Locations: Wayne, People's Bank of China, Beijing, Monday's, Washington, China, Asia, Malaysia, Japan, Bank's Sintra, Sintra , Portugal
☆ Fed's July meeting will be 'live' interest rate hike decision, says Fed's Jerome Powell
  + stars: | 2023-06-14 | 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's July meeting will be 'live' interest rate hike decision, says Fed's Jerome PowellThe Federal Reserve on Wednesday declined to raise interest rates during its latest FOMC meeting, but also projected two more rate hikes were still on the table for 2023. Fed Chair Jerome Powell answers questions following the rate hike decision.
Persons: Fed's Jerome Powell, Jerome Powell Organizations: Federal Reserve
☆ Fed's Jerome Powell 'didn't fight back' against the stock market with his confident stance on inflation, says 'Bond King' Jeffrey Gundlach
  + stars: | 2023-02-02 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +3 min
DoubleLine CEO Jeffrey Gundlach said Fed Chair Jerome Powell didn't fight back against the stock market in his Wednesday speech. Powell radiated an air of confidence with his encouraging comments about inflation – and it resonated with investors. The US central bank hiked interest rates by 25 basis points on Wednesday as it pushes ahead with its fight against inflation. And he obviously did not fight back against market pricing," Gundlach said in a CNBC interview. That has proved successful in cooling inflation, with latest reading coming in at 6.5% - the lowest in over a year.
☆ Elizabeth Warren slams the Fed's Jerome Powell for 'pushing hard to get more people fired' as he continues to aggressively fight inflation
  + stars: | 2022-12-14 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com   time to read: +4 min
The Federal Reserve hiked interest rates again today, but not at the same fast pace as past months. On Wednesday, the Federal Reserve announced it would be increasing interest rates yet again, raising them 0.5 percentage points. "He's pushing hard to get more people fired because he thinks that is one way to help bring down inflation," Warren told HuffPost's Arthur Delaney, referencing Federal Reserve Chair Jay Powell. This isn't the first time Warren has sounded the alarm on continued interest rate hikes. The Federal Reserve isn't the only body that could take action: Congress could step in with legislation aimed at lowering prices.
☆ Fed's Jerome Powell is not winning against inflation, says Jim Cramer
  + stars: | 2022-11-03 | 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's Jerome Powell is not winning against inflation, says Jim Cramer'Mad Money' host Jim Cramer joins 'Squawk Box' ahead of the market open on Thursday to react to the Federal Reserve's move to raise interest rates by 75 basis points.
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