DIRS.INFO The most relevant business & tech news

☆ Why Jay Powell refuses to be bullied by Wall Street
▼ + stars: | 2024-08-08 | by ( Allison Morrow | ) edition.cnn.com time to read: +4 min

The whole episode underscored a fundamental tension between the Fed, which is focused on economic stability, and Wall Street, which is focused on profit. The message from Powell and other policymakers is clear: We won’t be strong-armed by Wall Street. The BOJ’s deputy governor, Shinichi Uchida, citing volatility in financial markets, said the bank would not raise its policy interest rate as long as markets remain unstable. Powell (formerly in finance, hazel eyes, great ties) appears to have a real opportunity to Volcker it up even more in the coming weeks. That gives Wall Street plenty of time to sit in the corner and deal with its feelings.

Persons: CNN Business ’, Summer, Tim Walz’s, Jerome Hayden Powell, Here’s, Powell, ”, Powell’s, It’s, Paul Volcker fanboy, Shinichi Uchida, Mohamed El, “, Volcker, quieting, Powell isn’t Organizations: CNN Business, New York CNN, Finance, Federal, Stock, CNBC, Wall, Bank of Japan, Bloomberg Locations: New York, FiDi, Powell, Japan

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Jerome Powell to speak at 10:05 a.m. Powell is scheduled to deliver a keynote speech at 10:05 a.m. "While Powell is unlikely to be anywhere near as hawkish as he was last year, he won't want to declare victory either." ET, Dow e-minis were up 106 points, or 0.31%, S&P 500 e-minis were up 10 points, or 0.23%, and Nasdaq 100 e-minis were up 5 points, or 0.03%.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Hewson, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Federal, CMC, Fed, Traders, Nvidia, Microsoft, Dow e, Marvell Technology Inc, Thomson Locations: New York City, U.S, Maui

☆ Jackson Hole Summit: What to expect
▼ + stars: | 2023-08-24 | 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 EmailJackson Hole Summit: What to expectRandy Kroszner, former Federal Reserve governor, joins 'Squawk on the Street' to discuss his thoughts on what to expect from the Jackson Hole Summit, what to expect from the Federal Funds rate next year, and more.

Persons: Randy Kroszner Organizations: Federal Reserve, Jackson, Summit, Federal

☆ Real consumer spend could be up 3-4% this quarter, says JPMorgan's Michael Feroli
▼ + stars: | 2023-08-21 | 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 EmailReal consumer spend could be up 3-4% this quarter, says JPMorgan's Michael FeroliMichael Feroli, JPMorgan chief U.S. economist, joins 'Squawk on the Street' to discuss the expectations for the third quarter, what Jerome Powell could say at this week's Jackson Hole Summit, and more.

Persons: JPMorgan's Michael Feroli Michael Feroli, Jerome Powell Organizations: JPMorgan, Hole Summit

☆ Veteran banker Jeffrey Schmid picked to lead Kansas City Fed
▼ + stars: | 2023-08-02 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Jeffrey Schmid, the new president and CEO of the Kansas City Fed. The Kansas City Federal Reserve is about to get a new leader as the inflation-fighting central bank plots its course ahead. Schmid will serve the remainder of George's five-year term helming the Kansas City Fed, which will take him to Feb. 28, 2026. Interestingly, he arrives at the Fed just before the Kansas City district hosts its annual Jackson Hole summit, which this year will run from Aug. 24-26. The retreat features a keynote address from the Fed chair and often is pivotal in laying out policy strategy.

Persons: Jeffrey Schmid, Jeffrey R, Schmid, Esther George, Southern Methodist University's, Maria Griego, George, Jackson Organizations: Kansas City Fed, Kansas City Federal, Southern Methodist, Southern Methodist University's Cox School of Business, Federal Deposit Insurance Corporation, Mutual, Omaha Bank, Federal Reserve, Associates, Fed, Kansas City Locations: Omaha, Raby, Albuquerque , New Mexico, Kansas

☆ South Africa to host BRICS summit despite Putin arrest warrant
▼ + stars: | 2023-06-29 | by ( Carien Du Plessis | ) www.reuters.com time to read: +2 min

South Africa has a duty as a signatory to the International Criminal Court (ICC) to arrest Putin if he attends the talks between the leaders of Brazil, Russia, India and China, due to an arrest warrant over the deportation of children from Ukraine. "South Africa will host the 15th BRICS Summit at the Sandton Convention Centre in Sandton, Johannesburg, from 22 to 24 August 2023," the Department of International Relations said in a statement. Presidency spokesperson Vincent Magwenya confirmed to Reuters in a text message that this meant the whole summit, including the main part involving the BRICS heads of state, would take place in South Africa. He and a spokesperson for the international relations department declined to comment on whether or not Putin will attend. On Tuesday, South Africa's Minister of International Relations Naledi Pandor said Putin had not yet replied to an invitation, sent before the ICC charged him on March 18.

Persons: Vladimir Putin, Putin, Cyril Ramaphosa, Vincent Magwenya, International Relations Naledi Pandor, Xi Jinping, Narendra Modi, Luiz Inacio Lula da Silva, Pandor, Sergey Lavrov, Tim Cocks, Andrew Cawthorne Organizations: International Criminal Court, ICC, African National Congress, ANC, Department of International Relations, Reuters, South Africa's, International Relations, India's, Thomson Locations: JOHANNESBURG, South Africa, China, Brazil, Russia, India, Ukraine, Africa, Sandton, Johannesburg

Search resuls for: "Hole Summit"

6 mentions found