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Search resuls for: "Jacques Polak"


3 mentions found


CNBC Daily Open: Bond yields resurge on Powell’s speech
  + stars: | 2023-11-10 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
Jerome Powell, Chairman of the U.S. Federal Reserve, speaks during the 24th Jacques Polak Annual Research Conference in Washington DC, United States on November 09, 2023. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. But SoftBank still recorded a quarterly loss of 931.1 billion yen — that's around $6.2 billion — on the collapse of WeWork. [PRO] Higher than neutralThe Federal Reserve projects the U.S.' neutral interest rate — the so-called rate at which rates neither encourage nor constrict the economy — to be 2.5%.
Persons: Jerome Powell, Jacques Polak, Hawkish Powell, Powell, there's, Tesla, SoftBank, Goldman Sachs Organizations: U.S . Federal Reserve, Washington DC, CNBC, Nasdaq, AstraZeneca, Azelis, HSBC Global, HSBC, Fund, Federal Reserve Locations: Washington, United States, U.S, Belgian, Tesla's, SoftBank
Fed Chair Powell speech delayed by climate protestors
  + stars: | 2023-11-09 | by ( ) www.cnbc.com   time to read: 1 min
Federal Reserve Chairman Jerome Powell (L) is rushed off stage as climate protesters walk on stage during the 24th Jacques Polak Annual Research Conference at the International Monetary Fund headquarters in Washington, DC, on November 9, 2023. Federal Reserve Chair Jerome Powell resumed a speech at the International Monetary Fund on Thursday after climate protestors briefly disrupted the eventPowell left the stage after the arrival of the protestors, who were chanting "end fossil finance." It was the second time in weeks that a Fed chair event was disrupted by climate protestors. Israel's central bank chief Amir Yaron, a fellow panelist at the event, remained on stage throughout.
Persons: Jerome Powell, Jacques Polak, Powell, Amir Yaron Organizations: International Monetary Fund, Federal, Fed Locations: Washington ,
For the second time in recent weeks, a public speech from Powell was interrupted by climate protesters. Powell said that inflation is "well above" where the Fed would like to see it. "The Fed will be true to its mandate and hike further should inflation reaccelerate." "Monetary policy is generally working the way we think it should work" Powell said during a discussion following his speech. But Powell noted that the Fed is "attentive" that stronger than expected growth could undermine the fight against inflation and "warrant a response from monetary policy."
Persons: Jerome Powell, Powell, Stocks, Jeffrey Roach, Jacques Polak Organizations: International Monetary Fund, Dow Jones, Treasury, LPL, CME Group, Traders, Gross, Research Locations: Washington ,
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