DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Timothy Massad - 1 CNBC's Jim Cramer - 1 Massad - 1 Cramer - 1 Binance - 1 Coinbase - 1 Jay Powell - 1 we've - 1
Top related locs:
Top related orgs:
Futures Trading Commission - 1 Securities and Exchange - 1 SEC - 1 Federal - 1

Search resuls for: "Jay Powell"


25 mentions found


☆ Former CFTC chairman says crypto needs investor protections and a whole new industry trading framework
  + stars: | 2023-06-06 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
According to Massad, the government and the Securities and Exchange Commission must create a new industry framework that protects investors, prevents fraud and manipulation, and finally answers the contentious question: are digitized tokens securities? One of the largest issues in crypto concerns wash trading, which is when someone trades with themselves or affiliates to mislead others about stock performance. Massad said this type of fraud accounts for 50% to 90% of the trading on crypto platforms. "And these trading platforms, most of them do have their own proprietary trading operations, which they shouldn't have." So, again, there are some questions about where do we really want to go, but we've got to have much better investor protection."
Persons: Timothy Massad, CNBC's Jim Cramer, Massad, Cramer, Binance, Coinbase, Jay Powell, we've Organizations: Futures Trading Commission, Securities and Exchange, SEC, Federal
☆ In the Market: Amid the calm, the Fed brews the next storm
  + stars: | 2023-05-29 | by ( Paritosh Bansal | ) www.reuters.com   time to read: +4 min
Earlier this month, Chairman Jay Powell said the Fed's monetary policy and financial stability tools were "working well together," allowing it to support banks and pursue price stability. But several people in the market believe not only is the regional banking sector still under stress, multiple other risks to financial stability also remain. Tighter monetary policy could well cause them to blow up or worsen the impact of other shocks, such as debt ceiling negotiations. "The Fed has no desire to conduct monetary policy through financial crises," said Wendy Edelberg, director of The Hamilton Project at the Brookings Institution. In its most recent financial stability report earlier this month, the Fed listed several areas of concern, including life insurance and some types of bond and loan funds.
☆ Morning Bid: Not so fast, debt ceiling bulls!
  + stars: | 2023-05-22 | by ( ) www.reuters.com   time to read: +2 min
A look at the day ahead in European and global markets from Kevin BucklandYou didn't think it would be that easy, did you? Investors are on edge after equities and the dollar got knocked back Friday, when Republican negotiators unexpectedly walked out of debt ceiling talks. Discussions now seem to be back on track, with President Joe Biden due to meet House Republican Speaker Kevin McCarthy later today. Another potential boost comes from the PBOC's assessment that the fundamentals of China's economic stability and long-term improvement have not changed. Luis de Guindos and Philip Lane are among Lagarde's ECB colleagues on speaking duty today.
☆ What to Watch in Today’s Jobs Report
  + stars: | 2023-05-05 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
A pivotal jobs reportThe U.S. labor market appears to be slowing. That’s the big question hanging over today’s payroll numbers, which are due for release at 8:30 a.m. Eastern. Forecasters have repeatedly underestimated the strength of the post-pandemic labor market. Instead, employers have added roughly 4.5 million jobs since the central bank started increasing interest rates in March 2022. Another hot jobs number could still influence the Fed’s interest rate policy.
☆ Veru: There's a battle between what the yield curve and Jay Powell are saying about rates
  + stars: | 2023-05-05 | 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 EmailVeru: There's a battle between what the yield curve and Jay Powell are saying about ratesPalisade Capital Management co-chairman & CIO Dan Veru discusses why he believes the Fed is essentially done raising rates, whether there will be a cut this year, and highlights a few under-the-radar names that offer meaningful returns.
☆ PacWest’s Stock Plunge Reignites Banking Sector Fears
  + stars: | 2023-05-04 | by ( Andrew Ross Sorkin | Ravi Mattu | Bernhard Warner | ) www.nytimes.com   time to read: +1 min
PacWest plunges as banking woes spreadThe regional banking sector is teetering again, with PacWest’s stock plummeting more than 35 percent in premarket trading, despite the Fed chair Jay Powell’s assessment that the worst is over. The Los Angeles-based lender confirmed that it was talking to potential investors following reports that it was exploring a sale. Investors may be feeling some déjà vu after witnessing two big bank failures, and billions in market value wiped out, since the collapse of Silicon Valley Bank in March. It’s not just PacWest in free-fall. News of a potential PacWest sale, first reported by Bloomberg — and confirmed by DealBook — came just hours after Mr. Powell declared that the banking system was “sound and resilient.”
☆ Jay Powell may have to raise rates 8-10 percent to fight inflation, says Sen. John Kennedy
  + stars: | 2023-05-03 | 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 EmailJay Powell may have to raise rates 8-10 percent to fight inflation, says Sen. John KennedySenator John Kennedy(R-LA.) joins 'The Exchange' to discuss financial system risks and Fed rate hikes.
☆ Warren Buffett wants harsher penalties for top leaders of failed banks
  + stars: | 2023-04-12 | by ( Chris Isidore | ) edition.cnn.com   time to read: +4 min
New York CNN —Billionaire investor Warren Buffett isn’t worried about the state of the US banking industry — but he would like to see much tougher consequences for top leaders of the banks that fail. In the wake of the failure of Silicon Valley Bank, Buffett reflected on the public’s frustration after the 2008 financial crisis. The FDIC’s move was an extraordinary one, and Buffett said it gives him confidence about the state of the industry. It will be the banks, not US taxpayers, who will have to pay if the costs of bank failures rise, he added. “I do not think I could run the Fed as well as Jay Powell has done,” Buffett said.
☆ Jay Powell was a bit more hawkish than I expected, Cramer says
  + stars: | 2023-03-24 | by ( Jim Cramer | ) 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 was a bit more hawkish than I expected, Cramer saysMad Money host Jim Cramer says Fed Chair Jay Powell was a bit more hawkish than he expected at this week's Fed press conference. He didn't give any indication he's done tightening, says Cramer.
☆ The initial market reaction to a Fed meeting is almost always a head fake, says Cramer
  + stars: | 2023-03-24 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe initial market reaction to a Fed meeting is almost always a head fake, says CramerMad Money host Jim Cramer says Fed Chair Jay Powell was a bit more hawkish than he expected at this week's Fed press conference. He didn't give any indication he's done tightening, says Cramer.
☆ Treasury's Janet Yellen rains on Jay Powell's parade
  + stars: | 2023-03-23 | by ( Bob Pisani | ) www.cnbc.com   time to read: +3 min
Federal Reserve Chairman Jerome Powell's press conference Wednesday threaded the needle almost perfectly. By the time Powell ended the press conference around 3:15 p.m. Both Yellen and Powell have been at great pains to say that deposits are safe, and by so doing are implying an implicit backstop for deposits. Powell, in his press conference, said "I think depositors should assume that their deposits are safe." But in her testimony Wednesday, Yellen said the Federal Deposit Insurance Corporation (FDIC) was not considering providing "blanket insurance" for all banking deposits.
☆ Fed’s self-scrutiny starts off on the wrong foot
  + stars: | 2023-03-22 | by ( John Foley | ) www.reuters.com   time to read: +7 min
Banks with assets worth $100 billion or more face elaborate reviews, which involve a body called the Large and Foreign Banking Organization Management Group. Supervisors had previously noted, and reflected to the Fed group, which vets bank ratings, that SVB had made progress in tackling some of its weaknesses. The central bank doesn’t even acknowledge the existence of the LFBO Management Group on its public-facing website. Rather than just investigate itself, the Fed board could learn from the companies it regulates. SVB was part of the Fed’s “Large and Foreign Banking Organization” supervisory regime, which covers firms with more than $100 billion of assets.
☆ Market nerves tie US rate-setters’ hands
  + stars: | 2023-03-22 | by ( Ben Winck | ) www.reuters.com   time to read: +3 min
On Wednesday the central bank raised interest rates a quarter point. The failure of Silicon Valley Bank nearly two weeks ago upended the U.S. financial system, and the Fed and other agencies have had to provide a steadying hand. But by Wednesday morning, just before the central bank’s decision, the futures market was mostly pricing in a 25 basis point hike. Futures contracts tracking the central bank’s benchmark rate have also been shaky. Wall Street reforms passed in 2010 crystallized the central bank's duty to foster a stable financial system.
☆ We're much closer to the end of the rate-hike cycle, says NZS Capital's Brad Slingerlend
  + stars: | 2023-03-22 | 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 EmailWe're much closer to the end of the rate-hike cycle, says NZS Capital's Brad SlingerlendBrad Slingerlend from NZS Capital joins 'Closing Bell: Overtime' to discuss the late-day sell-off that hit stocks after Fed Chair Jay Powell's press conference, which followed the announcement of a 25 bps rate hike.
☆ The bank panic is subsiding just in time for the Fed to
  + stars: | 2023-03-21 | by ( Allison Morrow | ) edition.cnn.com   time to read: +4 min
New York CNN —One week ago, right in this here newsletter, I wrote about how Wall Street was having a Zen moment. In the optimistic camp: “The bank crisis-ette is over,” Daniel Alpert, managing partner at Westwood Capital, told me. And it will be the first time the world hears from Fed officials since the collapse of Silicon Valley Bank, thanks to a cosmic twist of timing. But because of the banking turmoil, there is a chance the Fed would decide not to raise rates this time around. If the Fed feels the crisis has passed, Alpert said, it will be emboldened to go for the quarter-point hike.
☆ Elizabeth Warren: Jay Powell has failed as Federal Reserve chair
  + stars: | 2023-03-20 | 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 EmailElizabeth Warren: Jay Powell has failed as Federal Reserve chairCNBC's Joe Kernen reports on news from the Sunday morning talk show, Meet the Press.
☆ Wall Street keeps winning even in a banking crisis
  + stars: | 2023-03-17 | by ( Dakin Campbell | Carter Johnson | Rebecca Ungarino | ) www.businessinsider.com   time to read: +12 min
"Not only are these big banks not sitting around and waiting for the phone to ring, they are also being proactive." Amid the nation's most troubling turmoil in banking since the global financial crisis nearly 15 years ago, the big banks are flexing their collective muscle. The 2008 financial crisis humbled the banking behemoths; the 2023 crisis of regional banks has now only cemented their power. For an increasingly stretched financial system, the big banks provide a needed stability. The flight to safety that is benefiting the big banks will have a cost, however.
☆ Deposit insurance is addiction not medication
  + stars: | 2023-03-16 | by ( John Foley | ) www.reuters.com   time to read: +7 min
NEW YORK, March 16 (Reuters Breakingviews) - Deposit insurance is as American as apple pie, and twice as unhealthy. Bank deposits in the United States are guaranteed up to $250,000, and over 90% of SVB’s accounts held more than that sum. Alternatively, regulators could invite the market to provide a solution – say, with privately funded insurance for deposits over the guaranteed limit. The trouble is that deposit insurance is like Novocaine – the higher the dose, the more the patient becomes numb. For that reason the best option is probably to do nothing – or better still, lower the deposit insurance limit.
☆ Jim Cramer says the Fed is on the cusp of a 'soft, safe landing' in its inflation fight
  + stars: | 2023-03-14 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +1 min
The collapse of multiple banks, the potential folding of start-ups and the general unease in the economy all suggest the Federal Reserve is on the "cusp of a soft, safe landing," CNBC's Jim Cramer said Tuesday. "Until last week's banking fiasco, I think [Federal Reserve Chair] Jay Powell was losing the war against inflation," Cramer said. Cramer acknowledged that prices remain high for travel, housing, and groceries, but given the broader turmoil, "we don't want the Fed to turn a potential soft landing into a hard one." Regional banks have largely rebounded from concerns over SVB's deposit run, which Cramer said he had never seen in his lifetime. "I now believe it would be reckless if Powell goes much beyond 5%," Cramer said.
☆ Jeffrey Gundlach says Fed will hike funds rate next week to save credibility — but shouldn't
  + stars: | 2023-03-13 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
Jeffrey Gundlach speaking at the 2019 SOHN Conference in New York on May 6th, 2019. "I just think that, at this point, the Fed is not going to go 50. I would say 25," Gundlach said on CNBC's "Closing Bell" Monday. While Gundlach, sometimes called the "bond king" sees more tightening ahead, he doesn't necessarily think that's the correct response right now. The widely followed investor also warned that the rapid steepening of the Treasury yield curve after a sustained period of inversion is highly indicative of imminent recession.
☆ The bond market's recession warning has gotten more urgent
  + stars: | 2023-03-13 | by ( Patti Domm | In | ) www.cnbc.com   time to read: +5 min
The bond market is sending a more urgent recession warning and also signaling that the Federal Reserve may have to pause raising interest rates — giving up its fight against inflation. The sharp move in the 2-year yield also resulted in a rapid steepening of the yield curve. "The steepening always starts to happen because the market expects the Fed to cut rates in response to that recession." DoubleLine Capital CEO Jeffrey Gundlach also said the "aggressively steepening" of the Treasury yield curve after inversion is "highly suggestive of imminent recession." The 2-year yield jumped above 5% after he spoke.
☆ Bank-rule pendulum swings back to 'safety first'
  + stars: | 2023-03-13 | by ( John Foley | ) www.reuters.com   time to read: +5 min
NEW YORK, March 13 (Reuters Breakingviews) - The crisis that struck the U.S. banking system over the weekend had many causes. After the 2008 crisis, Congress bound up the financial system with rules to prevent bank death spirals. The major financial authorities – the Fed, the Federal Deposit Insurance Corp and the Office of the Comptroller of the Currency – applied the lighter touch. The Fed was permitted to retain tough rules for banks with assets over $100 billion, but decided not to. There are, after all, only 17 banks with assets between $100 billion and $250 billion – two fewer than last week.
☆ Cramer says here's what Jay Powell needs to do next
  + stars: | 2023-03-10 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCramer says here's what Jay Powell needs to do nextMad Money host Jim Cramer weighs in on what he thinks Jay Powell should do next.
☆ In just a few minutes this week, Powell changed everything on market's view of interest rates
  + stars: | 2023-03-09 | by ( Jeff Cox | ) www.cnbc.com   time to read: +3 min
Federal Reserve Chair Jerome H. Powell testifies before a House Financial Services hearing on "The Federal Reserve's Semi-Annual Monetary Policy Report" on Capitol Hill in Washington, U.S., March 8, 2023. That changed after Powell's appearance, during which he cautioned that if inflation data remains strong, he expects rates to go "higher than previously anticipated" and possibly at a faster pace than a quarter point at a time. Basically, it was the January inflation data plus signs that the labor market remains remarkably strong despite the Fed's efforts to slow it down. Brusuelas is among those who think the Fed should accelerate its inflation battle with a half-point rate hike. However, he said policymakers could be swayed by a potentially softer jobs report and inflation data next week that reverses course and shows price increases abating.
☆ Gayeski: In this investment environment, focus on preservation of capital
  + stars: | 2023-03-08 | 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 EmailGayeski: In this investment environment, focus on preservation of capitalFS Investments' Troy Gayeski explains how Fed Chairman Jay Powell's testimony is impacting the markets.
<< prev 4 next >>
Total: 25