Jerome Powell

Spooked by the coronavirus, investors worldwide have transferred their money to low-risk investments. “That’s understandable,” Jerome Powell, chairman of the Federal Reserve, said Thursday on The Today Show. “But what that’s meant is that many places in the...

U.S. markets roared back Monday from last week’s sell-off. However, the S&P 500 is still down 11.1% overall since Feb. 19, and many experts believe the worst of the coronavirus outbreak that has spooked the market is yet to come. To Cut Or Not To Cut? Given last week’s stock market...

It was almost a year ago when a Fed meeting helped send stock indices plunging into bear or near-bear territory. The Fed’s decision back then to raise rates for a fourth time in 2018 put new interest rate fear into an already shaky market. By Christmas Eve, the S&P 500 Index (SPX) was...

President Trump is not a big fan of Jay Powell's Fed. He's made this abundantly clear in the past and did so again yesterday in his speech on the economy, saying the Fed should have been more aggressive in cutting interest rates, and that countries with lower interest rates have an unfair...

If you wanted a trick, you’ll have to wait until tomorrow because the Fed didn’t have any up its sleeves today. Instead, the Fed delivered the “treat” most analysts had expected going  into this week’s meeting, cutting the Fed funds rate by 25 basis points back to...

The consensus in markets right now is that Jerome Powell is forced to make a 25-basis-point cut despite a string of very good U.S. economic data. With the cut will come dissenters and hawkish language; despite the existential issues with a market that is dependent on the Fed, this remains Powell...

Last week, it was all about jobs data and comments from Jerome Powell. And while Non-Farm Payrolls disappointed, coming in slightly below expectations at 130k vs. 160K – Powell did not! The Fed Chair said he doesn’t foresee a U.S. recession and the U.S. economy is in a good place. U.S....

U.S. President Donald Trump has never been shy of sharing his feelings about Federal Reserve Chairman Jerome Powell. Just a couple of hours after China threatened to again retaliate to new U.S. tariffs with its own set of tariffs on $75 billion worth of U.S. imports, Trump once again slammed Powell...

EUR/USD navigates near weekly lows around the 1.1060 region. The Greenback stays bid and weighs on the pair. Fed’s Powell speaks at Jackson Hole later in the day. The sentiment around the European currency remains bearish although EUR/USD has so far managed well to hold on above the 1.1060...

A highly anticipated speech from Fed Chairman Jerome Powell is scheduled for a little later this morning. Given how jittery the market has been with the Treasury yield inversions and recession fears, ultra-low longer-term U.S. government debt yields, and continued worry about the trade war, today...

The Federal Reserve has "some explaining to do" if it speeds up the pace of interest rate cuts, CNBC quoted Chris Rupkey, chief financial economist at MUFG, as saying in a note. What Happened The Federal Reserve's recent interest rate cut in late July looks "more out of line...

After a decade without cutting interest rates, the Fed announced a quarter-point easing Wednesday and also ended its balance sheet reduction program earlier than expected.  However, stocks fell sharply after the decision, possibly because in its post-meeting statement and press conference, the...

The list of experts in favor of the Federal Reserve lowering its benchmark rate gained more validity over the weekend after former Chair Janet Yellen said she supports a 25-point basis cut. What Happened Yellen, chair of the Federal Reserve from early 2014 to early 2018, said at the Aspen Economic...

As we head into day two of Jerome Powell’s testimony on Capitol Hill, the focus will shift from Fed dovishness and expectations for a rate cut later this month to inflation figures due out today and tomorrow. Yesterday, Powell in comments to the House stated, “uncertainties around trade...