Jerome 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...

U.S. stocks rallied on Wednesday morning after U.S. Federal Reserve Chair Jerome Powell suggested a U.S. interest rate cut may be imminent. Powell presented his semiannual monetary policy report to the House Financial Services Committee on Wednesday, and investors have now high hopes for a rate cut...

The Federal Reserve opted not to cut interest rates last week, and President Donald Trump is once again expressing his displeasure with the Fed and his appointed Fed Chair Jerome Powell. Trump lashed out at the Fed Monday on Twitter, telling followers the Fed “doesn’t know what it...

U.S. stocks bounced back Tuesday in part due to Federal Reserve Chairman Jerome Powell's comments the central bank will "act as appropriate" amid a trade war showing minimal signs of resolving anytime soon. What Happened Powell said during a speech in Chicago he isn't sure "...

The S&P 500 took a hard dive on Friday after the bond market finally gave investors the bearish signal they have been fearing for months. For the first time since 2007, the yield on the 10-year Treasury note fell below the yield on 3-month Treasury bills briefly on Friday morning. Yield curve...

President Donald Trump told reporters Wednesday tariffs on Chinese goods could remain in place for an extended period of time. The bearish comments came on the same day the FOMC minutes revealed a cautious Fed. Trade War Comments Trump told reporters that, even if a trade deal with China is reached...

Two days after a surprisingly weak U.S. jobs report rattled investors Friday, an in-depth interview with Federal Reserve Chair Jerome Powell aired on “60 Minutes” Sunday. Powell spoke about the Fed’s approach to interest rates in coming months, the health of the U.S....

Federal Reserve Chair Jerome Powell completed his second day of testimony in Washington Wednesday related to the Fed’s monetary policy outlook. Powell discussed the Fed’s interest rate target, scaling back the Fed’s balance sheet and U.S. household debt levels. Inflation Target...