Jerome Powell
Rates are currently “appropriate,” Powell said in a wide-ranging interview with CBS’s 60 Minutes news show.
And as 2018 closes out with a dramatic slump in stocks and a drop in bond yields, financial markets will need to brace for next year, when Powell is scheduled to make more unscripted public remarks than any Fed chief in history.
U.S. President Donald Trump has privately discussed the possibility of firing Federal Reserve Chairman Jerome Powell.
The U.S. Federal Reserve raised interest rates on Wednesday, as expected, but forecast fewer rate hikes next year.
“I think that would be foolish, but what can I say?” Trump told Reuters in an interview.
U.S. Federal Reserve Chair Jerome Powell injected investors with a strong dose of optimism on Wednesday, saying that the central bank’s policy rate is now “just below” estimates of a level that neither brakes nor boosts a healthy U.S. economy, comments th
Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show.
Federal Reserve policymakers are largely united on the need to raise borrowing costs further, minutes from their most recent policy meeting show.
Powell made the case that gradual rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control.
While the drag that many businesses fear could result from uncertain trade policy has not materialized, if it does it could force an earlier end to the Fed’s rate-hike cycle.
Trump used the phrase “not thrilled” on Monday to describe his reaction to rate hikes under Fed Chair Jerome Powell who Trump selected for the job six months ago.
A weaker dollar would help American exporters compete abroad but it may undermine its status as the world’s top reserve currency.
“We cannot afford to put our head in the sand” about the impact, Heitkamp said
The US Federal Reserve raised the benchmark lending rate, the second increase of the year, and signaled two more hikes were coming in 2018 and four in 2019
The U.S. Federal Reserve is set to hold interest rates steady this week.
Brazil’s central bank chief Ilan Goldfajn said he expects the U.S. Federal Reserve to continue to raise U.S. interest rates gradually.
Trump on Thursday tapped Fed Governor Jerome Powell to become head of the U.S. central bank.
Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank’s top two jobs.
Trump said he was considering tapping both Jerome Powell and John Taylor to serve in top posts at the U.S. central bank.
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