Federal Reserve Chairman Jerome Powell says he will not resign if asked by Trump
The Fed chairman said in a press conference after Thursday's rate cut announcement that he would not resign if President-elect Donald Trump asked him to. Chairman Jerome Powell asked A reporter talks about the possibility that President Trump may ask for his resignation following the surprising results of Tuesday's election. “Mr. Trump had accused Mr. […]
Fed’s Jerome Powell hints at more rate cuts but warns of ‘two-sided’ risks
Federal Reserve Chairman Jerome Powell said in remarks on Monday that the U.S. economy appears poised for a continued slowdown in inflation, so the Fed can lower its benchmark interest rate and “over time” be able to no longer rein in activity. He said it would be possible to reach the standard. It is clear […]
Biden falsely claims he’s never spoken to Federal Reserve Chairman Jerome Powell as president
President Biden on Thursday falsely claimed he had never spoken to Federal Reserve Chairman Jerome Powell as president, despite meeting with him at the White House two years ago. “Unlike my predecessor, I will respect the independence of the Federal Reserve in pursuing its mission to control inflation,” Biden said in a speech to the […]
Fed chair Jerome Powell blames influx of illegal migrants for rising unemployment rate
Federal Reserve Chairman Jerome Powell on Wednesday blamed the migrant crisis for rising unemployment in the country after cutting interest rates by half a percentage point for the first time since the early days of the COVID-19 pandemic. “If millions of people join the workforce and 100,000 jobs are created, the unemployment rate is going […]
Jerome Powell Suggests ‘Influx’ Of Migrants Are Contributing To Rising Unemployment
Federal Reserve Chairman Jerome Powell suggested at a press conference on Wednesday that immigration is fueling rising unemployment. Powell spoke to reporters after the Fed announced it would cut the federal funds rate by 0.50 percentage point after disappointing job gains in July and August. The unemployment rate is now at 4.2%. 3.4% April 2023 […]
Federal Reserve Chair Jerome Powell says ‘the time has come’ to cut interest rates
Federal Reserve Chairman Jerome Powell signaled he is finally ready to start cutting interest rates, saying the central bank believes inflation is close to being contained and the job market is cooling. Powell did not say when the Fed would start cutting rates or how big the cuts would be, but the central bank is […]
Bitcoin Price Rises as Fed Chair Jerome Powell Signals Rate Cut Is Imminent – Decrypt
Bitcoin prices rose on Friday as Federal Reserve Chairman Jerome Powell prepared to cut interest rates in the coming months, signaling that the U.S. central bank is comfortable with keeping inflation in check but is paying more attention to a weakening and expanding labor market. “The direction to move is clear, and the timing and […]
Jerome Powell Declares ‘Time Has Come’ For Fed to Cut Rates
Federal Reserve Chairman Jerome Powell signaled on Friday he is ready to begin cutting interest rates, possibly starting next month, to prevent a further deterioration in the labor market while continuing to keep a close eye on inflation. “The time has come to adjust policy,” Powell said in a highly-anticipated speech at the Fed’s annual […]
Fed Chair Jerome Powell Warns About U.S. Fiscal Policy’s Unsustainable Path
Estimated Reading Time: 3 minutes Editors’ Note: One of the least discussed subjects is the incredible and dangerous distortions in the US economy. A powerful rising stock market has obscured the problem. Recently, we have registered another strong breakout to the upside. But we have often cautioned not to conflate the stock market with the […]
Fed Chair Jerome Powell focused on soft landing, says inflation fight isn’t over
Federal Reserve Chairman Jerome Powell said on Wednesday he is not yet ready to declare that inflation has been conquered but believes the U.S. remains on a path to continued price stability and low unemployment. Powell and other Fed officials have said they won’t cut interest rates until they have more confidence that inflation, which […]