Tag Archives: FED

While the Office of the Comptroller of the Currency (OCC) insists that lack of due regulation in the crytospace could easily lead to a financial crisis, seven members of the Congress sent a letter to Jerome Powell, chairman of the Federal Reserve, asking about the U.S. central bank’s efforts on …

Federal Reserve Chair Jerome Powell and his counterparts at the ECB, Bank of Japan and Bank of England stressed, Wednesday, with cautious optimism that supply-chain disruptions lifting inflation rates are temporary.Powell and Lagarde participated in a virtual panel event. Jerome Powell continues to view this year’s acceleration in inflation as …

Bond yields have been increasing slowly but steadily over the past two weeks from 1.30% for the 10-year bond to 1.50%. The extremely low together with the relatively stable U. S. government bond yields have confused several market observers for the few previous days. The current situation is also challenging …

U.S. stocks stumbled Tuesday, logging their sharpest pullback since May 2021, as rising bond yields impacted shares of technology companies.A number of stocks were hit hard including Moderna, Nvidia and Google holding company Alphabet. Shares of Moderna were down nearly 7% in mid-day trading session. The Federal Reserve’s signaled policy …

Senator Elizabeth Warren said that she would not support Federal Reserve Chair Jerome Powell for a second term as head of the U.S. central bank.Warren said, Tuesday, that Powell’s record gives her grave concern. Warren’s statement was during a Senate Banking Committee hearing.The Senator argues that Powell acted to make …

The Federal Reserve banks of Dallas and Boston have announced that their presidents, Robert Kaplan and Eric Rosengren consider resignation following reports of their investment trading activity, which spurred calls for the Fed to review its ethics rules.Kaplan acknowledged in a statement his stock trading distracted from the central bank’s …

Fed chair Jerome Powell will say in remarks prepared for delivery before the Senate banking committee on Tuesday that “If sustained higher inflation were to become a serious concern, we would certainly respond and use our tools to ensure that inflation runs at levels that are consistent with our goal”, …

USD/JPY trades above the 111.00 level as the trading week started in slow motion, with the U. S. dollar edging diffidently lower against high-yielding rivals, but up roaring vs the JPY. The Japanese currency was hit by higher US Treasury yields on the 10-year note’s surge to 1.51%, its highest …

A senior official of the Federal Reserve, John Williams, signalled the US economy is strong enough for the central bank to consider reducing the massive recovery-related bond-buying program soon, but he urged the adoption of sufficiently patient approach to raising interest rates.Williams, the president of the New York Fed, acknowledged …

A global bond downturn pushed US Treasury yields to their highest level in three months on Monday, as investors’ reaction to the prospect of tighter monetary policy by dumping US and UK government debt. The yield on the 10-year US Treasury note added 0.05 percentage points to trade above 1.5 …