Tag Archives: powell

President Donald Trump could be considering his own favourite pick for the position of Federal Reserve Chairman other than Jerome Powell upon taking office next January to emphasize the constitutional responsibility of all executive branch officials to the president. The dispute arises from the Federal Reserve’s power over national monetary …

Federal Reserve Chairman Jerome Powell explains the decision to reduce the Federal Funds Target Range (FFTR) by 25 basis points to 4.50%-4.75% following the November meeting and answers questions during the subsequent press conference. Key QuotesFed took another step in reducing policy restraint.The labour market remains solid.Inflation has eased substantially.I …

The Federal Reserve cut interest rate by 25 basis points, as widely expected to continue its monetary policy easing cycle. Fed decided, Thursday to lower the policy rate after Donald Trump won the US presidential election.Fed Chairman Powell’s remarks could provide important clues about the rate outlook. The US Dollar …

According to a senior adviser to Trump who asked to remain anonymous in order to discuss private discussions, President-elect Donald Trump is expected to let Federal Reserve Chair Jerome Powell complete the remaining portion of his term, which ends in May 2026. Jerome Powell, the current chair of the Federal …

For the second day in a row, the price of gold declines as month-end flows favor the US dollar despite declining US Treasury yields. However, September is expected to be the strongest month for the golden metal since March 2024, when prices increased by more than 9%. Monthly gains of …

Fed Chair Jerome Powell reiterated that inflation has been broadly defeated and that recent data indicate further progress toward a sustained return to 2% core goods prices have fallen a half percent over the past year, close to their pre-pandemic pace, as supply bottlenecks have eased outside of housing services. …

Fed Chair Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.Key quotes:“Housing market is frozen in part due to higher rates.”“As rates come home, …

Gold prices experienced a significant decline after the Federal Reserve (Fed) announced a 50-basis point rate cut. Despite the reduction, the Fed projected the federal funds rate to reach 4.4% by the end of 2024, indicating a continued tightening stance.Rate Cut and Outlook: The Fed’s decision to lower borrowing costs …

Federal Reserve Chairman Jerome Powell explains the decision to cut the policy rate, federal funds rate, by 50 basis points to the range of 4.75%-5% after the September meeting and responds to questions in the post-meeting press conference.Key quotes“Immigration is one of the things that has allowed unemployment rate to …

Following its meeting in September, the FOMC decided to 50 bps to 4.75%-5% as widely anticipated. Key hints on the outlook for interest rates are expected from the updated Summary of Economic Projections and comments made by Fed Chairman Powell. Depending on the magnitude of the interest rate cut, the …