Commentary The independence of the central bank has been increasing over the past decade or so. Central banks are regarded as panacea in the face of adverse shocks. Janet Yellen was threatened to be fired by Donald Trump, and Jay Powell was thought to be under political pressure to not withdraw liquidity early, thus leading…
Jerome Powell Confirmed by Senate for a Second Term as Fed Chair
May 12, 2022
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Business & Economycongresseconomic policieseconomyFederal Reserve Chairmaninflationjerome powellMarketsPoliticssenate confirmationUncategorizedUSUS News
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The U.S Senate reconfirmed Jerome H. Powell as the Federal Reserve chairman for a second four-year term on May 12, highlighting its confidence in the central bank’s recent policy decisions at a time of 40-year high inflation and a shaken post-pandemic economy. The Senate approved Powell by an 80–19 vote, with several Republicans and Democrats…
Powell Didn’t Want To
Commentary On Jan. 26, Federal Reserve Chairman Jerome Powell had to make a difficult announcement. At the Federal Open Market Committee’s press conference, Powell announced that Quantitative Easing would end in early March, earlier than expected, and the Fed was likely to announce the beginning of a tightening cycle at its March meeting. For any…
Elizabeth Warren to Oppose Fed Chair Powell Renomination, Tells Him ‘You’re a Dangerous Man’
Sen. Elizabeth Warren (D-Mass.) during a Senate hearing on Tuesday told Federal Reserve Chairman Jerome Powell that she will oppose his renomination, citing his many decisions that she claims have weakened the Federal Reserve’s regulatory oversight of large banks. “I came to Washington after the 2008 crash to make sure that nothing like that would…
Powell Meets a Changed Economy: Fewer Workers, Higher Prices
WASHINGTON—Restaurant and hotel owners struggling to fill jobs. Supply-chain delays forcing up prices for small businesses. Unemployed Americans unable to find work even with job openings at a record high. Those and other disruptions to the U.S. economy—consequences of the viral pandemic that erupted 18 months ago—appear likely to endure, a group of business owners…
Wall Street Eyes Four More Years for Powell at Fed
September 25, 2021
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Business & EconomyEconomieseconomyFederal Reserve Chairmanjerome powellMarket WatchMarketsUSWall Street
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Federal Reserve Chairman Jerome Powell remains favored for renomination by the White House, and if recent history repeats itself a decision may come at any time before the central bank meets again in early November. Wall Street expects Powell, who was nominated for the role by President Donald Trump in 2017 and confirmed by the…
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