Exxon-Mobil reported bumper profits last quarter, despite falling gas prices. What contributed to the record? You can now add horsepower to an EV Mercedes, but at a cost. The IRS commissioner confirmed the agency is hiring armed tax agents nationwide as part of President Joe Biden’s push to shore up enforcement. But the IRS says…
NTD Business (April 28): Digital Health Device Cybersecurity Risk? IRS Hiring More Armed Tax Enforcers
April 28, 2023
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Fed Chair Tricked by Russian Pranksters Posing as Zelensky
Federal Reserve chairman Jerome Powell was tricked by a pair of Russian pranksters in January posing as Ukrainian president Volodymyr Zelensky via a phone call. In a video shown on Russian state television, Powell, who thought he was speaking to Zelensky, answered several questions ranging from his outlook on inflation to the Russian central bank. The…
Fed Chair Tricked by Russian Pranksters Posing as Zelenskyy
Federal Reserve chairman Jerome Powell was tricked by a pair of Russian pranksters in January posing as Ukrainian president Volodymyr Zelenskyy via a phone call. In a video shown on Russian state television, Powell, who thought he was speaking to Zelenskyy, answered several questions ranging from his outlook on inflation to the Russian central bank. The…
Federal Reserve Making Worst ‘Policy Mistake in Several Decades’, Top Economist Warns
April 3, 2023
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Business & Marketseconomic policieseconomyFederal Reserveinflationjerome powellMarketsMohamed El-ErianrecessionUSUS News
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The Federal Reserve’s year-long aggressive monetary tightening efforts could turn out to be one of the most significant policy errors in the last several decades, according to renowned economist Mohamed El-Erian. El-Erian shared excerpts from the Peterson Institute for International Economics (PIIE) and the Financial Times that reinforced his view that the U.S. central bank…
Senators Ask Powell If the Fed Had Been Lax in Supervising Failed SVB Bank
March 29, 2023
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Members of the Senate Banking Committee wrote to Federal Reserve chairman Jerome Powell if he and his fellow board members were lax in supervising Silicon Valley Bank (SVB), which failed earlier this month. Five senators sent a letter to Powell on March 27, which was obtained by Bloomberg, questioning whether the central bank exercised its full legal authority…
Trump Says He Would Not Have Supported SVB Bailout, Brands Fed Chair ‘Too Interest Rate Happy’
March 28, 2023
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Former president Donald Trump has criticized Federal Reserve chair Jerome Powell for being “too interest rate happy” while taking aim at the government-aided bailout of Silicon Valley Bank (SVB). In an interview with Fox News host Sean Hannity that aired on Monday, Trump was asked whether he would have supported the bailout of SVB after it…
Fed Chair Powell on SVB Collapse: ‘Management Failed Badly,’ While Speed of Bank Run Surprised Regulators
March 23, 2023
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Federal Reserve chairman Jerome Powell on Wednesday criticized the management of Silicon Valley Bank (SVB) for poor risk management, alleging that bank executives sought to grow the bank’s business quickly while inadequately hedging against liquidity and interest-rate risks. Powell made the remarks at a press conference Wednesday that followed the Federal Reserve’s decision that it…
Federal Reserve Chair Powell Holds News Conference After US Fed Policy Decision
U.S. Fed Reserve Chairman Jerome Powell holds a news conference after the release of a Federal Reserve policy decision at 2:15 p.m. ET on March 22. …
LIVE 2:15 PM ET: Federal Reserve Chair Powell Holds News Conference After US Fed Policy Decision
U.S. Fed Reserve Chairman Jerome Powell holds a news conference after the release of a Federal Reserve policy decision at 2:15 p.m. ET on March 22. …
Sen. Warren Says Fed Chair Wants to Make Millions of Americans Jobless to Fight Inflation
March 20, 2023
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Sen. Elizabeth Warren (D-Mass.) has criticized Federal Reserve Chair Jerome Powell’s handling of the economy, accusing him of trying to put up to 2 million Americans out of work as part of the central bank’s efforts to bring down inflation. Warren made the comments in an interview on NBC’s “Meet the Press” on March 19 in which she called…
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