WASHINGTON—Chair Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation is steadily falling—a high-stakes effort that carries the risk of causing an eventual recession. The Fed’s increases in its benchmark short-term rate typically lead, in turn, to higher borrowing costs for consumers and businesses,…
Powell Says He Can’t Promise a ‘Soft Landing’ and Avoid Recession as Fed Fights Inflation
May 13, 2022
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Business & Economyeconomic policieseconomyinflationjerome powellPolicies & Impactsrecessionsoft landingUSUS News
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Federal Reserve Chair Jerome Powell said Thursday that persistent supply chain disruptions and “huge” geopolitical events happening around the globe could foil the Fed’s attempts at engineering a so-called “soft landing” for the U.S. economy, with the central bank chief’s statement amounting to an acknowledgment of the possibility of a recession. Powell made the remarks…
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…
The Flation Debate: A ‘Hawkish’ Update?
Commentary The Federal Open Market Committee has just commenced its latest meeting to set monetary policy. Everyone, their dog, and even the fleas on those dogs expect the central bank to notably ratchet up their inflation-fighting efforts come May 4 around 2:00 p.m. ET. Specifically, this will come in the form of 1) a 50-basis…
Fed’s Powell Aims for ‘Soft Landing,’ Confirms 50-Basis-Point Hike on the Table in May
Federal Reserve Chair Jerome Powell says it is “absolutely essential” to trim inflation while also accomplishing a “soft landing.” Powell participated in an event as part of the International Monetary Fund’s (IMF) Debate on the Global Economy, which also featured IMF managing director Kristalina Georgieva and European Central Bank (ECB) president Christine Lagarde. Speaking during…
Bringing Down Inflation With Interest Rate Hike Is ‘Messy’ and ‘Difficult’: Charles Mizrahi
Charles Mizrahi, founder of Alpha Investor, said the Federal Reserve’s effort to lower inflation through increased interest rates may not have the intended effect, and, as history has shown, it is a messy process. “You know, out of the 16 times they raised rates … 13 times they put the country into recession. It’s really,…
Powell Says Fed May Take More Aggressive Measures to Curb Inflation
March 23, 2022
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Beating InflationBusiness & Economyeconomic policieseconomyFederal Reserveinflationjerome powelljob marketMarketsUS
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Federal Reserve Chairman Jerome Powell said on Monday that the central bank is prepared to take more aggressive measures to stabilize prices if necessary, as rampant inflation continues amid a relatively strong labor market. During an address to the National Association for Business Economics on Monday, Chairman Powell gave his strongest message about inflation to…
Market Pulse: Fed’s Hawkish Tilt, Firming Dollar, and Fluctuating Oil Prices
March 22, 2022
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Business & Economyeconomic policieseconomyFed chairFederal Reserve bankjerome powellMarketsOil priceRussia-Ukraine WarUSUS News
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The U.S. dollar has strengthened and the benchmark 10-year Treasury yield touched its highest level in 3 years following hawkish remarks by the Federal Reserve chair, while oil prices remained volatile after briefly extending gains as Europe mulls sanctioning Russian energy imports. Federal Reserve Chair Jerome Powell said at a National Association for Business Economics…
What Good Is A Federal Reserve With No Spine?
Commentary In 1984, Nobel economics laureate Milton Friedman said he would replace the Federal Reserve Board with a computer, a machine programmed to increase the money supply by no more than about 2 percent a year. The esteemed co-author of the landmark “A Monetary History of the United States, 1867–1960” knew that a series of…
Ukraine Invasion May Speed Up China’s Plan to Insulate Against US Dollar: Fed Chair
March 4, 2022
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Business & EconomyChinaChinese Regimeeconomic policiesEuropeFinance & Business Tiesjerome powellMarketsRussia-Ukraine WarSpecial TopicsTaiwanUkraineWorldXi Jinping
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China could very well accelerate its plans to come up with alternatives to the world’s dollar-dominated international payments system, after seeing Russia becoming isolated economically, according to Federal Reserve Chairman Jerome Powell. Powell made the assessment on March 3 during a Senate Banking Committee hearing, when he was questioned by Sen. Jack Reed (D-R.I.), who…
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