Rising inflation, labor shortages, and supply chain disruptions were acting as resistance to the growth of the U.S. economy as it entered a period of revival, according to a new Federal Reserve report released on Wednesday. There has been an increase in consumer spending but labor and material shortages have restricted economic growth to a…
Supply Chain Crisis, Labor Shortages Holding Back Economic Growth: Fed
December 2, 2021
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Powell: Fed ‘Not at All Sure’ Inflation Will Fade Next Year
December 2, 2021
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WASHINGTON—In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can’t be sure that price increases will slow in the second half of next year as many economists expect. Powell told the House Financial Services Committee that most economists regard the current price spikes, which have…
Here’s How Stocks Have Performed Under Fed Chair Jerome Powell, so Far
November 30, 2021
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For investors who took a break from the market during Thanksgiving week, one of the biggest Wall Street headlines they may have missed was President Joe Biden’s decision to renominate Federal Reserve Chairman Jerome Powell for a second term in the position as the Fed begins its post-COVID-19 pandemic tightening program. Stocks finished down last…
NTD Business Full Broadcast (Nov. 30)
Drug regulators are saying they’re evaluating how current vaccines can protect us against the new variant, with one drugmaker warning its vaccine could be less effective against Omicron. The Fed chairman answered questions from senators Tuesday, saying it’s time to stop calling inflation “transitory.” Twitter is announcing sweeping policy changes, targeting the sharing of photos…
Fed Chief Says Omicron Poses Risk to Employment, Inflation, Supply Chains
U.S. Federal Reserve chair Jerome Powell says the emergence of a new CCP (Chinese Communist Party) virus variant poses a risk to employment and inflation in the country. Powell is set to deliver public remarks—his first on the new variant—before the Committee on Banking, Housing, and Urban Affairs and Senate lawmakers on Tuesday. The new variant of the novel…
Challenges Facing the Federal Reserve
News Analysis President Joe Biden has announced he would nominate current Federal Reserve Chair, Jerome Powell, for a second four-year term. The announcement comes after months of speculation and indecision as the Biden administration resisted calls from other factions of the Democratic Party to remove Powell. With Powell likely to be confirmed he now faces…
Traders Expect June Rate Hikes as Biden Confirms Powell’s Second Term
November 24, 2021
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Wall Street traders are pricing in June rate hikes and further tapering of bond purchases by the Fed after President Joe Biden on Monday picked Jerome Powell to lead the central bank for another four years. From the current near-zero level that began in March 2020, traders expect at least a 25-basis point hike in…
Has Biden Bought an Ally With Easy Money?
Commentary With inflation raging at its highest level in over 30 years, President Biden re-appointed Donald Trump’s Federal Reserve chairman, Jerome Powell, this week, patting Powell on the back for resisting Trump’s supposed attempts at interference in monetary policy. But if Powell has to do anything akin to what the Fed had to do to…
Jerome Powell Accepts Renomination as Chairman of the Federal Reserve Board
On November 22, Chairman Jerome Powell, in a press release, accepted his renomination for a second term by President Joe Biden to head the Federal Reserve Board. Lael Brainard, the Federal Reserve Board governor, also accepted her nomination the same day to be Vice Chair of the Fed in a separate press statement. It was…
Powell Promises to Use Fed’s Powers to Prevent Higher Inflation from Becoming Entrenched
Federal Reserve Chair Jerome Powell, newly appointed for a second four-year term as chief of the central bank, said on Nov. 22 that he would use the Fed’s arsenal to prevent inflation from becoming a more permanent feature of American life. Powell made the remarks at a White House press briefing at which President Joe…
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