Federal Reserve Chair Jerome Powell faced heated questions on Tuesday from senators criticizing the central bank’s trading guidelines and financial regulation. Speaking to members of the Senate Banking Committee a day after two regional Fed presidents being scrutinized for their investment trades announced their retirements, Powell defended the central bank and vowed to improve policies…
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…
Fed’s Powell: Economic Bottlenecks in Reopening Could Be ‘More Enduring’
WASHINGTON—The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove “more enduring than anticipated,” and the Federal Reserve would move against unchecked inflation if needed, Fed Chair Jerome Powell said in remarks prepared for delivery to the Senate Banking Committee on Tuesday. “The process of reopening the economy…
Fed Chairman Jerome Powell to Tell Congress Inflation ‘Likely to Stay Elevated Over Next Few Months’
September 28, 2021
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Business & EconomyCOVID-19 pandemicEconomieseconomyFederal Reserveinflationjerome powellMarketsUSUS News
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Federal Reserve Chairman Jerome Powell is set to appear at a hearing on Sept. 28 where he will tell Congress that inflation is likely to stay elevated over the next few months. Powell will speak Tuesday morning before the Committee on Banking, Housing, and Urban Affairs, in Washington, D.C. as part of a mandated testimony regarding…
Fed’s Powell: Reopening Economic Bottlenecks Could Be ‘More Enduring’
September 28, 2021
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Business & EconomyEconomic BottlenecksEconomieseconomyFederal Reservejerome powellMarket WatchMarketsreopeningUS
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WASHINGTON—The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove “more enduring than anticipated,” and the Federal Reserve would move against unchecked inflation if needed, Fed Chair Jerome Powell said in remarks prepared for delivery to the Senate Banking Committee on Tuesday. “The process of reopening the economy…
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…
Fed Likely to Open Bond-Buying ‘Taper’ Door, but Hedge on Outlook
WASHINGTON—The Federal Reserve is expected to clear the way on Wednesday for reductions to its monthly asset purchases later this year and show in updated projections whether higher-than-expected inflation or a resurgent coronavirus pandemic is weighing more on the economic outlook. Fed policymakers, who are wrapping up their latest two-day meeting, have been handed a…
NTD Business Full Broadcast (Sept. 17)
More controversial trades and holdings by top federal reserve officials discovered. Chairman Jerome Powell is among those in the spotlight. There have never been more cargo ships waiting to dock at the port of Los Angeles, what’s behind it? China’s second largest real estate developer facing a possible default, could it be the next Lehman…
Federal Reserve Announces Ethics Investigation After Regional Officials’ Trades
Federal Reserve Chairman Jerome Powell directed officials in the central bank to investigate reports of stock trades made by leaders at the Fed’s branches in Dallas and Boston last year. “This review will assist in identifying ways to further tighten those rules and standards. The Board will make changes, as appropriate, and any changes will…
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