WASHINGTON—Federal Reserve Chair Jerome Powell has ordered a sweeping review of the ethics rules governing financial holdings and dealings by senior officials at the U.S. central bank, a Fed spokesperson said on Thursday. Powell ordered the review late last week, the spokesperson said in an emailed statement, following recent reports that two of the Fed…
Fed’s Powell Orders Sweeping Ethics Review After Officials’ Trading Prompts Outcry
Fed to Hold Public Event on Pandemic Recovery on Sept. 24
Federal Reserve Chair Jerome Powell and other Fed policymakers will hold a community discussion on the pandemic recovery on Sept. 24, the central bank said Friday, part of its “Fed Listens” initiative begun in 2019. The initial series of public forums were designed to feed directly into the central bank’s rethink of how it should…
Investors Betting on ‘Stable’ Choice of Powell Renomination at Fed
September 9, 2021
admin
Business & EconomychoiceEconomieseconomyExecutive BranchFedInvestmentinvestorsjerome powellPoliticsRenominationUSUS News
0 Comment
NEW YORK—A potential renomination of Jerome Powell at the helm of the U.S. Federal Reserve would provide a needed sense of stability as the central bank prepares to pull back its emergency-level support, investors say, even while some chide the Fed chief for policies they say have pumped excessive liquidity into markets. Wall Street is…
Senior Democratic Economist Stiglitz Says Fed’s Powell Should Go
September 8, 2021
admin
Business & EconomydemocraticEconomieseconomisteconomyExecutive BranchFederal Reservejerome powellJoseph StiglitzNobelistPoliticsUSUS News
0 Comment
WASHINGTON—For U.S. President Joe Biden to be true to his agenda he should not renominate Jerome Powell as Federal Reserve chair, Nobel prize-winning economist and longtime Democratic adviser Joseph Stiglitz said in an interview that laid out the case for a remake of the Fed’s leadership. “People have given Powell a lot of kudos because…
NTD Business Full Broadcast (Aug. 27)
Prices are rising at the fastest rate in 30 years. The Federal Reserve’s favorite inflation measure is running hot, but the Fed says it’s still not time to tighten monetary policy. A massive flaw discovered in Microsoft’s cloud services. Thousands of organizations are at risk, and nobody knows how long their databases were vulnerable. And…
Fed Chair Acknowledges ‘Sharp Run-Up’ In Inflation But Sees Price Pressures Moderating
Federal Reserve Chair Jerome Powell addressed inflationary concerns in a speech Friday, acknowledging a sharp rise in prices but arguing, as he has before, that these are temporary, while pointing to signs of inflation easing. His remarks came as the Commerce Department said in a release Friday that a key inflation gauge, the so-called core…
Markets Brace for Fed Chair’s Speech at Jackson Hole
World stocks and Wall Street futures generally edged higher early Friday as investors await Federal Reserve Chair Jerome Powell’s much-anticipated speech at a symposium in Jackson Hole later in the day, watching for clues when the Fed will begin to roll back some of its crisis support measures for the economy. In early trading, Germany’s…
Powell Says Inflation, Though Elevated, Will Likely Moderate
WASHINGTON—Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At the same time, Powell signaled no imminent change in the Fed’s ultra-low-interest rate policies. In written testimony he will deliver later Wednesday to the House Financial Services Committee,…
NTD Business Full Broadcast (June 16)
The Federal Reserve says it’s not worried about inflation and will keep policies unchanged. We have the details. Rent prices for single-family homes skyrocket. They’re seeing the largest gains in nearly 15 years. Which cities got hit the hardest? And Amazon worrying it’ll run out of people to hire. Many of its warehouse staff only stay for weeks or…
Fed’s Powell Says Current US Debt Level Is ‘Very Sustainable’
WASHINGTON—Federal Reserve Chair Jerome Powell on April 14 pushed back on warnings about a rising federal budget deficit and national debt due to aggressive fiscal response to the pandemic and said the “current level of the debt is very sustainable.” “There’s no question of our ability to service and issue that debt for the foreseeable…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`