Jerome Powell
Fed’s Powell Shrugs Off Commercial Real Estate Woes as NYCB Stock Tanks
Commercial real estate challenges are a “manageable problem,” but they could take “several years” to be resolved, Federal Reserve Chair Jerome Powell told lawmakers as financial markets monitor another potential bank failure. Speaking before the House Financial Services Committee on March 6 to deliver his semi-annual monetary policy report, Mr. Powell reiterated his position that […]
Biden Admin and Legacy Media’s Claims About the Economy Are Far From Reality: Economist
How are you feeling about the current state of the economy? Federal Reserve Chair Jerome Powell says not to worry, but economist Jeffrey Tucker sees it the other way. NTD spoke to Mr. Tucker for his assessment of the data.
It’s Necessary for Fed to Leave Door Open for Interest Rate Hikes: Analyst
Federal Reserve Chair Jerome Powell said Wednesday that the U.S. central bank is not thinking about lowering rates right now. “The question of rate cuts just doesn’t come up” right now, Powell said at his press conference following the latest Federal Open Market Committee gathering. He added: “It’s fair to say the question we’re asking is […]
Fed Chair Powell Hints No Rate Hike in November, Leaves Door Open to Tighter Policy
Federal Reserve Chair Jerome Powell hinted that there will be no rate increase at next month’s Federal Open Market Committee (FOMC) policy meeting, but left the door open to further tightening if it is warranted. Financial markets paid close attention to Mr. Powell’s appearance at the Economic Club of New York on Oct. 19, combing […]
US Economic Growth at 2.1 Percent in 2nd Quarter Because of Lower Business Spending
U.S. economic growth rose slightly less than expected in the second quarter of 2023 because of less business spending. The Bureau of Economic Analysis released its second preliminary report on U.S. gross domestic product (GDP)—the government’s primary measure of domestic economic activity—for the second quarter on Aug. 30. The nation’s GDP rose at a 2.1 percent […]
Powell Warns Fed May Continue to Raise Interest Rates as Inflation Is ‘Too High’
Federal Reserve Chair Jerome Powell raised the possibility of additional monetary policy conditions in the central bank’s fight against inflation, warning that prices remain too high. Speaking at the annual Jackson Hole economic symposium on Aug. 25, Mr. Powell reiterated that the institution is prepared to keep raising interest rates if appropriate. Even without any […]
Federal Reserve Chair Powell Speaks on Economic Outlook at Economic Symposium
Federal Reserve Chair Jerome Powell speaks on the economic outlook at the 2023 Jackson Hole Economic Symposium hosted by the Federal Reserve Bank of Kansas City, in Moran, Wyoming, at 10:00 a.m. ET on Aug. 25.
Fed’s Powell Predicts Further ‘Restriction,’ Including Rate Hikes at Consecutive Meetings
Federal Reserve Chair Jerome Powell told a European Central Bank forum that the U.S. economy should expect more monetary policy restrictions to come and that inflation won’t return to its 2 percent target for a couple of more years. During a panel discussion with his central bank counterparts, Powell said that policy hasn’t been restrictive […]
NTD Business (June 22): Musk, Zuckerberg Agree to Cage Fight; Future Rate Hikes a ‘Good Guess’: Fed Chair
Business rivalry seemingly isn’t enough for two of the tech industry’s most powerful billionaires. Elon Musk and Mark Zuckerberg agreed to hold a cage fight challenge after a series of posts on social media platforms on Wednesday. Federal Reserve Chair Jerome Powell finished his second day of testimony on capital hill. He told lawmakers it […]
Recent Bank Failures Show More Oversight of Midsize Lenders Needed, Fed’s Powell Says
The collapses of Silicon Valley Bank (SVB) and Signature Bank in March show that more oversight of midsize lenders is needed, Federal Reserve (Fed) Chair Jerome Powell told lawmakers in his semi-annual testimony. While banking stress occurred in the fallout of the SVB and Signature failures, the Fed chair said that “the U.S. banking system […]
Fed’s Jerome Powell Says Rates May Not Have to Rise Amid Credit Crunch
The Federal Reserve’s policy rate might not need to rise as much amid tighter credit conditions stemming from the banking turmoil, Fed Chair Jerome Powell said during a panel discussion. Speaking at the Perspectives on Monetary Policy panel at the Thomas Laubach Research Conference on May 19, Powell explained that the central bank’s financial stability […]
Federal Reserve Chair Powell, Former Chair Bernanke Speak About Monetary Policy at Fed Conference
Jerome Powell, chair of the Board of Governors of the Federal Reserve System, and Ben Bernanke, former chair of the Board of Governors, speak about monetary policy at 11:00 a.m. ET on May 19 at the Thomas Laubach Research Conference hosted by the Federal Reserve.