Federal Reserve Chair Jerome Powell working from home after testing positive for COVID-19
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AP via MSN ^
| 5-17-24 | MICHELLE CHAPMAN
Federal Reserve Chair Jerome Powell has tested positive for COVID-19 and is experiencing related symptoms. Powell
tested positive late Thursday. "Following Centers for Disease Control and Prevention guidance, he is staying away from others and working at home,” a Fed spokesperson said.
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Sidney Powell Handed Win After Judges Dismiss Disciplinary Effort by Texas State Bar
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Epoch Times ^
| 4/19/24 | By Jack Phillips
Sidney Powell, a lawyer who filed lawsuits after the 2020 election, got a win in Texas after an appeals court ruled that the Texas bar did not prove that she engaged in misconduct or fraud. A
panel of judges on the Fifth District of Texas Court of Appeals in Dallas ruled Wednesday that the state bar’s arguments lacked merit and evidence. They found that state bar prosecutors “employed a ’scattershot' approach to the case” that had alleged Ms. Powell did not have a reasonable basis to file lawsuits that challenged the 2020 election’s outcome in battleground states. “The Bar employed...
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WATCH: Federal Reserve Principal Economist who Reveals to O’Keefe Media Group that Fed Chair Jerome Powell “Wants to be Remembered in History” for Undermining Trump, Says Conservatives are “Dumb” and Discriminated Against at Federal Reserve
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The Gateway Pundit ^
| April 10, 2024 | Jordan Conradson
James O’Keefe’s O’Keefe Media Group has released undercover footage of a Federal Reserve employee admitting to how Federal Reserve Chair Jerome Powell sabotaged President Trump and wants to go down in history as “someone who held the line against Trump.” Principal Economist Aurel Hizmo, a self-proclaimed liberal, told an undercover journalist more
about Powell’s hatred for Trump, saying, “As soon as he became Chair, Trump wanted him to lower interest rates. Because when you lower interest rates, it stimulates the economy, and Trump was President. He wanted to stimulate the economy, but he wouldn’t do it. And he started raising...
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Bidenomics Is On The Highway To Hell For Housing Affordability! Mortgage Demand (Applications) Down 13% From Last Year While Home Prices Are Up 39.2% Under Biden And Powell
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Confounded Interest ^
| 04/03/2024 | Anthony B. Sanders
Housing in the US under Bidenomics is simply unaffordable. With
the massive expansion of M2 Money supply under Biden thanks to Covid and Bidenomics, home prices are up 39.2% and mortgage demand keeps falling like a paralyzed falcon. We are truly on the highway to hell under Bidenomics in terms of housing affordability. Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 29, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6 percent on a seasonally adjusted...
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Financial Leaders Sound Alarm on ‘Snowballing’ National Debt: Larry Fink Joins Jamie Dimon and Jerome Powell in Urgent Warning
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ubj ^
| 3/29/24 | Rahul Kumar
Larry Fink, CEO of BlackRock, the world’s largest asset manager, has issued a stark warning about America’s escalating debt, which currently stands at a staggering $34 trillion and continues to grow. Fink
cautioned that the nation’s trajectory could lead to a crisis reminiscent of Japan’s lost decade. He emphasized that Washington should not assume that investors will indefinitely fund the country’s fiscal deficit. In his annual letter to investors, Fink highlighted the recent three-percentage-point increase in U.S. Treasury yields to 4%, which reflects longer-term inflation expectations and the Federal Reserve’s aggressive interest rate hikes. He described this development as highly...
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DEPARTMENT OF THE GULF: Initiation of the Operations Against Mobile; The Mortar Fleet and Gunboats Attack Fort Powell (3/11/1864)
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New York Times - Times Machine ^
| 3/11/1864
The steamship Western Metropolis from New-Orleans, Feb. 29, arrived last evening. In
the Era of the 28th, we find the following concerning Admiral FARRAGUT's operations at the entrance of Mobile Bay: "We are again to be interested lookers-on of active war. The roar of cannon again resounds through the Department of the Gnd. The initiative steps of the operations which will soon place Mobile under the rule of the Stars and Stripes have been taken, and it may not be long ere we shall have to publish the glorious news that 'Mobile is ours!' By the arrival of the United...
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Powell: ‘There will be bank failures’ caused by commercial real estate losses
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The Hill ^
| 03/07/2024 | TOBIAS BURNS
Federal Reserve Chair Jerome Powell said Thursday he expects to see some banks fail due to their exposure to the commercial real estate sector, which has declined significantly in value following the shift to remote work. Powell
said the banks that are in trouble with falling office space and retail assets are not the big banks, which were designated as “systemically important” in the aftermath of the 2008 financial crisis. That episode, which resulted in a taxpayer bailout of the financial sector, was also triggered by unsound real estate assets. Rather, the banks at risk of failure now Powell identified...
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Jerome Powell plans to cut interest rates despite persistent inflation — and the American people could lose big
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The New York Post ^
| Feb 17, 2024 | Charles Gasparino
Federal Reserve chairman Jerome Powell is not known for his resolve. It’s
the main reason why the new and emerging consensus among Wall Street Fed watchers is that he will cut interest rates at least twice this year despite signs of persistent inflation, the Post has learned. If the CEOs and top executives who follow the Fed can be believed — and these folks have sources inside the central bank’s building in DC — Powell is already brushing off last week’s high inflation reads as a likely anomaly. His first rate cut since he started to raise them in March...
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Fed’s Powell Admits Bidenomics Is Not Remotely Sustainable Or Fixable! Too Much Debt And Spending, Too Little Growth (GDP Growth Higher Than Debt Growth In Only 1 Quarter Under “Brainless Joe”)
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Confounded Interest ^
| 02/11/2024 | Anthony B. Sanders
As Commander Cody sang, “We have too much debt.” “The
prices of some things will decline. Others will go up. But we don’t expect to see a decline in the overall price level,” said Federal Reserve Chair Jerome Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln. “That doesn’t tend to happen in economies, except in very negative circumstances. What you will see, though, is inflation coming down,” explained the Fed Chairman, the average American neither understanding nor caring about the nuance. “I would say this. In the long run, the US federal government is on an...
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Rand: Powell says federal debt problem is urgent. McConnell, Biden & Schumer response: borrow another $118 billion and send it to foreign countries
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Twitter/X ^
| Feb 5 | Sen. Rand Paul
@RandPaul Fed Chair Powell says federal debt problem is urgent. McConnell,
Biden & Schumer response: borrow another $118 billion and send it to foreign countries.
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Powell: ‘The US is on an unsustainable fiscal path’
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The Hill ^
| 02/04/2024 | TAYLOR GIORNO
Federal Reserve Chair Jerome Powell said “the U.S. is on an unsustainable fiscal path” in an 60 Minutes interview with Scott Pelley released Sunday. “The U.S. federal government’s on an unsustainable fiscal path. And
that just means that the debt is growing faster than the economy. So, it is unsustainable. I don’t think that’s at all controversial,” Powell said when asked if the national debt is a danger to the economy.
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Slowdown! ADP Reports an Increase of 107,000 Private Payrolls As Powell Proclaims “No Sugar Tonight” (Why Do We Need Millions Of Illegal Immigrants?)
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Confounded Interest ^
| 02/01/2024 | Anthony B. Sanders
Slowdown! Bidenomics, based on historic binge spending and Fed sugar, is wearing out as the enormous sugar (stimulus) rush is over. The
hiring slowdown of 2023 spilled into January, and pressure on wages continues to ease. The pay premium for job-switchers shrank to a new low last month. This report comes after Fed Chair Jerome Powell said “No Sugar Tonight” as in no expected rate cuts. That is, until it becomes obvious that Biden will lose the election, THEN The Fed will start cutting rates like crazy. An example of the trash that Biden and Democrats are importing from Latin...
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Ex-NFLer Ronald Powell Former Top H.S. Recruit Dead At 32
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TMZ ^
| January 16th, 2023 | unattributed
Former NFL linebacker Ronald Powell -- the No. 1-ranked high school recruit in the 2010 class -- has tragically died at 32 years old. Powell's
former college football teammate, Junior Galette, announced the sad news on his X page ... saying he's heartbroken over the death. "I Love You Forever till we meet again," Galette wrote on the social media app on Monday night. "An EXCELLENT FATHER. Respected Brother and a Loving Son." "I am saddened to share with the rest of the world that Ronald Powell Transitioned Earlier today. REST IN POWER RONALD POWELL." Galette did not reveal a...
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The Powell Pivot! Powell/Yellen Think Everything Is Beautiful While Market Thinks The Fed Will Cut Rates From 5.50% To 4% By December 2024 (150 Basis Point Cut In One Year!)
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Confounded Interest ^
| 12/14/2023 | Anthony B. Sanders
In this corner, we have Fed Chair Powell, Treasury Secretary Yellen, President Biden and Cheerleader Brainard all cheering and singing “Everything Is Beautiful!”. In the other corner, we have … investors who are are betting that The Fed will be cutting the target rate from 5.50% to 4% by December 2024, a
cut of almost 150 basis points in one year. Why? First, the US economy is softening. Second, The Fed will want Biden (or whoever Democrats prop up in his place) re-elected as President. While Wednesday’s FOMC statement had barely any changes in it, with the notable addition of...
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The Fed hints at multiple rate cuts in 2024. Powell suggests that we might be in a recession right now. Historically, every major rate cut led to a 30% S&P 500 drawdown.
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Citizen Watch Report ^
In a surprising move, the Federal Reserve is hinting at multiple rate cuts in 2024, sparking questions about the stability of the financial system. This
decision has historical echoes, as every major rate cut since the 1970s has been followed by a substantial 30% drawdown in the S&P 500. For the first time in recent history, Chair Powell’s alignment with market expectations signals a potential departure from the usual cautious stance. The market has responded positively, with the S&P 500 on track for its 9th green day out of the last 10, reflecting investor confidence in the Federal Reserve’s promises.
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Fed's Powell says next question is when to dial back restrictive stance: press conference
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SeekingAlpha ^
| 12/13/2023 | Liz Kiesche
Inflation has eased from its highs without a spike in unemployment, which is good news, but inflation is still elevated, Federal Reserve Chair Jerome Powell said in his post-decision press conference on Wednesday.
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Foul Powell On The Prowl! Odds Of March Rate Cut Hits 80% As Gold Soars To All-time High
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Confounded Interest ^
| 12/01/2023 | Anthony B. Sanders
Foul Powell on the Prowl! Despite Powell’s confusing messaging on inflation, the market is pricing in an 80% chance of a rate cut in March 2024. The
Fed’s dots plot shows the same thing: Fed target rate falling like a paralyzed falcon. As gold soars to an all-time high. The difference between California governor Gavin “Toothsome” Newsom and Leave it to Beaver’s Eddie Haskell is that Eddie Haskell was more sincere.
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Fed’s Powell warns market must be flexible with forecasts, ‘dynamic’ economy
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The Hill ^
| 11/08/2023 | Julia Shapero
Federal Reserve Chair Jerome Powell urged the central bank’s forecasters on Wednesday to remain flexible and “think outside” traditional economic models, as they continue to offer projections for a post-pandemic economy that has repeatedly confounded expectations. Powell
touted the Division of Research & Statistics, which provides the Fed with economic data and analysis ahead of its interest rate decisions, at a conference celebrating the division’s 100th anniversary.
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Trump claims Sidney Powell was 'never' his lawyer after her plea deal
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NBC News ^
| 10/23/2023 | Dareh Gregorian
Former President Donald Trump is distancing himself from attorney Sidney Powell in the wake of her guilty plea in the Georgia election interference case. “Sidney
Powell was one of millions and millions of people who thought, and in ever increasing numbers still think, correctly, that the 2020 Presidential Election was RIGGED & STOLLEN," Trump wrote in a post on his social media platform Truth Social on Sunday. "Despite the Fake News reports to the contrary, and without even reaching out to ask the Trump Campaign, MS. POWELL WAS NOT MY ATTORNEY, AND NEVER WAS," he wrote.*** Eric Segall, a law...
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How Sidney Powell's Plea Deal Could Hurt Trump in the Georgia Racketeering Case
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Reason ^
| 10.20.2023 | Jacob Sullum
The election conspiracy theorist struck a deal that allows her to avoid prison by testifying for the prosecution.After the 2020 presidential election, Sidney Powell tirelessly promoted a baroque conspiracy theory claiming that Donald Trump had been deprived of his rightful victory by a combination of deliberately corrupted voting machines and phony ballot
dumps. At first, Powell explicitly did that on behalf of the Trump campaign, joining the "elite strike force team" of lawyers who were determined to reverse Joe Biden's victory. She also pressed her outlandish and unsubstantiated fraud claims in numerous TV appearances and in lawsuits she filed on...
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