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29%  
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Keyword: fedchair

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  • Stock Gains Slip Away in Final Hours

    01/29/2020 2:30:49 PM PST · by John W · 11 replies
    Wall Street Journal ^ | January 29, 2020 | Michael Wursthorn and Avantika Chilkoti
    U.S. stocks pulled back after Federal Reserve Chairman Jerome Powell offered investors a mixed outlook on the economy, deflating the stock market’s recovery from an early-week selloff. The central bank left interest rates unchanged, which initially kept the stock market steady. Stocks started slipping after Mr. Powell, in his press conference later in the afternoon, said the fast-spreading coronavirus may pose risks to global growth and offered a more tempered outlook on economic growth. “There are grounds for what I would call cautious optimism for the global economy,” said Mr. Powell. ”We are not at all assured of a global...
  • Fed remains unchanged on rates, pledges to 'sustain the expansion'

    06/19/2019 12:01:45 PM PDT · by Hojczyk · 16 replies
    Yahoo Finance ^ | June 19, 2019 | Brian Cheung
    The Federal Reserve did not move on rates at the conclusion of its policysetting meeting June 19, but committed itself to acting “as appropriate to sustain the expansion.” The Fed elected to keep the benchmark interest rate within its target range of 2.25% to 2.5%, but new economic projections show more Fed officials seeing the case for a rate cut — or two — by the end of 2020. The Fed said it still sees a “sustained expansion of economic activity, strong labor market conditions, and inflation near” the committee’s 2% target, but added that “uncertainties about this outlook have...
  • Alice Rivlin, former Fed vice-chair, dies at 88

    05/15/2019 3:40:11 AM PDT · by Jaysin · 6 replies
    Financial Times ^ | 5-15-2019 | Sam Fleming
    Alice Rivlin, a leading expert on US budget policy who served as the first director of the Congressional Budget Office, has died at the age of 88. The economist, who in the 1990s became the first woman to be White House budget director and vice-chair of the Federal Reserve Board, died of cancer on Tuesday morning in Washington DC, according to the Brookings Institution think-tank, where she was a senior fellow.  Rivlin “made great and lasting contributions as a leader and economic policymaker and broke barriers as a woman in the economics profession,” Fed chair Jay Powell said in a...
  • Dow surges 800 points after Powell comments, blowout jobs report

    01/04/2019 10:17:27 AM PST · by abb · 86 replies
    CNBC ^ | January 4, 2019 | Fred Imbert
    Stocks rallied on Friday after two positive pieces of news for the market. At 8:30 a.m., the Labor Department said the U.S. economy added 312,000 jobs in December. That blew past an expectation of 176,000 jobs. Later on Friday morning, Federal Reserve Chairman Jerome Powell said the central bank will be patient in raising rates, quelling fears of tighter monetary policy in the near future. The Dow Jones Industrial Average rose 800 points, or 3.5 percent. The S&P 500 rallied 3.5 percent, with the tech sector gaining more than 4 percent. The Nasdaq Composite climbed 4.3 percent. This was a...
  • Embattled Federal Reserve chairman tells White House officials he'll meet face-to-face with Trump

    12/27/2018 11:52:59 AM PST · by COUNTrecount · 135 replies
    Daily Mail UK ^ | December 27, 2018 | Francesca Chambers
    Embattled Federal Reserve chairman tells White House officials he'll meet face-to-face with Trump in bid to end feud that left stock markets reeling over fears president will fire him Dow Jones closed up 1,086.25 points, or 4.98 per cent, on Wednesday It was the stock index's largest single-day points gain in U.S. history Follows biggest-ever Christmas Eve plunge for markets on Monday White House officials tried to soothe fears over Trump's fury at Federal Reserve He's upset about rate hikes and reportedly said he wanted to fire the fed chair Federal Reserve Chairman Jerome Powell is now telling the White...
  • Why Jerome Powell is the 'boring' choice for Fed chair, but the best for the stock market

    11/02/2017 7:18:05 AM PDT · by SeekAndFind · 2 replies
    CNBC ^ | 11/02/2017 | Patti Domm
    Jerome Powell's Fed could be very different than Janet Yellen's, but the Fed governor is expected to steer monetary policy much as she did but jump into deregulation in a way she would not. Powell is expected to be nominated to head the Federal Reserve by President Donald Trump on Thursday as the successor to Yellen when her term ends in February. A lawyer and former undersecretary of the Treasury, he is considered a solid choice, and while not an economist, he is experienced at the Fed, having been appointed a governor in 2012. Powell is also a Republican and...