Economy - Finance > Sustainability

Trump lashes out after Fed chief Powell signals the central bank won't cut rates as much as the White House wants

23 days ago   |   By Chron

Associated Press
Federal Reserve Chairman Jay Powell signaled in a highly anticipated speech on Friday that the central bank was open to further interest-rate cuts.
But policymakers likely won't lower as much as the White House has demanded.
While he said the economy remained in a "favorable place," geopolitical factors, including an escalating trade dispute between the US and China, had created a "complex, turbulent picture."
Visit Markets Insider for more stories .
Federal Reserve Chairman Jay Powell signaled in a highly anticipated speech on Friday that the central bank wasn't prepared...
Read more ...

 

Powell says Fed will aid economy, but Trump escalates attack

Powell says Fed will aid economy, but Trump escalates attack

23 days ago   |   By Chron

WASHINGTON - Federal Reserve Chairman Jerome Powell signaled Friday that the Fed stands ready to cut interest rates further if the economy needs it but wasn't clear about when or by how much.
Powell had barely finished speaking to central bankers in Jackson Hole, Wyoming, before President Donald Trump escalated his attacks on the Fed, which he has repeatedly accused of keeping rates too high.
"As usual, the Fed did NOTHING!" Trump tweeted. "It is incredible that they can 'speak' without knowing or asking what I am doing, which will be announced shortly. We have a very strong dollar and a...
Read more ...

 

The Latest: Some see signal in Powell speech of rate cuts

23 days ago   |   By Chron

WASHINGTON - The Latest on the gathering of central bankers in Jackson Hole, Wyoming :
12 noon.
Some economists saw Federal Reserve Chairman Jerome Powell's speech in Jackson Hole as setting the stage for further interest rate cuts this year. A quarter-point rate cut reduction in September is considered all but certain. Some think the Fed will cut rates again in December.
Paul Ashworth, chief U.S. economist at Capital Economics notes that Powell "warned that the downside risks have intensified in the three weeks since the July meeting."
Brian Bethune, economics lecturer at Tufts...
Read more ...

 

Trump asks whether the Fed chief or China is 'our bigger enemy' as the trade war takes a dark turn

Trump asks whether the Fed chief or China is 'our bigger enemy' as the trade war takes a dark turn

23 days ago   |   By Business Insider

President Donald Trump lambasted Federal Reserve Chairman Jay Powell in a tweetstorm Friday as his trade war with China escalated.
"My only question is, who is our bigger enemy, Jay Powel or Chairman Xi?" Trump wrote on Twitter.
The latest attacks on Powell came as the trade war between the US and China entered a new phase, heightening political risks for the Trump reelection campaign a week after a recession warning flashed.
Visit Markets Insider for more stories .
President Donald Trump lambasted Federal Reserve Chair Jay Powell in a tweetstorm Friday as his trade war with China...
Read more ...

 

Trump lashes out after Fed chief Powell signals the central bank won't cut rates as much as White House wants

Trump lashes out after Fed chief Powell signals the central bank won't cut rates as much as White House wants

23 days ago   |   By Business Insider

Federal Reserve Chairman Jay Powell signaled in a highly anticipated speech Friday that the central bank was open to further interest rate cuts.
But policymakers likely won't lower as much as the White House has demanded.
While he said the economy remained in a "favorable place," geopolitical factors including an escalating trade dispute between the US and China have created a "complex, turbulent picture."
Visit Markets Insider for more stories .
Federal Reserve Chairman Jay Powell signaled in a highly-anticipated speech Friday the central bank wasn't prepared to cut interest rates as much...
Read more ...

 

Federal Reserve chief offers no clear hint on further rate cuts

23 days ago   |   By Review Journal

Federal Reserve Chairman Jerome Powell says President Trump's trade wars have complicated the Fed's ability to set interest rate policies but offers no clear signal about interest rate cuts.
Read more ...

 

Stocks edge lower as traders weigh Fed chief remarks

23 days ago   |   By Chron

Stocks edged lower in early trading on Wall Street Friday after Federal Reserve Chairman Jerome Powell gave no clear signal on additional interest rate cuts. Stocks recovered some of their losses from an early slide caused by the latest escalation in the trade war between the U.S. and China.
Speaking at a Fed policy conference in Jackson Hole, Wyoming, Powell noted that there's growing evidence of a global economic slowdown and suggested that uncertainty over President Donald Trump's trade wars have complicated the central bank's ability to set interest rate policy.
Powell reiterated that...
Read more ...

 

As Trump Calls for Cuts, Powell Stresses Limits of Fed Policy

23 days ago   |   By NY Times

Fed Chair Jerome H. Powell says the central bank will do what it can to sustain the expansion
Read more ...

 

Powell says there's no 'rulebook' for trade war, pledges to 'act as appropriate' to sustain economy

23 days ago   |   By CNBC

Powell repeats his pledge to keep the economic expansion going while acknowledging that tariffs and other factors are causing growth to slow.
Read more ...

 

The Latest: Powell offers no clear hint on further rate cuts

23 days ago   |   By Chron

WASHINGTON - The Latest on the gathering of central bankers in Jackson Hole, Wyoming :
10 a.m.
Federal Reserve Chairman Jerome Powell says President Donald Trump's trade wars have complicated the Fed's ability to set interest rate policies but offers no clear signal about further interest rate cuts.
Speaking to a Fed policy conference in Jackson Hole, Wyoming, Powell points to increasing evidence of a global economic slowdown and suggests that uncertainty from Trump's trade wars has contributed to it.
He says the outlook for the U.S. economy remains favorable but that it continues to face...
Read more ...

 

Powell says Trump trade wars complicate US economic outlook, offers no clear signal on rate cuts

23 days ago   |   By Chron

WASHINGTON - Powell says Trump trade wars complicate US economic outlook, offers no clear signal on rate cuts.
Read more ...

 


Search by Tags

   Sustainability      Places      Rate      Marketing      Trading      Market      Banks      China      Jobs      Bank      Ads      Economy      House      Housing      Job      World      Moving      Business      Mc-business      Trader      Traders      Powell      Jerome H      Trump      Donald J      Interest Rates      Federal Reserve System      Frankfurt      London  


If You Think The Price Of Oil Is Skyrocketing Now, Just Wait Until The War...

If You Think The Price Of Oil Is Skyrocketing Now, Just Wait Until The War Starts

In the aftermath of the most dramatic attack on Saudi oil facilities that we have ever seen, the price of oil has exploded higher. The Wall Street Journal is calling this... Read more ...

UAW Votes For Nationwide Strike To Begin Before Midnight Sunday

UAW Votes For Nationwide Strike To Begin Before Midnight Sunday

The move comes after failing to agree to a new contract with General Motors over wages, health care and profit-sharing. Nearly 50,000 workers will be affected when production... Read more ...

Who has the best cheap car insurance in Florida?

Who has the best cheap car insurance in Florida?

Holbox/Shutterstock Florida is the fifth-most expensive state in the US for car insurance, according to the Institute for Insurance Information. Typical Floridians will spend... Read more ...

'He's a businessman': One of Hong Kong's most prominent activists is urging...

'He's a businessman': One of Hong Kong's most prominent activists is urging Trump to back the pro-democracy movement and prevent a 'nightmare' for the world economy

Associated Press/Michael Sohn One of Hong Kong's most prominent pro-democracy activists says Trump is a "businessman" and should understand the consequences of a potential... Read more ...

PHOTOS: Vanilla Boom Is Making People Crazy Rich - And Jittery - In Madagascar

PHOTOS: Vanilla Boom Is Making People Crazy Rich - And Jittery - In Madagascar

The price of vanilla is ten times higher than a few years ago. That's bringing unimagined wealth to local villages - and problems as well. Read more ...

If you shop at Amazon, make sure you're using a credit card that earns you...

If you shop at Amazon, make sure you're using a credit card that earns you bonus points or cash back. Here are 4 of the best options

Amazon sells just about everything. If you frequently make purchases with the retailer, you should use a credit card that earns you bonus rewards or cash back on your... Read more ...

Who has the best cheap car insurance in New York?

Who has the best cheap car insurance in New York?

New York comes in as the third-most expensive state in the US for car insurance, according to the Insurance Information Institute. Insurance rates vary from person to person... Read more ...

Bonobos founder and Walmart exec Andy Dunn shares the story of how he...

Bonobos founder and Walmart exec Andy Dunn shares the story of how he bewildered a Bank of America teller during the 2008 financial collapse

Andy Dunn, Walmart 's senior vice president of digital consumer brands, recently shared a memory about his early days with Bonobos . In 2017, Dunn sold his online menswear... Read more ...

These Award-Winning Chefs Are Expressing Their Indian Heritage With Southern...

These Award-Winning Chefs Are Expressing Their Indian Heritage With Southern Food

Despite its notoriously tiny kitchen and a bathroom trapped in 1975, The James Beard House is one location chefs want to cook a meal at during their career. After all, if you... Read more ...

IoT - Futuristic Technology Can Change Future of Mobile App Development

IoT - Futuristic Technology Can Change Future of Mobile App Development

Internet of Things is one of the most impressive and useful technologies for modern business globally. It can drive any company toward success by enabling the management to... Read more ...