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

4 monthes 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."
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Federal Reserve Chairman Jay Powell signaled in a highly anticipated speech on Friday that the central bank wasn't prepared...
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Powell says Fed will aid economy, but Trump escalates attack

Powell says Fed will aid economy, but Trump escalates attack

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

4 monthes 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...
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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

4 monthes 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.
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President Donald Trump lambasted Federal Reserve Chair Jay Powell in a tweetstorm Friday as his trade war with China...
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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

4 monthes 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

4 monthes 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.
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Stocks edge lower as traders weigh Fed chief remarks

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

4 monthes ago   |   By NY Times

Fed Chair Jerome H. Powell says the central bank will do what it can to sustain the expansion
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Powell says there's no 'rulebook' for trade war, pledges to 'act as appropriate' to sustain economy

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

4 monthes 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

4 monthes ago   |   By Chron

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