Jerome Powell has been in the news recently due to his role as the Chair of the Federal Reserve and the decisions made by the Federal Reserve regarding interest rates. The Federal Reserve has been closely monitoring inflation rates and economic indicators to determine the appropriate course of action. Powell has had to navigate the challenges of balancing the need to address inflation with the potential impact on the economy.
Jerome Hayden "Jay" Powell was born on February 4, 1953. He became the 16th Chair of the Federal Reserve in February 2018, after being nominated by President Donald Trump and confirmed by the United States Senate. Powell has a background in law and finance, having served in various roles in the public and private sectors before his appointment to the Federal Reserve. As Chair of the Federal Reserve, Powell plays a crucial role in setting monetary policy and overseeing the country's financial system. His decisions and statements have a significant impact on financial markets and the broader economy.
-
Also, Biden and Trump agreed to debate in June and September. Here’s the latest at the end of Wednesday.
-
U.S. wholesale prices rose sharply last month, a sign that stubbornly high inflation may persist after three elevated readings in consumer prices to start the year
-
Fed officials still think their next move will be to cut rates, but they are not entirely ruling out the possibility that they might have to raise them.
-
The Federal Reserve left interest rates unchanged for a sixth straight meeting and suggested that rates will stay high for longer.
-
"If you take away Fed independence, investors are gonna get jittery, inflation expectations are going to go up, the dollar is going to tank."
-
UK’s blue-chip index rises to 8,076, surpassing previous high of 8,047 in February 2023
-
With the Fed’s pivot plans now in disarray, it’s 2015 in reverse.
-
"The acceleration of inflation this year makes a cut prior to December challenging, in our view," the team led by Michael Gapen said in the note.
-
Powell in recent weeks has had to reconcile expectations for rate cuts to begin this year with data showing improvement in the inflation numbers has slowed, if not stalled.
-
The S&P 500 surpassed 5,200 for the first time as the Fed affirmed three rate cuts are likely coming later this year.
-
The Fed chair said regulators could scale back or rework a sweeping capital-requirements proposal that Wall Street has been fighting for months.
-
Central bank leader cautions that continued progress on inflation ‘is not assured’ in remarks prepared for House committee
-
Investors will be keeping a close eye on Federal Reserve chair Jerome Powell's congressional testimony due later on Wednesday.
-
The movie was made for the biggest and most lucrative of the silver screens.
-
The US economy added 353,000 jobs in January, surpassing economists' forecasts, and hourly wages rose 0.6% from the previous month, outpacing inflation.
-
The Federal Open Market Committee will meet to decide on the direction of the Federal Reserve's policy and messaging.
-
The US added 216,000 jobs in December, surpassing economists' forecasts, but hiring activity and job vacancies declined.
-
Federal Reserve officials indicated that they expected to cut rates three times in 2024.
-
The Federal Reserve's potential interest rate cuts are dominating market expectations in early 2024.
-
The Federal Reserve’s preferred measure of inflation rose less than expected in November, bolstering bets that the central bank will begin cutting interest rates next year. The Personal Consu…