Sen. Rand Paul (R-KY) told Breitbart News in a statement Monday that Jerome Powell’s renomination to serve a second term as the Federal Reserve chairman will do nothing to curb “America’s inflationary spiral.”
President Joe Biden was silent on Monday morning after a vehicle plowed into a crowd at a Christmas parade in Wisconsin, killing at least five people.
After months of delayed decision making, President Biden has decided to nominate Fed chair Jerome Powell for a second term.
Treasury Secretary Janet Yellen warned that Biden’s $1.2 trillion infrastructure bill could cause the United States to hit its debt limit on December 15.
Powell on Friday sounded a note of heightened concern about inflation and supply-side strains on the economy.
Fed officials will be banned from owning individual stocks and bonds under the new rules. Nancy Pelosi and others in Congress remain free to trade.
The Atlanta Fed president says it is becoming increasingly clear that the intense and widespread supply chain disruptions will not be brief.
Teen Vogue asks: “What Is the Federal Reserve and Why Does It Matter?” It gets both answers wrong.
The Federal Reserve is “the brainchild of six white men” which favors corporate America and Wall Street “instead of for struggling workers,” according to an op-ed published in Teen Vogue on Tuesday.
Senator Elizabeth Warren (D-MA) said Tuesday on MSNBC’s “The Last Word” that Fed Chair Jerome Powell should not be renominated because he is putting the U.S. economy in risk of another financial crisis.
At a hearing on Tuesday, Senator Warren said that Fed chair Jerome Powell’s bank supervision policies were putting the country at risk of a 2008-style financial crisis.
Sen. Elizabeth Warren (D-MA) urged the Federal Reserve to break up Wells Fargo, pointing to the persistent stream of scandals pouring forth from America’s third largest bank by assets.
Sen. Jon Tester (D-MT) said President Joe Biden should renominate Federal Reserve Chairman Jerome Powell, countering demands from the radical left Democrat “squad” that the administration should nominate a new chair with more radical views.
The so-called radical-left squad demanded President Joe Biden to oust Federal Reserve Chair Jerome Powell, urging him to appoint a new chair with radical views such as racial justice and climate activism.
Vulnerable Democrats running for reelection or higher officer in the midterms are bracing for Republican attacks on the rising inflation during the August recess when members are doing district work.
Powell pointed out that the second wave of infections that hit last summer had less of an economic impact than expected, in part because the states did not impose as severe lockdowns and because many households and businesses had adjusted to better deal with the pandemic.
Powell said Wednesday that “people need to have faith” that the Fed can stop inflation if it gets too high.
Sen. Rick Scott called on Powell to “stop ignoring the harmful impacts of inflation on American families and lay out a clear plan to address the crisis created by President Biden and Democrats’ reckless spending.”
A study by a trio of economists shows that the narrative accompanying official Federal Reserve forecasts can be used to predict economic surprises.
Federal Reserve Chairman Jerome Powell said Friday climate change is a threat to the global economy and called for the United States to lead a coordinated response to that threat.
The Federal Reserve on Wednesday acknowledged recent progress in employment and economic growth while saying it would keep its interest rate target near zero.
President Joe Biden has revealed a $2.25 trillion dollar infrastructure proposal to build two million homes and apartments while big money funds are quickly scooping up nearly all available single-family homes.
The Fed chair sounded a bit more upbeat about the progress of the economic recovery on Tuesday.
Federal Reserve Chair Jerome Powell emphasized the damage the economy has suffered due to the pandemic and stressed that there was still a long way to go to a full recovery.
The yield curve—the difference in yields for short-term and long-term debt—has sharpened dramatically in recent weeks as investors have sold off bonds maturing five-years or more into the future while shorter-term bonds have held steady.
In a speech in New York Wednesday, Fed chair Jerome Powell downplayed the risks of inflation and urged lawmakers to embrace higher spending to restore the labor market.
“We have not won this yet. We need to stay focused on it as a country and get there,” Fed chair Jerome Powell said
Trump was lambasted for criticizing the Fed. But as he leaves office, it’s clear Trump won his fight over monetary policy.
Fed officials project the economy will contract 6.5 pecent this year before returning to grow at the fastest pace since the 1980s next year.
The economic downturn from the novel coronavirus pandemic is “without modern precedent” and “significantly worse than any recession” the U.S. has experienced since World War II, U.S. Federal Reserve Chairman Jerome Powell told a Senate panel on Tuesday.
Far more Americans are worried that inflation will go higher than are worried about unemployment going higher over the next 6 months.
The Fed said Thursday that it is activating a Main Street Business Lending Program authorized by the CARES Act, the largest economic relief package ever passed by Congress.
During a Thursday interview on NBC’s “Today,” Federal Reserve Chairman Jerome Powell discussed the risks taken to help the economy amid the coronavirus pandemic.
The Fed will deploy a new round of large scale bond purchases to combat the economic toll of the coronavirus.
The U.S. Federal Reserve announced Sunday evening that it would slash interest rates to near-zero and buy billions of dollars in bonds in an effort to protect the U.S. economy from the ongoing effects of the coronavirus outbreak.
The futures market now implies that there is a 100% chance the Fed will cut rates by 50 basis points by the end of the next meeting.
In a rare unscheduled statement, Fed chair Powell sent a signal to financial markets that the Fed is taking the coronavirus threat seriously.
Powell added that the Fed is “very carefully monitoring the situation.”
President Donald Trump on Monday confirmed he met Federal Reserve Chairman Jerome Powell at the White House to discuss monetary policy.
Stocks moved higher despite impeachment inquiry, China trade deal worries, and Fed chair Powell standing pat.
