Tag: Fed

2024-12-12

Fed Chair Jerome Powell can serve remainder of term, Scott Bessent says

No Comments
Business

Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on Nov. 7, 2024. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell can finish his first term leading the U.S. central bank, said Scott Bessent, a hedge fund magnate and President-elect Donald Trump’s pick for Treasury Secretary, despite…

Read More

2024-10-01

Powell indicates further, smaller rate cuts, insists the Fed is ‘not on any preset course’

No Comments
Business

Federal Reserve Chair Jerome Powell said Monday that the recent half percentage point interest rate cut shouldn’t be interpreted as a sign that future moves will be as aggressive, in fact indicating the next moves will be smaller. The central bank chief asserted during a speech in Nashville, Tennessee, that he and his colleagues will seek to balance bringing…

Read More

2024-09-28

The Fed slashed interest rates last week, but Treasury yields are rising. What’s going on?

No Comments
Business

Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC.  Anna Moneymaker | Getty Images News | Getty Images With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying attention. Despite the Fed…

Read More

2024-09-22

Biden Fed Jay Powell meeting Oval Office

No Comments
Business

Chairman of the Federal Reserve Jerome Powell (left) meets with President Joe Biden in the Oval Office on May 31, 2022. Saul Loeb | AFP | Getty Images President Joe Biden on Thursday said he had “never once spoken” to Federal Reserve Chair Jerome Powell while he was president. But the pair, joined by Treasury Secretary Janet Yellen, met…

Read More

2024-09-20

The Fed has set out on a ‘recalibration’ of policy. Here’s what Powell’s new buzzword means

No Comments
Business

Federal Reserve Chair Jerome Powell has unveiled his latest buzzword to describe monetary policy, with a “recalibration” of policy at a pivotal moment for the central bank. At his news conference following Wednesday’s open market committee meeting, Powell used variations of the word no fewer than eight times as he sought to explain why the Fed took the unusual…

Read More

2024-09-18

Fed to cut rates by a quarter point with a soft landing expected, according to CNBC Fed Survey

No Comments
Business

Federal Reserve Chairman Jerome Powell. Andrew Harnik | Getty Images With considerable uncertainty about what the Federal Reserve will do at its meeting this week, respondents to the CNBC Fed Survey are forecasting a more gradual approach to rate cuts than is currently priced into markets. The survey shows 84% of the 27 respondents, including economists, fund managers and…

Read More

2024-09-06

The Fed won’t save stocks, sell the first rate cut, says Stifel

No Comments
Business

Think rate cuts will save the bull market? Think again, according to Stifel. “Fed cuts are a red herring,” Stifel strategists said in a note to clients. “We have our doubts about the currently widespread belief that ‘Fed Cuts = Buy Stocks.’” Markets are expecting the central bank to lower benchmark rates by at least a quarter-percentage point in…

Read More