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Jerome Powell
News updates related to Jerome Powell
Fed faces pressure to cut interest rates after July jobs report
A weaker-than-expected July jobs report and worrying economic data are piling pressure on the Fed and Chairman Jerome Powell, leading markets to bet on a rate cut as early as September.
Market
Fed Governor Powell's Speech: Keeping Interest Rates the Same Was the Most Reasonable Decision
After the May policy meeting, US Federal Reserve Chairman Jerome Powell said that keeping interest rates at 4.25–4.5% was a reasonable decision given the current economic uncertainty. What is needed now is to “wait for more clarity.”
Jerome Powell - President Donald Trump's Headache
After much criticism, calling the Chairman of the US Federal Reserve (FED) Jerome Powell the “biggest loser” and even hinting at the possibility of being removed; in the latest move, US President Donald Trump suddenly reversed his decision and declared that he “has no intention of firing Mr. Powell”. Mr. Trump’s change of attitude came after stocks and the US dollar plunged earlier this week - in the context of the US leader continuously “attacking” Mr. Powell.
President Trump says he has no plans to fire Fed Chairman Jerome Powell
US President Donald Trump's recent criticism of Jerome H. Powell - Chairman of the US Federal Reserve (Fed) - for being "delayed" in lowering interest rates has raised questions about Mr. Powell's fate.
Jerome Powell - the FED's leader facing new challenges
When Jerome Powell (Chairman of the US Federal Reserve - FED) stepped up to the podium at the Jackson Hole Conference last August, he brought with him an optimistic message: The US economy was on track for a “soft landing” - slowing growth but not falling into recession, inflation gradually being controlled without causing serious damage to the labor market.
Gold price today August 28: US changes policy, gold plummets
Gold prices today, August 28, on the world market plummeted after the Fed Chairman announced a historic change in policy goals.
US President appoints Mr. Jerome Powell as Fed Chairman
On November 2, US President Donald Trump selected Mr. Jerome Powell, a member of the Board of Governors of the US Federal Reserve Bank (Fed), to serve as Fed Chairman to replace Ms. Janet Yellen after her term ends in February 2018.
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