Post Tagged with: "Jerome Powell"

Source: CNBC

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

CNBC


Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.”

Noting progress made in job creation, goods consumption and business …

October 6, 2020 - 3:00 pm Closing Bell Story‎, Economy, Jobs
Source: CNBC

Fed picks its side in inflation debate and sends market a message — no rate hikes for years

CNBC


The Fed does not expect to see inflation pick up for years, and it is willing to keep rates at zero even after it does.

Stocks initially surged after the Fed released its post-meeting statement and its latest economic …

September 17, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: Reuters

The Fed could could still move markets Wednesday even with rates on hold for the foreseeable

CNBC


While committed to keeping interest rates low for the next several years, the Federal Reserve still has plenty of work to do as it steers the U.S. economy through the pandemic.

As central bank officials gather Tuesday and Wednesday

September 15, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Powell announces new Fed approach to inflation that could keep rates lower for longer

CNBC


The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.

In a move that Chairman Jerome Powell

August 27, 2020 - 3:30 pm Closing Bell Story‎, Economy, Finance
Source: CNBC

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level

CNBC


The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy.

In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near …

July 29, 2020 - 2:30 pm Closing Bell Story‎, Economy, Finance, Regulatory
Source: CNBC

Fed pledges to keep rates near zero until full employment, inflation come back

CNBC


The Federal Reserve painted a dour picture of current conditions and pledged Wednesday to continue its historically aggressive policy stance until it is comfortable that the U.S. economy is back on its feet.

Following this week’s Federal Open Market …

April 29, 2020 - 3:00 pm Closing Bell Story‎, Economy, Finance, Jobs
Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

Oil Eases as Fed’s Jackson Hole Meeting Gets Underway

From Reuters


Oil prices weakened on Thursday on worries about the global economy and as equity markets were on edge over the uncertain outlook for U.S. interest rate cuts.

Traders are awaiting a speech from Federal Reserve Chair Jerome Powell …

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

Oil Slumps 7% as Trump Announces Additional Tariffs on Chinese Imports

From Reuters


Oil prices plummeted more than 7% on Thursday, with the U.S. benchmark posting its worst day in more than four years, after President Donald Trump said he would impose additional tariffs Chinese imports starting Sept. 1.

The drop …