News list for " Reserve Chairperson"
Cleveland Fed President Mark Hammarck dissented at the third Fed meeting, where she only participated in decision-making. She opposed the idea that interest rates had to be cut due to market expectations at the time, and said her objection was supported by Powell and other colleagues. Click to view > >
The 2027 FOMC voting committee, San Francisco Federal Reserve President Daly, and Federal Reserve Governor Coogler have been invited to participate in a monetary policy panel discussion to be announced in ten minutes.
Trump's nominee for Treasury secretary, Bessent, has supported Federal Reserve Chairperson Jerome Powell to serve out his full term.
On December 8, US President-elect Don Trump said on NBC's "Meeting with Kristen Welker" broadcast on Sunday that he would not try to replace Federal Reserve Chairperson Jerome Powell after he takes office in January. Asked if he would seek to replace Powell, Trump told Welker: "No, I don't think so." "I think he would [resign] if I told him. But if I asked him [to resign], he probably wouldn't."
The small non-farm data released overnight was lower than expected, but Federal Reserve Chairperson Powell's speech was relatively conservative. The expected interest rate cut in December did not change much, and gold maintained a volatile trend. Tomorrow's non-farm data is coming, can gold make a breakthrough? > >
"We don't need to have a sense of urgency," Mary Daly, chairperson of the San Francisco Fed and a member of the 2024 FOMC voting committee, told PBS's "News Hour" program on Wednesday. "There is no sense of urgency, but we do need to continue to carefully adjust our policy to make sure it's consistent with our economy today and the economy we expect to have going forward." She added that policymakers will discuss the best options at the Federal Reserve's December 17-18 meeting in Washington.
Daley, the chairperson of the San Francisco Fed and the 2024 FOMC voting committee, will be interviewed in ten minutes.
Federal Reserve Chairperson Jerome Powell: Bitcoin is used as a speculative asset; its competitor is gold, not the dollar.
Federal Reserve Chairperson Jerome Powell once again stressed that the economy is performing well and inflation continues to progress, so there is room for continued caution in cutting interest rates.
Mr. Bescent, Mr. Trump's nominee to be Treasury secretary, has suggested in Barron's that Mr. Trump publicly name a successor to Fed chairperson Jerome Powell as soon as he takes office, effectively creating a "shadow Fed chairperson", which Mr. Powell has objected to. "I don't think that's on the table at all," Mr. Powell said on Wednesday. "There's a whole range of institutional relationships between the Fed and every administration. I totally think we can keep the same relationship." Mr. Powe...
On December 4 local time, Federal Reserve Chairperson Powell said in an interview on the same day that the Federal Reserve was created by Congress to act on behalf of all Americans, regardless of politics, and this is "the law of the country". Powell added that he was not worried that Congress would change the independence of the Federal Reserve and opposed suggestions that the president should have a say in interest rate policy.
Federal Reserve Chairperson Jerome Powell said on Wednesday that the US economy is stronger than it was when the central bank began cutting interest rates in September last year, making policymakers likely to be more cautious about further rate cuts. "We can be more cautious as we try to find a neutral position," Mr. Powell said. Mr. Powell's comments on Wednesday appeared to be in line with more cautious policymakers and largely echoed earlier views that the Fed could consider rate cuts "carefu...
Federal Reserve Chairperson Jerome Powell has said that bitcoin is being used as a speculative asset; its competitor is gold, not the dollar.
On November 30, according to Golden Ten Data, Federal Reserve Chairperson Powell will be interviewed at the New York Times DealBook/Summit on December 5, and the market is closely watching his remarks on the pace of interest rate cuts. The Fed's November monetary policy meeting notes broad support among policymakers for a cautious approach to future rate cuts. Fed funds futures show that the market expects interest rates to fall from the current 4.5% to 4% by the end of 2024.
Last week's speech by Federal Reserve Chairperson Jerome Powell, which hinted at a possible pause in interest rate cuts at an upcoming meeting, upset investors. However, some economists do not see Powell's remarks as having a negative impact on the market. Andrew Hollenhorst, chief US economist at Citi, said: "Treasury yields are higher because of Powell's remarks, but we see this more as a sign that Powell is keeping all options open than a deliberate hawkish...
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