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."
Non-farm boots landing, the US job market continues to cool; Powell assists "100,000 dollar historical market", how much space is there for follow-up imagination? Oil prices continue to decouple from inventories, the market ignores OPEC + to give positive, and the two major market blind spots have not reached a consensus. Should crude oil bulls continue to insist? Click to get weekly macro analysis > >
Although Powell's remarks leave open the possibility that the Federal Reserve will make any choice at the December meeting, the market does not seem to think so. Will this non-farm payroll become the first piece of the puzzle for the Federal Reserve to suspend interest rate cuts?
Although Powell's remarks leave open the possibility that the Federal Reserve will make any choice at the December meeting, the market does not seem to think so. Will this non-farm payroll become the first piece of the puzzle for the Federal Reserve to suspend interest rate cuts?
Powell "refutes" Trump! The Fed's actions in December are still a mystery, gold and the US index are in range; the political turmoil in France and South Korea, Trump nominates crypto-friendly as SEC chairperson... What major events happened in the world yesterday and this morning?
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.
Powell said the Fed will gradually move towards a more neutral interest rate over time, and although downside risks are lower than expected, the Fed can remain cautious in its search for a neutral rate. U.S. inflation is not yet on target, but it is still making progress. U.S. unemployment remains at very low levels. The September rate cut is a strong signal to support the labor market.
"Data frenzy" is coming! Will Powell and non-farmers "pour cold water" on the market's interest rate cut expectations? Gold investors need to be careful now, the market sentiment is "too high", and the US stock market correction may be on the way...
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...