Jerome
Follow the big policy update, Chair Jerome Powell briefing here
Stocks drop after Fed update The Dow dropped more than 300 points at one point after the Fed’s update. With the Fed raising its inflation expectations and now seeing two rate hikes in 2023, investors decided to take risk off. The Dow was last down about 240 points. One bright spot was bank stocks with …
WATCH LIVE: Fed Chairman Jerome Powell speaks on monetary policy amid Covid-19 pandemic – 9/16/2020
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Fed Chair Jerome Powell calls out massive US health spending, says Americans are ‘getting nothing’ in return
Chip Somodevilla/Getty Fed Chair Jerome Powell said at a Senate hearing on Wednesday that Americans are “getting nothing” in return for what the US spends on healthcare. “The outcomes are perfectly average for a first-world nation, but we spend 6 to 7% of GDP more than other countries. So it’s about the delivery. That’s a …
Wall Street monitors speech from Fed chair Jerome Powell
U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve’s top official. At around 03:00 a.m. ET, Dow futures rose 108 points, indicating a positive open of more than 92 points. Futures on the S&P and Nasdaq were both slightly higher. Market focus is largely attuned …
Jerome Powell: I won’t leave if Trump asks me to quit
“Of course, I would not do that,” replied Powell, who was appointed by Trump. “I can’t hear you,” said Waters in response to which the hearing room erupted in laughter. “The answer would be, ‘No,’” Powell said. Waters pressed further, asking, “Do you believe the President doesn’t have the authority?” He replied: “What I have …
Fed’s Jerome Powell to give testimony
U.S. stock index futures were lower on Tuesday morning, as traders waited to hear from Federal Reserve Chairman Jerome Powell. At around 03:35 a.m. ET, Dow futures slipped 93 points, indicating a negative open of more than 100 points. Futures on the S&P and Nasdaq were also lower. Wall Street closed lower on Monday on …
I never threatened to demote Federal Reserve Chairman Jerome Powell
President Donald Trump, left, and Jerome Powell, governor of the U.S. Federal Reserve and Trump’s nominee for chairman of the Federal Reserve, walk to a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. Saul Loeb | AFP | Getty Images President Donald Trump said …
