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Tag: Jerome Powell

US two-year bond at high since 2007

US two-year bond at high since 2007 US two-year bond at high since 2007

Two-year U.S. Treasury yields hit a 15-year high today as investors reassessed their stance on a more extended period of aggressive Fed rate hikes that the Fed chief signaled on Friday. The Fed will continue to raise interest rates in an effort to curb inflation, even if those hikes cause “financial pain” to households and […]

Citi: Bear market almost inevitable for Japanese stocks after Powell speech

Citi: Bear market almost inevitable for Japanese stocks after Powell speech Citi: Bear market almost inevitable for Japanese stocks after Powell speech

A bear market in Japanese stocks is “almost inevitable” as a recent speech by US Federal Reserve Chairman Jeron Powell pulled the rug out from under the relief rally that markets have been on since mid-July, an executive said. equity strategy of Citigroup Global Markets Japan which is cited by the Bloomberg agency. According to […]

Powell’s 8-minute speech wiped $78 billion from wealthiest Americans

Powell’s 8-minute speech wiped $78 billion from wealthiest Americans Powell’s 8-minute speech wiped  billion from wealthiest Americans

In just eight minutes, the chairman of the Federal Reserve Bank of the USA (Fed) Jerome Powell triggered a market crash that reduced the fortunes of America’s richest people by $78 billion, according to Bloomberg. Elon Musk saw $5.5 billion wiped from his fortune. Jeff Bezos lost $6.8 billion, the most of anyone on the […]

Powell also ‘throws’ cryptocurrencies

Powell also ‘throws’ cryptocurrencies Powell also ‘throws’ cryptocurrencies

Cryptocurrencies are following the decline in international markets and are taking losses after US Federal Reserve (Fed) Chairman Jerome Powell warned against premature easing of monetary policy, with Bitcoin hovering just above $20,000. “Powell’s admission that there will be pain before there is relief is hawkish,” said Josh Olszewicz, head of research at digital asset […]

Powell: The Fed will aggressively use its tools to rein in inflation

Powell: The Fed will aggressively use its tools to rein in inflation Powell: The Fed will aggressively use its tools to rein in inflation

LAST UPDATE: 17.39 Federal Reserve Chairman Jerome Powell spoke of a tough commitment Friday to contain inflation, warning that he expects the central bank to continue raising interest rates in a way that will cause “financial stress” on the US economy, according to the CNBC. In his much-anticipated annual speech on monetary policy in Jackson […]

What Powell will say about inflation – recession at the conference of central bankers

What Powell will say about inflation – recession at the conference of central bankers Powell’s 8-minute speech wiped  billion from wealthiest Americans

US Federal Reserve Chairman Jerome Powell will stress in his speech at a crucial central bankers’ meeting next week that the Fed is determined to tame high US inflation even if that means a recession, economists say. Investors’ attention is already focused on speeches by officials at the annual economic conference in Jackson Hole, Wyoming, […]

Larry Summers: Fed Continues ‘Wishful’ Inflation Policy

Larry Summers: Fed Continues ‘Wishful’ Inflation Policy Larry Summers: Fed Continues ‘Wishful’ Inflation Policy

Strong criticism of the Fed and its head Jerome Powell was expressed by former US Treasury Secretary and long-time Harvard President Larry Summers, saying he fears the central bank is continuing to pursue a policy of “wishful thinking” in its actions against inflation. . “Jay Powell said things that, to put it bluntly, were unsupported,” […]

Powell (Fed): ‘Window’ for another rate hike of 75 basis points in September

Powell (Fed): ‘Window’ for another rate hike of 75 basis points in September Powell (Fed): ‘Window’ for another rate hike of 75 basis points in September

LAST UPDATE 22:20 The Federal Reserve has the right tools and determination to bring inflation back to its 2% target, central bank governor Jerome Powell said shortly after decision on the second consecutive increase in US interest rates by 75 basis points. The Fed governor underlined that inflation remains high and in this context the […]

Powell’s inflation index is poised for another jump

Powell’s inflation index is poised for another jump Powell’s inflation index is poised for another jump

A broad gauge of inflation expectations, which Federal Reserve Chairman Jerome Powell had pointed to as a reason for June’s huge rate hike (by 75 basis points), is expected to show a big increase when it is released on July 15. This is the index of joint inflation expectations, compiled by the Fed’s economists at […]

Powell: The economy is in a good position to withstand tighter monetary policy

Powell: The economy is in a good position to withstand tighter monetary policy Powell: The economy is in a good position to withstand tighter monetary policy

Federal Reserve Chairman Jerome Powell said today that the US economy is in a “strong position” and the central bank can reduce inflation to 2% while maintaining a stable labor market, although this task has become more difficult. the last months. “We hope that growth will remain positive,” Powell said during a discussion Wednesday at […]