Investors are betting that the newly renamed Federal Reserve (Fed) chairman Jerome Powell will have to accelerate the pace of normalization of the central bank’s monetary policy to better cope with rising consumer prices. For months, Powell has insisted that the current inflation outbreak is likely to be transitory, and has said that the central […]
Tag: Jerome Powell
Yellen: Fed, in Powell’s Second Term, Must Ensure Inflation Doesn’t Become Endemic
Updated on 11/22/2021 07:57 pm During a second term of Jerome Powell as president of the Federal Reserve (Fed) from USA, the central bank will have an important role to play in the long term to ensure that inflation does not become endemic, the Treasury secretary told CNBC, Janet Yellen. Yellen said she believed Powell’s […]
Biden considers Powell the “right person” at the Fed to fight inflation
Jerome Powell is the “right person“To lead the Federal Reserve (Fed) for a second term and fight against the record rise in US inflation, President Joe Biden said on Monday after announcing that he is keeping the head of the world’s most influential central bank in office. The appointment, which is expected to be confirmed […]
Powell’s new term at the Fed means stability for investors
The election of Jerome Powell to continue as chairman of the Federal Reserve (Fed) gives global investors stability and some predictability, as the central bank prepares to reduce its asset purchases and start raising interest rates. Many investors expected Powell, who was named president by Donald Trump in 2017, to be re-appointed by Joe Biden […]
Fed: two Democratic senators urge Biden not to rename Powell
Updated on 11/20/2021 04:04 am Two progressive Democratic senators from the United States said they oppose a reappointment of Federal Reserve Chairman Jerome Powell, joining Elizabeth Warren in calling for President Joe Biden to elect someone else. Jeff Merkley from Oregon and Sheldon Whitehouse Rhode Island officials said in a statement issued early Friday that […]
Biden reportedly interviewed Brainard for Fed chairmanship
Federal Reserve Governor Lael Brainard was interviewed for the top job at the U.S. central bank when she visited the White House last week, according to people familiar with the discussions, noting that Fed Chairman Jerome Powell was faces a strong rival as President Joe Biden decides who will run the Fed for the next […]
Fed could announce the reduction of its bond purchase plan tomorrow
Updated on 02/11/2021 02:15 pm The Federal Reserve (Fed) of the United States started its two-day meeting on Tuesday after which it is expected to announce the beginning of the reduction of its multimillion-dollar monthly bond purchase program amid the economic recovery and the persistent rise in prices . The US central bank will report […]
Fed Chairman Amid Stock Market Questioning
Updated on 10/19/2021 06:18 pm The president of the Federal Reserve (Fed) of the United States, Jerome Powell, was in the middle of questions about important stock transactions carried out during the crisis, revelations that fall at a bad time for the leader who hopes to know whether or not he will have a second […]
Fed outlines plan to cut bond buying program in mid-November
The central bankers of USA pointed out that they could start to reduce the support they gave to the economy during the crisis in mid-November, but remain divided on the degree of threat posed by inflation and how quickly interest rates may have to rise, according to the minutes of their monetary policy meeting on […]