Tag: jerome powell
Dow soars over 700 points after Powell’s Jackson Hole speech, on track to blow past all-time high
Wall Street is rallying on Friday after the head of the Federal Reserve indicated the cuts to interest rates that investors and President Donald...
Powell says ‘shifting balance of risks’ may warrant a sooner rate cut
Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming months but...
Powell signals Fed may cut rates soon even as inflation risks remain
JACKSON HOLE, Wyo. – Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in...
Fed minutes reveal concern over ‘the effects of higher tariffs’ as central bank left rates unchanged
WASHINGTON (AP) — Most Federal Reserve officials said last month that the threat of higher inflation was a greater concern than the potential for job losses,...
Trump once again gets fresh ammunition in his fight with the Fed, calling on Governor Lisa Cook to resign over mortgage-fraud claims
President Donald Trump on Wednesday called on Federal Reserve governor Lisa Cook to resign after a member of his administration accused Cook of committing mortgage fraud.
Bill...
President Trump may want a lower base rate on behalf of consumers, but it sure is convenient for national debt too
It’s true the housing market has ground to a halt. And at some point, a lower base rate could improve the mortgage offers made...
Home Depot says tariff price increases are coming and customers are putting off larger home-improvement projects as worries about the economy fester
Home Depot customers are putting their big home-improvement projects on hold as worries about the economy and interest rates have them sticking to smaller...
Wall Street is banking that Powell will signal a rate cut at Jackson Hole—but the closer it gets, the less likely it looks
Markets were hoping for a further signal of their estimations this week, at the Jackson Hole Symposium held by the Federal Reserve Bank of...
Fed Chair Jerome Powell may seriously disappoint Wall Street at Jackson Hole
All eyes will turn to Federal Reserve Chairman Jerome Powell on Friday, when he is scheduled to deliver a highly anticipated speech at a...
Warren Buffett’s $1.6 billion bet on UnitedHealth sends the struggling insurer’s stock soaring
U.S. stocks are hanging around their record levels on Friday as Wall Street heads toward the finish of another winning week.
The S&P 500 edged down by...