Tag - jerome-powell

 
 

JEROME POWELL

A television station broadcasts Jerome Powell, chairman of the U.S. Federal Reserve, speaking after a Federal Open Market Committee (FOMC) meeting on the floor of the New York Stock Exchange (NYSE) on Wednesday.
BUSINESS / Markets
Dec 19, 2024
U.S. stocks tumble, dollar rallies as Fed signals fewer 2025 rate cuts
After latest interest rate cut, Fed 'significantly closer' to the point where no further cuts needed: Powell
Then-U.S. President Donald Trump looks on as Federal Reserve Chair Jerome Powell speaks at the White House in Washington on Nov. 2, 2017.
BUSINESS / Economy
Dec 9, 2024
Trump says he has no plan to remove Powell as Fed chair
Powell, whose term expires in May 2026, told reporters last month that he wouldn’t step aside early if Trump asked for his resignation.
U.S. Federal Reserve Chair Jerome Powell speaks during a news conference following a two-day meeting on interest rate policy in Washington on Thursday.
BUSINESS / Economy
Nov 8, 2024
Powell signals readiness to defy Trump in defense of Fed
Federal Reserve Chair Jerome Powell insisted the incoming president doesn’t have the power to fire him or other senior Fed leaders.
Fed Chair Jerome Powell injected uncertainty as to where future rates will ultimately land during his news conference following the Federal Open Market Committee meeting in Washington on Wednesday.
COMMENTARY / World
Sep 19, 2024
The Fed’s uncertain destination troubles the bond market
The upshot is that longer-term bond yields don’t have much room to fall in the near-term unless the economy weakens materially.
Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington on Wednesday.
BUSINESS / Economy
Sep 19, 2024
Fed cuts rates by half-point in decisive bid to defend economy
It is the Fed’s first rate cut in more than four years.
U.S. Federal Reserve chairman Jerome Powell
BUSINESS / Economy
Aug 26, 2024
Powell’s pivot leaves traders debating size and path of rate cuts
Bond traders are now focusing in on bets over the size of the first U.S. interest rate reduction and the future path of easing.
A television station broadcasts U.S. Federal Reserve Chair Chair Jerome Powell speaking in Jackson Hole, Wyoming, on the floor of the New York Stock Exchange in New York on Friday.
BUSINESS / Economy / ANALYSIS
Aug 24, 2024
Powell's Fed not shy about election-year cuts and ready to defend job market
The Fed chief sent a strong signal that the central bank will start cutting interest rates in mid-September, roughly seven weeks before the Nov. 5 election.
U.S. Federal Reserve Chair Jerome Powell delivers remarks during a press conference following the announcement that the Federal Reserve left interest rates unchanged, in Washington on Wednesday.
BUSINESS / Markets
Jun 13, 2024
Fed leaves rates unchanged and says cuts delayed to possibly December
U.S. policymakers are content to leave rates where they are until the economy sends a clear signal that something else is needed.
U.S. Federal Reserve Chair Jerome Powell holds a news conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington on Wednesday.
BUSINESS / Markets
May 2, 2024
U.S. market swings reveal inflation uncertainty ahead of key data
Some may be less likely to take the Fed chair at his word this time around after a dovish pivot in December was followed by months of upside surprises.
Then-U.S. President Donald Trump announces Jerome Powell as his nominee to become chairman of the U.S. Federal Reserve in the Rose Garden of the White House in Washington in November 2017.
BUSINESS / Economy / FOCUS
Apr 29, 2024
Trump’s economic confidants battle for sway on taxes and Fed policy
For months, the Trump campaign has been trying to rein in proposals from various factions with limited success.
U.S. Federal Reserve chair Jerome Powell laughs during the Macroeconomics and Monetary Policy Conference at the Federal Reserve Bank of San Francisco in San Francisco on Friday.
BUSINESS / Economy
Mar 30, 2024
Powell reiterates Fed doesn’t need to be in hurry to cut rates
Federal Reserve Chair Jerome Powell repeated that the U.S. central bank will await more evidence that inflation is contained before cutting rates.
A worker in the factory of Optimax Systems, in Ontario, New York on Thursday.
BUSINESS / Economy
Mar 18, 2024
Markets frustrated as Fed drops no hints on post-pandemic economy
With investors having to guess how they will respond, households and businesses are finding it harder to plan.
U.S. Federal Reserve chair Jerome Powell holds a news conference after a Federal Open Market Committee meeting in Washington on Wednesday. Powell signaled that an interest rate cut as soon as in March is unlikely, as the central bank remains data-dependent when mulling its next steps.
BUSINESS / Economy
Feb 1, 2024
Fed cements pivot but pushes back on timing of cuts
Chair Jerome Powell said officials would move patiently and doused speculation that rate cuts would start at the next meeting.
Jerome Powell, chairman of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee meeting in Washington on Wednesday. The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished, forecasting a series of cuts next year.
BUSINESS / Economy
Dec 14, 2023
Fed prepares to shift to rate cuts in 2024 as inflation eases
Updated quarterly forecasts showed Fed officials expect to lower rates by 75 basis points next year, a sharper pace of cuts than indicated in September.
U.S. Federal Reserve Chairman Jerome Powell attends the Jackson Hole economic symposium in Moran, Wyoming, on Friday.
BUSINESS / ANALYSIS
Aug 26, 2023
Fed chief's 'higher for longer' mantra fans investor caution
Federal Reserve Chair Jerome Powell has left open the possibility of further rate increases and stressed the U.S. economy’s surprising strength.
Japan Times
BUSINESS / Economy
Jun 15, 2023
Fed chief dances between pause and hikes in communication two-step
The surprisingly high projections may reflect a return to the Fed’s strategy of cooling a resilient economy while slowing its tightening campaign.
Japan Times
BUSINESS / Economy
May 8, 2023
Powell’s bet against recession looks good — minus the credit crunch and a standoff
Federal Reserve Chair Jerome Powell reckons the U.S. economy can skirt recession. But the odds are stacked against him — thanks to banking, politics, and even the weather.
Japan Times
BUSINESS / Economy
Mar 23, 2023
Fed opts for hike-and-see in gamble that crisis will stay contained
Officials at the U.S. Federal Reserve are making a calculated risk that, while the recent banking turmoil will likely slow the economy, it won’t mushroom into a broader financial meltdown.
Japan Times
BUSINESS / Economy
Mar 8, 2023
Fed's Powell sets the table for higher and possibly faster rate hikes
In his first public comments since inflation unexpectedly jumped in January, Powell acknowledged that the ‘disinflationary process’ is not unfolding smoothly.
Japan Times
BUSINESS / Economy
Dec 14, 2022
Fed to downshift to half-point hike but points to higher peak
The tricky part for Chairman Jerome Powell will be convincing investors that this isn't a dovish pivot and that officials won't prematurely end their assault against inflation.

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Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Is Japan ready for 60 million tourists?