Home Tags Federal Reserve

Tag: Federal Reserve

‘A new risk to the global growth outlook’: Here’s what the Fed said about the coronavirus outbreak at its last meeting

The Federal Reserve deemed current market risks as "somewhat more favorable" to those seen in late 2019 as coronavirus fears replaced trade tensions.

EXCLUSIVE: Derek Kan is no longer under consideration for Fed seat

Department of Transportation Undersecretary Derek Kan is not being seriously considered for a spot on the Federal Reserve board, according to a White House source familiar with the nomination process.

‘A very, very dangerous path to go down’: Key Republican senators slam Trump’s Fed pick

Shelton embraced a broader departure from precedent at the central bank, asserting: "I don't claim to be in the mainstream of economists."
Federal Reserve Board Chairman Jerome Powell testifies before the House Financial Services Committee in the Rayburn House Office Building on Capitol Hill February 27, 2018 in Washington, DC. Powell testified abou the Federal Reserve's semi-annual monetary policy report to Congress and the state of the economy

Fed Chair Jerome Powell calls out massive US health spending, says Americans are ‘getting nothing’ in return

"So it's about the delivery. That's a lot of money that you are effectively spending that you are getting nothing," Powell said at a Senate hearing.
Acting U.S. Assistant Secretary of Treasury for Financial Stabilization Neel Kashkari testifies before the Domestic Policy Subcommittee hearing about the Troubled Asset Relief Program on Capitol Hill in Washington, March 11, 2009.

Fed president Neel Kashkari tears into ‘giant garbage dumpster’ cryptocurrencies

The Fed official praised the SEC for "cracking down on" the coin-offering frauds that have "fleeced" people for billions of dollars.

The coronavirus outbreak will ‘very likely’ affect the US economy, Fed warns

A growing number of companies have warned of fallout from the coronavirus, saying closures and other disruptions would chip away at revenue this year.

Household debt balloons the fastest since 2007, Federal Reserve says

Total household debt is now $14.15 trillion — about $1.5 trillion more, nominally, than debt levels were in the third quarter of 2008.
President Donald Trump and Federal Reserve Chair Jerome Powell

Trump suggests without evidence that Fed Chair Powell caused the Dow to drop

Trump accused Powell of tanking stocks on Tuesday, but his claims weren't supported by movements in the bond market.

Hedge fund billionaire Ken Griffin calls markets ‘utterly and completely unprepared’ for jump in inflation

Griffin also called the coronavirus outbreak "the most concrete short-run risk we see in the financial markets globally."

The gold standard, near-zero interest rates, less central bank independence: Trump’s latest Fed pick backs unusual economic policies

The nominee for the Fed Board of Governors has long advocated for highly unconventional economic theories and policies.