County Jerome Financial News

08.02 / 14:09

markets FIVE Williams security Discover President Justice These presidents found out how trying to control the Fed chair can backfire

Subscribe to enjoy similar stories. President Trump chose a Federal Reserve chair, Kevin Warsh, he thinks he can count on to lower interest rates. History suggests three different ways presidents have come to regret that bet.

05.02 / 01:29

markets Target FIVE economy Remark President Interviews Fed’s Cook focused on inflation risks as greater threat to economy

Subscribe to enjoy similar stories. Federal Reserve governor Lisa Cook sees a greater threat to the economy from elevated inflation than from a weakening labor market, a stance that suggests she could be skeptical of supporting a return to rate cuts.

03.02 / 12:27

COST UPS Provident ETF Trade Experts Mint Explainer: What’s causing gold prices to fall, and what should you do now?

Subscribe to enjoy similar stories. After a blistering rally over the past year, gold prices are starting to see sharp corrections. Since touching its all-time high on 28 January, gold has fallen 12.2% to $4,923.88 per troy ounce (as of 1.18 pm IST on 3 February).

31.01 / 10:33

markets Trade President track blues Retail gold, silver bulls to face Sunday blues

Subscribe to enjoy similar stories. Retail investors who piled into the blistering bullion rally were left nursing steep losses after MCX silver and gold futures crashed an unprecedented 27% and 12%, respectively, on Friday. The full impact on bullish positions is likely to become clearer when markets reopen on Sunday.

30.01 / 08:03

markets UPS economy wellness pandemic Why worries about American job losses are overstated

Subscribe to enjoy similar stories. Everyone is gloomy about America’s jobs market. Investors talk of a “K-shaped" economy, in which growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish.

30.01 / 08:03

markets Target economy wellness Trade reports rights Powell exudes confidence about the economy. The Fed can wait to cut rates.

Subscribe to enjoy similar stories. As Jerome Powell’s term winds down as chair of the Federal Reserve, America’s central banker believes he is leaving the economy on “a firm footing." That suggests a lengthy pause in interest-rate cuts. As Powell explained at a press conference Wednesday, which followed the Jan.

29.01 / 09:23

security wellness President Justice show Department Investigations Why Powell won’t say if he is staying on the Fed board

Subscribe to enjoy similar stories. For the fourth time since summer, Federal Reserve Chair Jerome Powell declined Wednesday to say whether he will remain on the central bank’s board after his chairmanship ends May 15. “Again, I don’t want to get into this," Powell said at a news conference after the Fed’s latest meeting.

29.01 / 01:37

markets FIVE economy President Justice Department Investigations Fed holds rates steady for first time since July

Subscribe to enjoy similar stories. WASHINGTON—The Federal Reserve entered a new holding pattern on interest rates Wednesday and offered little clarity on when cuts might resume after contentious reductions at officials’ three previous meetings. The decision to hold the benchmark federal-funds rate steady in a range between 3.5% and 3.75% was approved on a 10-2 vote.

27.01 / 11:43

markets COST Target Progressive trends President Justice Fed set to pause rate cuts, with no clear path to resuming

Subscribe to enjoy similar stories. Federal Reserve officials this week are expected to stop cutting interest rates for the first time since September, holding steady after three consecutive reductions. The harder question is what it would take to start again.

27.01 / 01:49

markets Target Gap economy President show Mint Quick Edit | The US Fed’s rate call this week: White House whim is unlikely to play a role

Subscribe to enjoy similar stories. US President Donald Trump’s open attempts at glaring the Federal Reserve down into rate cuts notwithstanding, it looks unlikely that America’s central bank will oblige as its two-day monetary policy review begins on Tuesday. Inflation is still above the Fed’s 2% target and could rise more as the economy gains momentum on the back of past cuts.

26.01 / 11:33

markets President Universities Justice Schools Equality Investigations Fed independence is coming under attack. What it means for markets.

Subscribe to enjoy similar stories. President Donald Trump’s pressure campaign on the Federal Reserve, and on Fed Chair Jerome Powell in particular, will likely lead to higher inflation. That’s the implication of a new study into the impact of presidential pressure on the Fed.

26.01 / 09:49

MET security wellness President Inside International How Trump’s ally at the Fed is remaking bank oversight

Subscribe to enjoy similar stories. In September, President Trump’s pick to oversee banking supervision at the Federal Reserve met with the top officials from the central bank’s 12 regional districts and delivered a rebuke. The staff of the Fed’s quasi-independent regional banks are the ones who conduct most of its banking exams, ensuring the nation’s financial institutions are stable.

25.01 / 14:05

markets Citi Target Trade President Videos Headlines Powell’s term as Fed chief ends soon. His words carry more weight than ever.

Subscribe to enjoy similar stories. The Federal Reserve will almost certainly leave interest rates unchanged at its policy meeting this coming week, keeping its benchmark policy rate at 3.5% to 3.75%. Markets know it.

22.01 / 01:45

markets UPS FIVE Trade President Five reasons why gold is surging toward $5,000 an ounce

Subscribe to enjoy similar stories. Investors have plenty to worry about lately. Whether it is lower bond yields, expensive stocks or President Trump’s tariffs, their response has been the same: buy gold.

18.01 / 04:51

markets UPS economy President War country International Fed turmoil is threatening dollar supremacy just as China pushes the Yuan

Subscribe to enjoy similar stories. SINGAPORE—One potential beneficiary of the tug of war over the Federal Reserve’s independence: China. The criminal investigation into Fed Chair Jerome Powell is being viewed globally as an effort by the Trump administration to wrest control of monetary policy from the central bank.

17.01 / 13:07

markets COST Provident Target Election President How the attacks on the Fed could backfire

Subscribe to enjoy similar stories. The Trump administration’s efforts to bludgeon the Federal Reserve into lowering its policy interest rates appear unlikely to have their desired effect. Indeed, they conceivably could backfire and forestall the rate cuts that the central bank officials and the markets anticipate for this year.

16.01 / 06:41

COST UPS Justice consequences Department Videos Michael Bloomberg: The White House attack on Fed independence is a dangerous instance of overreach

Subscribe to enjoy similar stories. The White House’s latest escalation of pressure on the Federal Reserve is a new and dangerous overreach. For the country’s sake—and, by the way, to avoid the collapse in popular support that would likely follow a severe financial-market backlash—the administration needs to think again.

15.01 / 05:05

COST Parke Discover Justice Department Investigations Scandals Powell probe: The politics of marble could weigh heavily on the Federal Reserve as an institution

Subscribe to enjoy similar stories. Washington has discovered a new scandal and it involves neither classified documents nor foreign donors. It involves marble.

15.01 / 01:45

markets COST UPS pandemic President country politician It’s not just the Fed. Politics looms over central banks everywhere

Subscribe to enjoy similar stories. THE IDEA that central banks should enjoy some independence is as old as central banking. “I want [it] to be sufficiently in the hands of the government, but not too much," mused Napoleon Bonaparte in 1806 of the recently created Bank of France.

14.01 / 10:51

markets COST Target economy Election President Trump touts affordability push in Detroit speech. Why Wall Street should worry.

Subscribe to enjoy similar stories. The White House is having its “break-the-glass" moment on affordability ahead of the November midterm elections. It has Wall Street in its sights.

14.01 / 02:03

markets Action Election President Justice consequences Department Powell-Trump clash: Central bank independence matters for economic growth and financial stability

Subscribe to enjoy similar stories. The latest spat between US Federal Reserve chair Jerome Powell and US President Donald Trump strikes at the very heart of what central banks hold dear as the key to not just long-term financial stability, but also economic growth: central bank independence. Calling the Department of Justice probe into the testimony he gave last year to a Senate panel on renovations of Fed buildings “unprecedented," Powell said he believed the action was a direct consequence of the president’s anger over the Fed’s refusal to reduce interest rates despite White House pressure.

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