Paul Volcker News

03.05 / 10:45

markets UPS Gap Election President 2020 Updates Will Kevin Warsh ignore the employment part of the US Federal Reserve’s mandate?

Subscribe to enjoy similar stories.At his confirmation hearing last week, Kevin Warsh [US President Donald Trump’s nominee for Federal Reserve Chair] dodged questions about interest rates, tariffs and the 2020 election. As his nomination to be chair of the Federal Reserve heads toward confirmation after clearing the Senate Banking Committee Wednesday, it’s worth focusing on an equally troubling gap in his public record: his near silence on anything related to employment.Warsh gave a perfunctory nod to the Federal Reserve’s dual mandate—price stability and maximum employment—in last week’s testimony, but while he extensively discussed the former, he essentially ignored the latter.

15.02 / 10:15

markets Provident Action President voice recommendations mountaineering Barry Eichengreen: If Kevin Warsh takes charge of the US Federal Reserve, can it preserve its independence?

Subscribe to enjoy similar stories. Now that US President Donald Trump has chosen Kevin Warsh as his appointee to succeed Jerome Powell as Federal Reserve chair, it is time to take Warsh’s ideas seriously, if not literally. Much of the discussion about Warsh has focused on his interest-rate recommendations, which have swung with the political wind.

17.12 / 10:13

markets UPS FIVE President Updates politician The US Fed can't reduce long-term bond yields and the use of force will cause more problems than it solves

There’s no such thing as a sure thing in financial markets, but some things come pretty close. One of them is the proposition that there will be more interest-rate cuts next year—and another is that these reductions will have little to no effect on long-term rates.First, the cuts. US Federal Reserve Chair Jay Powell may have presided over his last announcement of a decrease, but odds are his successor will cut rates further next year.

17.09 / 03:55

markets economy Fallout trends Trade War show Gold Prices How high can gold prices zoom if a full-fledged war breaks out

Subscribe to enjoy similar stories. The war in Gaza that started on 7 October 2023 is nearly a year old and shows no signs of ending anytime soon. That the war broke out is not a surprise to veteran market watchers, its continuation is.

09.02 / 19:16

markets UPS Target economy President love reports Inflation is nearly back to 2%. So why isn't the Federal Reserve ready to cut rates?

From Wall Street traders to car dealers to home buyers, Americans are eager for the Federal Reserve to start cutting interest rates and lightening the heavy burden on borrowers

06.10 / 03:55

COST Lowe's Compilation BURST 2020 Long bonds’ historic 46% meltdown rivals burst of dot-com bubble

Treasuries are beginning to rival some of the most notorious market meltdowns in US history. Bonds maturing in 10 years or more have slumped 46% since peaking in March 2020, according to data compiled by Bloomberg. That’s just shy of the 49% plunge in US stocks in the aftermath of the dot-com bust at the turn of the century.

26.09 / 04:43

COST UPS Manufacturing economy pandemic show 2020 Why the US job market has defied rising interest rates and expectations of high unemployment

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

25.09 / 14:35

COST UPS Manufacturing economy pandemic show 2020 Why the US job market has defied rising interest rates and expectations of high unemployment

Last year’s spike in inflation, to the highest level in four decades, was painful enough for American households

22.09 / 18:09

COST Lowe's Manufacturing Gap Fighting economy show Are We in for a Repeat of the 70s Inflation Nightmare?

The hit TV series “That 70s Show” aired from 1998 to 2006 and focused on six teenage friends living in Wisconsin in the late 70s. The irony was that the actors playing the teenagers were not born in the late 70s and had never experienced life during that period. Many alive today cannot fathom a lifestyle devoid of the internet, cable television, mobile phones, and social media. Oh…the horrors.

03.07 / 16:57

UPS NASDAQ DOW Manufacturing MSCI Nikkei Stocks make little progress with Treasury yields choppy in holiday-shortened session

By Sinéad Carew

10.03 / 00:01

markets SEC Federal Reserve bonds Bitcoin Bitcoin Price regulatory Bitcoin price drops to $20.8K as regulatory and macroeconomic pressure mounts

Bitcoin (BTC) traders saw continued downward pressure after the 5.5% decline in BTC price on March 7. Increased odds of further interest rate increases by the Federal Reserve and regulatory pressure in cryptocurrencies explain some of the movement.

19.12 / 03:29

business Interest rates Reserve The Federal Reserve's pursuit of a 'reverse wealth effect' is undermining crypto

The Federal Reserve’s strategy to hike interest rates may continue, making it difficult for the crypto industry to bounce back. For crypto assets to become the hedge against inflation, the industry needs to explore ways to decouple crypto from traditional markets. Decentralized finance (DeFi) can perhaps offer a way out by breaking away from legacy financial models.

19.09 / 17:55

Fighting Remark Jerome Powell’s Inflation Whisperer: Paul Volcker

The Federal Reserve’s annual August retreat in Jackson Hole, Wyo., was imminent, and markets were rallying on expectations the central bank might slow its pace of interest rate increases.

03.08 / 04:21

Fighting Fed's James Bullard expresses confidence that the economy can achieve a 'soft landing'

St. Louis Federal Reserve President James Bullard said Tuesday that he still thinks the economy can avoid a recession, even though he expects the central bank will need to keep hiking rates to control inflation.

13.05 / 14:43

Extreme Action Strategy Derby’s Take: Fed Governor Explains Why Volcker Strategy Isn’t Needed Now

As aggressive as the path for U.S. monetary policy tightening appears right now, one Federal Reserve governor doesn’t believe the central bank faces a world as ugly as when it last confronted inflation this high.

10.05 / 21:47

Target Fighting Remark mistakes Fed's Waller promises to tackle inflation, says mistakes of the '70s won't be repeated

Federal Reserve Governor Christopher Waller pledged Tuesday that the rate-setting group wouldn't make the same mistakes on inflation that it did in the 1970s.

02.05 / 16:21

Fighting Reserve The Federal Reserve's fight with inflation could cool the hot labor market, risking stagflation

The Federal Reserve is hiking interest rates in an effort to defuse an explosive year of price inflation. But global forces could neutralize the effects of that tightening of monetary policy, and keep inflation high.

20.04 / 22:57

UPS Remark CME rate hikes Fed's Daly says the economy can handle rate hikes, but a mild recession is possible

San Francisco Federal Reserve President Mary Daly acknowledged Wednesday that a near-certain series of interest rate hikes over the coming months could tip the economy into a shallow recession, though she noted that isn't her expectation.

19.01 / 04:21

COST UPS Man vice chair Biden to nominate Sarah Bloom Raskin as vice chair for supervision at Fed; Lisa Cook and Philip Jefferson as governors

President Joe Biden will nominate Sarah Bloom Raskin to be the Federal Reserve's next vice chair for supervision, arguably the nation's most powerful banking regulator, according to people familiar with the matter.

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