Why Fed Chair Powell Is More Important Than Whomever Will Become the Next President
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CNBC - Business
Biden claims he's 'never once spoken' to Powell as president, but they met in Oval Office in 2022
President Joe Biden was criticizing Republican nominee Donald Trump for threating the Federal Reserve's independence.1 hour ago - Joe Biden -
MarketWatch - Business
Fed is more worried about labor market than Powell let on, William Dudley says
Federal Reserve Chair Jerome Powell did a “great job” of explaining the reasons for an aggressive interest-rate cut in a “non-scary way,” former New York Fed President William Dudley said Thursday.3 hours ago - Federal Reserve -
CBS News - Top stories
Why you should open a HELOC as the Fed cuts rates
Multiple cuts to the federal funds rate should spark home equity borrowers to turn to a HELOC. Here's why.4 hours ago - Federal Reserve -
CNBC - Business
The Fed has set out on a 'recalibration' of policy. Here's what Powell's new buzzword means
Asset prices soared as investors took Powell at his word that the outsized rate cut wasn't in response to a substantial economic weakening.4 hours ago - Federal Reserve -
CNBC - Business
U.S. crude oil rises more than 1% after Fed cuts rates, Israel-Hezbollah tensions escalate
The U.S. benchmark has recouped its losses for the year.5 hours ago - Federal Reserve -
CNBC - Business
High home prices aren't 'something the Fed can really fix,' says Federal Reserve chair Jerome Powell
Fed chair Jerome Powell says that high housing prices are a supply problem that the Central Bank can't fix.5 hours ago - Federal Reserve -
GameSpot - Tech
Xbox Ambassador Is Closing After 13 Years -- Here's Why And What Happens Next
Microsoft has announced that it is closing the Xbox Ambassadors program after 13 years of operation. In a statement , Microsoft thanked fans for supporting the program for the past decade-plus, ...5 hours ago -
ESPN - Sports
Standalone NFL games driving more betting than ever
NFL games in national windows are changing the betting market, forcing sportsbooks to quickly adapt.6 hours ago - NFL -
NBC News - Top stories
Why did Israel blow up hundreds of Hezbollah pagers? What we know about the covert operation
A region fearing all-out war may have been taken to the brink by a legion of pagers and walkie-talkies.6 hours ago - Israel -
MarketWatch - Business
After Fed rate cut, the next 6 months will be crucial for investors. Here’s why.
“There still are opportunities here,” Erik Aarts at Touchstone Investments said.6 hours ago - Federal Reserve -
Inc. - Business
Why Fed Chair Powell Is More Important Than Whomever Will Become the Next President
The one in Washington to watch this fall is not Kamala Harris or Donald Trump.7 hours ago - Federal Reserve -
CBS Sports - Sports
Cowboys' Brandon Aubrey's range is 'near unlimited'; All-Pro explains why NFL kickers are better than ever
Aubrey's 13 made field goals from 50 yards or deeper are an NFL record to start a career9 hours ago - NFL -
The New York Times - World
Walkie-Talkies in Lebanon May Have Held More Explosives Than Pagers
The blasts on Wednesday involved bigger, heavier devices that set off more large fires.16 hours ago -
Financial Times - World
For the Fed, the destination matters much more than the pace
Investors have no choice but to guess at the neutral rate18 hours ago -
The Guardian - World
The great divide: are office workers more productive than those at home?
Amazon has told staff they must return five days a week – but experts don’t all agree that flexible working cuts output. Four years ago when the world of work was upended by the Covid pandemic, ...19 hours ago -
Financial Times - World
Why the Fed opted for the big rate cut
As US inflation eases, the central bank is now focused on its other mission: protecting jobs20 hours ago - Federal Reserve -
CBS News - Top stories
Why the Fed cut interest rates for the first time in 4 years
The Federal Reserve cut interest rates by half a percentage point Wednesday after introducing several rate hikes throughout the pandemic. Martin Baccardax, chief markets correspondent for ...Yesterday - Federal Reserve -
The Hill - Politics
Microsoft president says election has become 'Iran vs. Trump,' and 'Russia vs. Harris'
Microsoft Vice Chair and President Brad Smith said Wednesday that there are "real and serious" threats of foreign actors attempting to wield influence on the 2024 election as November quickly ...Yesterday - Microsoft -
The Hill - Politics
Powell pushes back on suggestion Fed got behind in rate cuts
The Federal Reserve cut interest rates by a half-percentage point Wednesday and is projecting another half-percentage point cut over the course of its remaining two meetings this year, signaling a ...Yesterday - Federal Reserve -
The Hill - Politics
Michelle Bowman becomes first Fed governor to dissent since 2005
Michelle Bowman, a governor on the Federal Reserve Board, became the first Fed official since 2005 to vote against the central bank’s interest rate decision when she dissented Wednesday against the ...Yesterday - Federal Reserve -
The Guardian - World
Fed chair Jerome Powell says US interest rate cut has nothing to do with election – business live
Powell rejects accusations that timing of rate cut is political and adds US labor market is ‘at a strong place’. What does a Federal Reserve interest rate cut mean for you? Despite fears of a ...Yesterday - Federal Reserve -
The Guardian - World
Sue Gray’s £170,000 pay prompts fury among Labour advisers
Revelation Keir Starmer’s chief of staff is paid more than PM adding to anger over salary cuts, sources say. Sue Gray has been given a salary of £170,000 as Keir Starmer’s chief of staff – more ...Yesterday -
The Hill - Politics
Watch live: Fed Chair Jerome Powell speaks on interest rates, economy
Federal Reserve Chair Jerome Powell is expected to announce the first interest rate cuts by the central bank in more than a year on Wednesday afternoon. The Federal Open Market Committee (FOMC) has ...Yesterday - Federal Reserve -
BBC News - Top stories
Keir Starmer's top aide Sue Gray paid more than the PM
A row breaks out within government after the prime minister's chief of staff is given a pay rise.Yesterday -
CBS Sports - Sports
Adrian Wojnarowski leaves NBA reporting to become general manager at St. Bonaventure: Why colleges hire GMs
'Woj' is entering the new realm of college basketball programs hiring general managersYesterday - NBA -
The Hill - Politics
More than 100 GOP national security figures endorse Harris
More than 100 Republican former national security figures, as well as members of Congress, endorsed Vice President Kamala Harris on Wednesday, citing former President Trump’s “demonstrated chaotic ...Yesterday -
BBC News - Top stories
Man in court after more than £300k seized in car chase
The court heard the car reached a top speed of 109mph before three police vehicles boxed it in near the border.Yesterday -
The New York Times - Business
Why Uncertainty Still Hangs Over the Fed’s Rate Decision
Investors, economists and politicians are at odds over whether the central bank should cut interest rates by a quarter-point, or more.Yesterday -
CNBC - Business
U.S. crude oil rises more than 1%, closes above $71 per barrel amid Fed rate cut optimism
The oil market is also bracing for the Fed's decision Wednesday on interest rates.2 days ago - Federal Reserve -
NBC News - Top stories
Exploding pagers belonging to Hezbollah kill 8 and injure more than 2,700 in Lebanon
Exploding pagers killed at least eight people and injured more than 2,700 in Lebanon, the country's Health Ministry said Tuesday.2 days ago -
Financial Times - World
Market speculation about the next Fed rate cut masks deeper issues
Even so, perma-critics of the US central bank are cracking their knuckles in anticipation2 days ago - Federal Reserve -
BBC News - Top stories
More than 140 Post Office convictions could be quashed in Scotland
Sub-postmasters across the UK were wrongly accused of crimes such as theft or fraud on the basis of a faulty IT system.2 days ago -
CNBC - Business
Former Dallas Fed President Kaplan advocates for a half-point interest rate cut
Making the bolder move of 50 basis points would better position policymakers heading into the latter part of the year, Kaplan told CNBC.2 days ago - Federal Reserve -
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The Guardian - World
There’s a danger that the US supreme court, not voters, picks the next president | David Daley
Millions of Americans will vote this fall – but six Republican justices might have the final say, in a Bush v Gore redux. It’s frighteningly easy to imagine. Kamala Harris wins Georgia. The state ...2 days ago -
Financial Times - Business
Treasury ‘saying no to everything’ will hit growth, warns Burnham
Manchester mayor says powerful finance ministry has to fundamentally change way it thinks2 days ago -
BBC News - Top stories
Floods and mudslides kill more than 200 in Myanmar
The storm has killed more than 500 people in northern Vietnam, Laos, Thailand and Myanmar.2 days ago -
ABC News - Entertainment
Emmy Awards ratings up more than 50%, reversing record lows
The Emmys telecast on ABC reached nearly 7 million viewers, a jump of more than 50% from the record low of the last ceremony in January2 days ago -
The New York Times - Top stories
There Might Be More Than One Way to Make a Planet
Astronomers have found evidence of a process that supports an alternative, more rapid approach to planetary formation, more top down than bottom up.2 days ago