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Fed cuts interest rates as Powell says he will not resign as chair
US central bank lowers target range by a quarter point to 4.5%-4.75%World - Financial Times - 5 hours ago -
Powell says he won't resign for Trump, can't be fired
Federal Reserve Chair Jerome Powell had a clear, direct response when asked during a press conference Thursday if he would step down if asked to do so by President-elect Trump. “No,” said Powell, ...Politics - The Hill - 7 hours ago -
Watch live: Fed Chair Jerome Powell speaks after interest rate cuts
Federal Reserve Chair Jerome Powell will remarks Thursday afternoon as the independent central bank prepares to cut interest rates for a second time. The decision comes after the administration ...Politics - The Hill - 9 hours ago -
Powell says he would not resign as Fed chief if Trump asked for his resignation
When asked whether he would resign if asked by Trump, the Fed chair simply said: "No."Business - CNBC - 7 hours ago -
Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.Top stories - CBS News - 7 hours ago -
Fed Chair Powell says he won't resign if Trump asks him to step down
Fed Chair Jerome Powell responded with a one-word answer when asked if he'd step down if asked by President-elect Donald Trump.Politics - CBS News - 7 hours ago -
Powell dismisses Trump firing talk
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Powell says he wouldn’t step down if Trump asked Federal Reserve Chair Jerome ...Politics - The Hill - 5 hours ago -
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”Business - The New York Times - October 15 -
U.S. unemployment rate to stay low in 2025, top forecaster says
U.S. economic growth should moderate in 2025 but remain relatively strong, and the unemployment rate will look a little better, Harvard economist Karen Dynan said Tuesday.Business - MarketWatch - October 15 -
Top Trump economic adviser says big Fed rate cut was justified
Kevin Hassett is contender to replace Jay Powell as US central bank chair if Republican wins electionBusiness - Financial Times - October 18 -
Back-to-back rate cuts no indication of future ECB policy, governor says
Slovenian central bank chief Boštjan Vasle argues central bank needs flexibility to respond to signs of persistent inflationWorld - Financial Times - October 20 -
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Morgan Stanley CEO says the era of zero interest rates and inflation 'is over'
Several of Wall Street's chief executives don't see more than one more interest rate cut by the Fed this year, citing expectations of continued inflation.Business - CNBC - October 29 -
Morgan Stanley CEO says the era of zero interest rates and inflation 'is over'
RIYADH — The days of easy money and zero interest rates are firmly in the past, Morgan Stanley CEO Ted Pick said Tuesday, speaking at a panel of finance CEOs in Riyadh.Top stories - NBC News - October 29 -
7% mortgage rates are a warning about who will win the election, economist says
Mark Zandi of Moody’s Analytics says rising mortgage rates offer clues about how investors are considering the postelection future of the U.S. economyBusiness - MarketWatch - October 30 -
Interest rates cut but Bank hints fewer falls to come
Interest rates were cut to 4.75% but the Bank expects inflation to creep higher after last week's Budget.Top stories - BBC News - 10 hours ago -
Will you have a lower tax rate in retirement? Maybe not, financial advisors say
Most people will have a lower tax rate when they retire, but others won't due to factors like large required 401(k) and IRA withdrawals, advisors said.Business - CNBC - 8 hours ago -
DoubleLine's Gundlach says expect higher rates if Republicans also win the House
DoubleLine's Jeffrey Gundlach said interest rates could shoot higher if Republicans end up controlling the House and securing a governing trifecta.Business - CNBC - 6 hours ago -
What does the Fed's interest rate cut say about the state of the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly ...Top stories - CBS News - 4 hours ago -
Trump is not expected to try to fire Fed Chair Powell
Federal Reserve watchers don’t think that President-elect Donald Trump will seek to remove Fed Chair Jerome Powell from his post before the central bank chief’s term ends in mid-2026.Business - MarketWatch - 11 hours ago -
Jerome Powell Dismisses Idea of Trump Firing Him
Jerome H. Powell, the chairman of the central bank, has been a frequent target of the president-elect, who appointed him in 2018.Top stories - The New York Times - 6 hours ago -
Junk-rated companies face record refinancing needs above $2 trillion through 2029, Moody’s says
Barring an economic slowdown, market conditions are still favorable, with interest rates expected to continue to come down and investors expected to be receptive to credit marketsBusiness - MarketWatch - October 14 -
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...Business - MarketWatch - October 14 -
Trump says he wants to ‘put in comments’ on rate decisions, but not give orders to Fed
Republican presidential nominee Donald Trump on Tuesday offered a fresh defense of his view that he should get to influence the Federal Reserve if elected, as he responded to questions during an ...Business - MarketWatch - October 15 -
Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says
Kevin Hassett, who was Chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019, agreed with Trump’s view that the Federal Reserve has acted politically in recent ...Business - MarketWatch - October 19 -
Women in states with bans are getting abortions at similar rates as under Roe, report says
A new report finds that women living in states with abortion bans obtained the procedure in the second half of 2023 at about the same rate as before the U.S. Supreme Court overturned Roe v. WadeHealth - ABC News - October 22 -
Trump tariffs likely to lead to higher U.S. interest rates, head of Institute of International Finance says
"The assumption is you'll have higher inflation, higher interest rates than you would have in the absence of those tariffs," said IIF CEO Tim Adams.Business - CNBC - October 23 -
Three ways to play the bond market as the Fed lowers interest rates, this analyst says
Falling interest rates will steepen the yield curve and make these credit ETFs attractiveBusiness - MarketWatch - October 25 -
Japan's central bank to remain undeterred on rate hikes despite LDP's electoral shock, analysts say
Roughly 86% of economists polled by Reuters expect the central bank to leave its rates unchanged when it announces its decision Thursday.Business - CNBC - October 28 -
Larry Fink says the Fed won't cut interest rates as much as markets expect this year
"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.Business - CNBC - October 29 -
Jane Street interns make more than Keir Starmer and Jay Powell
More Money Than God 2.0Business - Financial Times - October 15 -
Why Powell and Yellen May Have Pulled Off the Impossible With the Economy
Nobody thought they could tame inflation without a recession, but the Fed chair and Treasury secretary seem to have managed a macroeconomic marvel.Business - Inc. - October 17 -
National Latino group endorses Florida's Debbie Mucarsel-Powell for Senate
Democratic Florida Senate nominee Debbie Mucarsel-Powell has been endorsed by the country’s oldest Latino civil rights organization, a group that until 2024 had refused to endorse candidates. ...Politics - The Hill - October 24 -
Jeff Bezos, Jay Powell, Serena Williams and More Will Speak at the DealBook Summit
The conference on Dec. 4 will bring together the biggest names in business, politics and culture.Business - The New York Times - October 29 -
Harris and Trump command the market’s attention — but Jerome Powell may steal the spotlight
Investors are anxious about the possibility that it could take days, or even weeks, for the results of this week’s presidential and congressional races to be known. But Tuesday’s vote is hardly the ...Business - MarketWatch - 4 days ago -
What Trump’s Win Means for the Federal Reserve and Jerome Powell
Donald J. Trump spent his first presidency on a collision course with America’s central bank. Will it intensify?Business - The New York Times - 10 hours ago -
Powell: Fed won't 'speculate' about Trump's impact on economy
The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...Politics - The Hill - 9 hours ago
