36 Burst results for "Jerome Powell"

Federal Reserve Expects to Raise Interest Rates in 2023

WSJ What's News

00:21 sec | 3 d ago

Federal Reserve Expects to Raise Interest Rates in 2023

"The end of a two day policy meeting federal reserve chair. Jerome powell announced that the fed plans to raise interest rates by twenty twenty three. The projections follow a rapid economic recovery and increasing concerns about inflation. Which has been higher than expected. Stocks fell in the news. The dow closed down point eight percent the s. and p. Five hundred dropped half a percent and the nasdaq was down. Two tenths of a

Jerome Powell FED
Fresh update on "jerome powell" discussed on Moore Money

Moore Money

01:25 min | 16 hrs ago

Fresh update on "jerome powell" discussed on Moore Money

"Wow, what a difference a year makes. Last year, the Federal Reserve announced it was not even thinking about even thinking about raising interest rates. This week's meeting where Federal Reserve chairman Jerome Powell said We should call it the talk about talking about tapering this week, the Federal Reserve told us three things. First they have talked about talking about inflation and interest rates, but haven't set any formal date to actually begin talking about it. Second, they raised their headline inflation expectation the 3.4% up from 2.4 a significant increase, while assuring us that the current pressures are still transitory and third, they left their current policy in place, keeping interest rates at zero. And they will continue their monthly purchases of 120 month in bonds, in other words, no tapering until they see further progress on their twin economic goals. 2% inflation and maximum employment. So basically the Federal Reserve finally acknowledge what you and I have been seeing every day that inflation is running hotter than our officials anticipated. Markets reacted as you would expect. The dollar rose, gold and commodities fell. Bonds fell, then rose and the great rotation of growth, the value stocks reversed as value stocks pulled back from their recent highs. And growth. Basically, mega tech stocks rose from their recent lows to all a good news. Bad news message from the Fed there now signaling that rates will need to rise sooner and faster. But they also see faster growth this year, forecasting that GDP will be 7% up from their previous call of 6.5%. Now wrapping up the press conference, Chairman Powell reminded all of us that we are in an unusual times that have been tough to predict. Went on to say forecasters have a lot to be humble about, and we all know there's no more humbling place on the planet in the financial markets. Just look at the last year where we experienced a brief A deep bear market into a big, booming bull market. Just in a matter of weeks, a good reminder that if you want to succeed in this or in any environment, you need to employ a process driven strategy. Never, ever invest in anticipation of news or an event, especially the Federal Reserve. Now you're sitting there wondering, do I have a process driven strategy? It will help me navigate these volatile markets that will get me and my family to my goals. Well, why sit there and wonder when you can? No, my son Ryan, I have 70 years of combined industry experience building low cost. Tax efficient. All based, process driven portfolios. All you need to get your review is to text or call 8447526692. That's 8447526692. Or just simply call 844. Plan N Y. C. That's 844 P l A N N.

Ryan 3.4% 7% 6.5% 2% Last Year Jerome Powell 120 Month 8447526692 70 Years Federal Reserve 2.4 First This Week Second This Year 844 Zero
Treasury Secretary Yellen Hints at Rise in Rates

CNBC's Fast Money

01:00 min | Last month

Treasury Secretary Yellen Hints at Rise in Rates

"Did janet yellen just put the market on notice that higher rates are coming. It may be that interest rates will have to rise somewhat to make sure our economy doesn't overheat and just hours later the white house back that up. You mentioned this coming friday. She said in remarks published today that interest rates will have to rise somewhat to make sure that our economy doesn't overheat. This president vice president certainly agrees with his treasury secretary secretary later clarified her remarks. Saying it's not something. I'm predicting are recommending. If anyone appreciate the independence of the fed. I think that person is me but still her comments got us. Thinking could higher rates beyond the way either changing fed policy perhaps pressure from the white house or possibly a change at the top with fed chair. Jerome powell term ending in february

Janet Yellen White House Treasury FED Jerome Powell
Firms May Have To Disclose Climate-Related Risks In Financial Disclosures

Environment: NPR

02:00 min | Last month

Firms May Have To Disclose Climate-Related Risks In Financial Disclosures

"The Companies like to talk about going green and fighting climate change but they're not necessarily keen to admit if They have a factory in an area prone to flooding or if their supplier was just hit by a hurricane. Npr's h j my explains that if regulators get their way that will change when software. Company hewlett packard. Enterprise was looking around houston for its new headquarters. It took all the usual things into consideration the location. The cost and also this flood plains historical weather events how to the freeways functions. They go underwater. Do they not executive john. Fry says accounting for the impacts of climate is something to company has been doing for years like when deciding where to locate headquarters. Hp learned this the hard way fry. Says he was in houston. The city got hit by hurricane harvey and twenty seven flooding the company's it data centers when you have actual live event. You discover things that you didn't consider now. Regulators like the securities and exchange commission the federal reserve and other planning to force companies to incorporate those type of climate risks. That's because natural disasters are expected to increase in frequency and intensity his fed. Chairman jerome powell. The reason we're focused on climate change is that our job is to make sure that financial institutions banks particularly the largest ones understand enter able to manage the significant risks last month. The sec issued a list of fifteen broad questions asking investors and the public. What information companies should be required to disclose the deadline for responses is june. It's a slow and methodical approach. That's because figuring out how climate change impacts businesses is not always easy. Says paula the purna on adviser nonprofit. Cdp if a factory burns down you see the fire. But if dealing with climate change is is a very insidious invisible risk

Hurricane Harvey HP Houston NPR Chairman Jerome Powell Hurricane Securities And Exchange Commis FRY Federal Reserve John Paula
Fed Will Begin Reducing Bond Purchases Before Raising Interest Rates

C-SPAN Programming

02:24 min | 2 months ago

Fed Will Begin Reducing Bond Purchases Before Raising Interest Rates

"The chairman of the Federal Reserve Jerome Powell, today, suggesting that the Fed would follow the same playbook and develop back in 2013 and 2014 once it decides to reverse what it calls its asset purchase program, meaning tapering off those asset purchases would come quote well before any interest rate increase was part of a virtual conversation sponsored by the Economic Club of Washington. Here's some background since last summer, the Fed has been buying about $80 billion in Treasury bonds and about $40 billion In mortgage backed securities each month is a way to boost the economy and to keep the financial market conditions on an even keel. So for now, you can expect interest rates to remain low. He offered this assessment on the U. S. Economy post Cobain 19. E. I think the first thing to realize is that the structure of the economy is always changing. So the economy that we had back in college was one where low unemployment leads a high inflation and inflation state. Hi. It's very different now. And so we have to constantly update our thinking about the way the way the economy actually worked now bringing that to the present. We're coming back to a different economy. It's not going to be the same economy is the one we left and weigh. Don't know. Exact. What that will be, But we have some ideas and we're going to be finding out. I think you're beginning now. One of them is that they'll beam or, of course, they'll beam or remote working remotely. That's one thing another is we've talked to companies and been consulting firms who have pooped surveyed companies and many, many companies have spent the last year thinking about how they can use more effective technology, perhaps at the expense of of the number of people that need it. So do that. Do Their work with fewer people. And that's a lot of the service industry companies that have been traditionally big hirers of relatively low skilled low paid people. So that's a concern because we still have many millions of people from those jobs who were working in public facing service sector jobs. They don't have a lot of other skills or wealth. And so we need to be thinking about what they're going to do and how how they gonna find their way back to the lives and the working lives that they had, and it'll be different. Other ways as well way we'll be learning about that. And we always try to try not to settle on one model of the economy and think that we really understand this because it's ever

FED Jerome Powell Economic Club Of Washington U.
Jerome Powell Says US Economy Poised for Stronger Growth

Bloomberg Daybreak

00:23 sec | 2 months ago

Jerome Powell Says US Economy Poised for Stronger Growth

"And hiring ahead thanks to rising vaccinations and powerful policy support. Well, I would say that this growth that were expecting in the second half of this year is going to be very strong. How also warns covert 19 remains a threat to growth. He made the comments on 60 minutes heard Sundays at 10 P.m. on Bloomberg 99 1 in Washington. Stay tuned for more from the Fed coming up today when we speak with Jim Bowler the ST Louis

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Fed Chair Powell Says US Economy Poised for Stronger Growth

Stephanie Miller

00:27 sec | 2 months ago

Fed Chair Powell Says US Economy Poised for Stronger Growth

"Reserve chairman Jerome Powell told 60 minutes the nation's on the verge of a major economic change. What we're seeing now is really an economy that seems to be in an inflection point, and that's because of widespread vaccination and strong fiscal support Strong monetary policy support. We feel like we're at a place where the economy is about to start growing much more quickly. But Powell said the nation has not completely turned the corner and the pandemic is still a major risk to the economic recovery. Some

Jerome Powell Powell
Derek Chauvin Unlikely to Testify in George Floyd Trial

KOA Programming

00:30 sec | 2 months ago

Derek Chauvin Unlikely to Testify in George Floyd Trial

"Will testify. I think it would be so dangerous to put him on the stand. What is he going to say on cross examination when he's asked? Why didn't you get up? When you saw that George Floyd was not breathing? He was not moving. He didn't even have a pulse, so I would never put him on the stand under these circumstances. U S economy poised for an extended period of strong growth and hiring was the chair of the Federal Reserve. Jerome Powell in a 60 Minutes interview tonight. Downplaying the risk of inflation to more more people to

George Floyd Jerome Powell Federal Reserve
How the COVID-19 Pandemic Will Impact the Future Of Work

Morning Edition

00:37 sec | 2 months ago

How the COVID-19 Pandemic Will Impact the Future Of Work

"Of the Federal Reserve says the U. S economy is headed for a strong recovery post pandemic, but Jerome Powell warns people won't find the same labor conditions as businesses embrace new ways for employees to work. They've spent a lot of time since the pandemic arrived, looking at ways to have more effective technology and perhaps fewer people. So you're going to see some of that in these public facing job so There will be millions of people who have a hard time finding their way back into the workforce and recovering the lives that they had just a year ago. PAL spoke yesterday to the International Monetary Fund and World Bank.

Jerome Powell Federal Reserve U. International Monetary Fund An
Fed's Powell: US nears full reopening to 'different economy'

WSJ What's News

00:34 sec | 2 months ago

Fed's Powell: US nears full reopening to 'different economy'

"Federal reserve chairman. Jerome powell pointed to a strong march jobs report as a sign of continued economic recovery. But he says the fed is still waiting to see a significant improvement in the economy before easing supportive measures and we got a taste of what faster progress will look like with the march plummer report close to a million jobs particularly if you add in the revisions for january and february and we want to see a string of months like that so we can really begin to show progress toward our goals. Powell spoke today at a seminar on the global economy hosted by the international monetary fund. He also expressed the importance of vaccines for the us and global recovery.

Jerome Powell Federal Reserve Plummer Powell International Monetary Fund United States
Fed's Powell: US Nears Full Reopening to 'Different Economy'

AP News Radio

00:48 sec | 2 months ago

Fed's Powell: US Nears Full Reopening to 'Different Economy'

"Federal reserve chair Jerome Powell says the U. S. economy is heading for a strong recovery but not for everybody we're not going back to the same economy this will be a different economy Powell says some industries will likely be smaller than before the pandemic in other cases employers have spent the pandemic finding ways to use technology instead of workers wherever they can there will be millions of people who have a hard time finding their way back into the work force and recovering the lives that they had just a year ago in remarks to the International Monetary Fund and the World Bank Powell said the piece of virus vaccinations am signs of rapid hiring or putting the US on track to allow for a full re opening of the economy fairly soon Sager macaroni Washington

Jerome Powell Federal Reserve Powell U. International Monetary Fund World Bank Sager Macaroni United States Washington
Tesla Will Accept Bitcoin as Payment, Elon Musk says

5 Things

01:11 min | 3 months ago

Tesla Will Accept Bitcoin as Payment, Elon Musk says

"Can now buy a tesla with bitcoin. ceo elon. Musk said in a series of tweets on wednesday that his electric car company will begin accepting the crypto currency as a form of payment money and tech editor brett. Molina has more. He says any bitcoin that is used to purchase. A tesla will be retained as bitcoin and it will be converted to fiat currency which is basically a fancy way of saying that it won't be converted into money that is government issued must also said the option of pay by. Bitcoin will be available this year for consumers who are living outside the us Tesla talked about accepting. Bitcoin is a form of payment in a filing last month with the securities exchange commission. So it's a big deal. It gives bitcoin more legitimacy as it grows into this new form of crypto currency. There are still some concerns though with the adoption of bitcoin although more companies are starting to use it a federal reserve chair. Jerome powell recently warned that the us public needs to understand better. The risks center involved with using crypto currencies. And he compares it more gold. It's not necessarily something that equates to a dollar but it's more like an asset like gold

Tesla Ceo Elon Bitcoin Musk Securities Exchange Commission Molina Brett Jerome Powell United States
Yellen, Powell say more needed to limit US economic damage

AP News Radio

00:48 sec | 3 months ago

Yellen, Powell say more needed to limit US economic damage

"Treasury secretary Janet Yellen and federal reserve chair Jerome Powell told the house committee more must be done to limit the economic damage from the corona virus pandemic Powell says the economy is improving the worst was aborted by swift and vigorous action but he added it's important to continue government economic support Republicans are worried about possible tax hikes on the wealthy and corporations Georgia Republican Barry Loudermilk says economists are predicting economic growth economists also believe the packages six and a half times larger than it needs to be Yellin says the country has lost nine point five million jobs will have a huge problem of joblessness I'm in order Yellen also talked about the prospect of returning the country to full employment next year at Donahue Washington

Janet Yellen Jerome Powell House Committee Barry Loudermilk Federal Reserve Treasury Powell Yellin Georgia Yellen Washington
Fed's Powell Says Recovery Is Far From Complete

Rush Limbaugh

00:20 sec | 3 months ago

Fed's Powell Says Recovery Is Far From Complete

"Are speaking throughout the day, including fed presidents of Dallas, Saint Louis, Atlanta and New York. Sandwiched in the middle of testimony from Fed chair Jerome Powell and Treasury Secretary Janet Yellen prepared remarks reiterated Powell's earlier statements about a recovery that is far from complete and a continuing accommodative stance by the Federal Reserve on monetary policy. Blame the harsh

Jerome Powell Janet Yellen Saint Louis Dallas Atlanta FED Treasury New York Powell Federal Reserve On Monetary Po
Fed's Powell Says Public Should Understand Risks of Bitcoin

America's First News

02:48 min | 3 months ago

Fed's Powell Says Public Should Understand Risks of Bitcoin

"Fed Reserve chair Jerome Powell said on Monday that the US public needs to understand the risks behind Bitcoin and other crypto currencies even as the central bank itself studies the potential costs and benefits of a digital dollar of Powell said the Fed is conducting research through an in house technology lab and collaborating with M I T to study if the public wants or needs a digital currency, but the risk to individuals That is significant, according to pal. Or work on CBD sees is not primarily motivated, Aided by the appearance on the scene of crypto currencies and stable coins, it really is fundamentally technology has made it possible for us to offer a new form of trusted money and that sovereign anchor that has been so important for economic development for a very long time. And we're looking carefully at whether to do that. So turning your question crypto assets which we call him, Chris Crypto assets, You know, they're they're highly volatile. See Bitcoin. And therefore not really useful is a store of value and they're not backed by anything. They're more of an asset for speculation, so they're also not particularly in use as a means of payment. It's more a speculative asset that Z essentially a substitute for gold rather than for the dollar. And I think with crypto assets of the Publicly still understand the risks. The principal thing is there's the volatility is also the outsized energy requirements requirement for for mining on the fact that they're not backed by anything which I which I mentioned. Turning to stable coins so to the extent of stable corners back by sovereign currencies of leading nations. That's certainly an improvement over crypto assets, I would say, but nonetheless. Where is the credibility Come from? It comes from that sovereign currency that is the backstop. You know, the thing is existing sovereign currencies are issued with the benefit of the public in mind that potentially fast and wide adoption of a global stable coin. Potentially a global currency, governed only by the incentives or private company is something that will deserve and will receive. Highest level of regulatory expectations. Um so and his regulation where it needs to be on global stable coins yet it's not, but we're making progress. Nonetheless, stable coins may have a role to play with appropriate regulation, but that role will not be to form the basis of a new global monetary system. Um, private, stable coins. They're not gonna be inappropriate Substitute for a sound monetary system based in central bank money, Bitcoin has soared nearly tenfold and value compared with a year ago, hovering around 57,000 on Monday. Meanwhile, Tesla has said that it was buying 1.5 billion worth of Bitcoin and with soon start accepting Bitcoin payments of four cars.

Jerome Powell Chris Crypto Fed Reserve CBD Powell FED United States Bitcoin Tesla
Weekly Market Recap

Wall Street Breakfast

05:15 min | 3 months ago

Weekly Market Recap

"What moved markets this week the week ending friday march nineteenth twenty twenty one a week that was anchored by the fed interest rate decision and policy statement and ensuing press conference by chairman. Jerome powell the markets did not do very much earlier in the week in anticipation of this and originally greeted powell's statement loose monetary statements. I should say with bullishness with some buying occurring. After the fed meeting on wednesday afternoon that reversed on thursday as yields shot up and stock markets were sold off pretty dramatically in some instances. The nasdaq fell three percent on thursday. And today friday things are kind of shifting around a little bit. We had some selling earlier and they have since come in. Nasdaq is now up for the day. And we're looking at losses but not very big losses for the major indexes for this week so a big week especially when it comes to fed policy. Lot of commentary around that. And i'm looking forward to what my colleagues have to say about it. I will introduce them now. I am joined by sticking alpha editors brad olsen. Vp of news. Kim khanh senior news editor. Stephen alpher managing editor of breaking news. And i'm your host and moderator nathaniel e baker senior editor of strategic contributors kim. Let's start with you. What was your take on. The events of the week ultimate another volatile week and we've had to deal with You know stocks kind of being dragged around by yields again. But i think it's also maybe seemed worse than it was because of thursday's sharp selloff. But now we've got nasdaq. Maybe looking at if it goes down for the week before out of last five that it's been lower but it's got it's started to gain some traction today as we were talking. Could actually you know. Maybe we gained more traction pull out a win just barely for the week. I think inflation has been on. Everyone's mind and not whether or not there is inflation. Think pretty much people are green. But there is if you looked at The philly fed that was out this week The prices paid index jumped to the highest level. It's ever been it's been since march one thousand nine hundred eighty though. There's definitely i mean. The prices received also spike sharply. So there's definitely inflation being seen this inflation in the pipeline data on now. The question is whether it's good or bad inflation and a lot of times you know. Everyone's like okay rates are out in. The market's gonna sell off but you've had good years where rates have been going going up a bit because of growth in. The market's gone along with it so there's been a i think a lot of debate about that and also we're kind of seeing maybe some more evidence of rotation which is not necessarily rate striven just people just still taking are looking at growth and looking for these reopening stocks cyclical stocks and Selling some of the bigger tech names to buy those stocks. And that's going to have an outsized impact on the indexes. Yeah and i guess. The question is also whether the inflation that we're seeing is transitory to bar the feds term which basically apparently means they can just ignore it. Or if it's something a little bit more permanent which might get them to start tapering brad. What's your take. Who are the winners and losers. Definitely this week was a cyclical rally. You saw airlines takeoff literally Partially on the tsa data that we saw travelers start to move around the country. A little bit more aggressively young american airlines alaska air united airlines all up about double digits. Interestingly enough the thing. Sanford bernstein even called out some of the value names or more traditionally cyclical names as screening or momentum. So that's one of the first time i've ever happened or as happens in two thousand sixteen where the value names are now technically momentum names of this upswell of of equity interests that we've seen over the past couple weeks really pick up steam and so that that that involves autos materials energy etc over the past few weeks. Although this week energy was clearly a loser on that steep drop off that we saw an oil the admit marathon oil achy. Wheelock smell the trillium. They took it on the chin Crude i think it had its worst day since september Earlier this week so outside of the energy names. They're the sickles. Were still a big winner. Obviously i think you've powell tried to assuage your concerns about how aggressive the fed was going to be I think just he just issued another editorial earlier today discussing you know trying to reassure the markets. Hey the dove even though quite a few of the members did express an interest in in raising rates before twenty twenty three a still a minority of them obviously

Jerome Powell Brad Olsen Kim Khanh Stephen Alpher Nathaniel E Baker FED Powell Alpha KIM American Airlines Alaska Air U Sanford Bernstein TSA Brad Wheelock
Federal Reserve Gives Brighter Economic Outlook

WSJ What's News

01:03 min | 3 months ago

Federal Reserve Gives Brighter Economic Outlook

"The dow closed at a record today. Thirty three thousand fifteen after the federal reserve said it would keep policies in place to support the economy through the recovery fed chair. Jerome powell said the fed expects to hold interest rates near zero thru twenty twenty three and we continue. Its bond buying program the s. and p. five-hundred was also up three tenths of a percent and the nasdaq reversed earlier losses to end the day up. Four tenths of a percent. Here's our markets reporter earth ram kumar with more stocks rose wednesday after the latest signals. That the fed isn't going to take away the punch bowl. We've seen a remarkable rally in stocks tied to the economy shares of energy producers manufacturers smaller companies. And that's why we saw the dow eclipse thirty three thousand and close above that level. For the first time today investors are really expecting the deployment of more vaccines ultra low interest rates and more stimulus from the biden administration to power economic boom. And there are these concerns out there that have been looming but right now. That's the most important driver. So that's why we see the blue chip stock index continuing to march higher.

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No, the Digital Dollar Won't Kill Bitcoin

The Breakdown with NLW

03:15 min | 3 months ago

No, the Digital Dollar Won't Kill Bitcoin

"What's going on guys. it is actually. I have no idea what day it is one of the episodes that i'm recording in advance of being out for a couple of days to witness the birth of our new child so i'm not actually sure what day it's coming to you but i thought it would be fun to talk about digital dollars and their relationship to bitcoin given that we had some new comments. From jerome powell. The fed chair over the last couple of weeks about how a digital dollar is finally going to come to the fore of the fed strategy and twenty twenty one. The name of this piece is the same as my thesis. Which is no the digital dollar. Won't kill bitcoin to understand. Why i we need to talk a little bit about central bank digital currencies in general a central bank digital currency is pretty much exactly what it sounds like. It is the digital equivalent of cash. But isn't money already digital. You say the difference is that these digital currencies would actually be bearer instruments in other words. They're not just a digital representation of something that exists elsewhere offline so when a tether is minted for example there is theoretically a us dollar that exists somewhere that it can be redeemed for it has no other value other than that dollar that it can be exchanged for central bank digital currency a fed coined would work in a way where the digital dollar was itself. The thing that had value it wouldn't correspond to an offline dollar importantly another difference from something like tether is that it would be completely under the jurisdiction of the issuing government it would be digital fiat with the money supply that could be controlled just as it is controlled today indeed with more precision which gets us to our next question. Why are countries interested in. Cbd's there are a number of reasons. First let's talk about a cost convenience. This one is pretty obvious. Part of the classic disruption of digital alternatives is that they make things faster cheaper and easier just to understand how the government might see this the. Us spent nearly nine hundred million dollars last year. Actually printing cash. There's a cost to produce this physical thing. And this would eliminate that entirely. That's not where the efficiencies cost and convenience and however think about things like how much easier it would be to pay or extract taxes. If you had an account directly with the fed think about how much easier it would be distribute stimulus checks in fact stimulus. Checks are part of why a digital dollar came up as a bigger deal again last year. The first covid nineteen relief. Bill proposed by democrats actually had a fed account built into it as the mechanism to distribute government support so that countries are interested in. Cbd's has to do with fighting financial crime. This is one of the biggest reasons you're likely to see some version of a cdc come to pass in the us since nine eleven the us has been trying to get evermore visit into an even more control over the flows of money. This won't shock anyone. In bitcoin of crypto given how frequently the used in crime narrative is cited as a major reason to be skeptical of our industry.

Jerome Powell FED United States CBD Bill CDC
Powell inflation comments send US stocks and bonds lower

WSJ Minute Briefing

00:12 sec | 3 months ago

Powell inflation comments send US stocks and bonds lower

"Sharply lower after federal reserve chairman. Jerome powell told the wall street journal's job some of this afternoon that while the fed plans to keep interest rates low for the foreseeable future. The economy is far from reaching full employment. Here's

Jerome Powell FED The Wall Street Journal
"jerome powell" Discussed on KDWN 720AM

KDWN 720AM

02:35 min | 9 months ago

"jerome powell" Discussed on KDWN 720AM

"All police departments activities. It's the country just so there where there's transparent. What's going on? I would also make sure that I elevate the Justice Department. I should be. The civil rights division have a direct office with inside the White House. Most of all, I would have an attorney general who understood his oath of office, not ajoke Attorney general his oath of office that in fact could do and move on what the professionals in the department thought had to be pursued, but I could ask the following questions. If, in fact you get elected. Would you prosecute Trump? Jude pursue prosecuting Trump. The answer is I'm not gonna pursue prosecuting anyway. I'm going to do with the Justice Department says it should be done. Biden's visit was his first to North Carolina since he campaigned there during the Democratic primary this past spring. On the stump today, Vice President Mike Pence and President Trump's daughter Ivanka traveled to Minneapolis that to show solidarity with the police union there, as the Trump campaign pushes is law and order message on the campaign trail. Fed chair Jerome Powell on Wednesday defending the reserves efforts to support the economy during the pandemic induced recession from assertions that its programs bungled aspects of its response House subcommittee releasing a staff analysis that found a program in which the Fed bought corporate bonds to try to support company struggling during the pandemic. It included buying bonds from companies that laid off more than a million workers since March of the report, concluding that 383 companies whose bonds were bought by the Fed had continued to pay dividends to shareholders with 95 of those companies also laying off workers. And as the Trump Administration moves toward anti trust action against search giant Google, it's campaigning to enlist support from sympathetic state attorneys general The president pushing his campaigning is big tech Wednesday, touting curbs on legal protections for social media platforms he denounces is biased against conservative views. Anticipated lawsuit against Google by the DOJ could be the government's biggest legal offensive to protect competition. Of the groundbreaking case against Microsoft almost two decades ago, lawmakers and consumer advocates accused Google of abusing its dominance in online search and advertising to stifle competition. I'll forget you can take us with you. Wherever you go. Download the tac stream. Live free Mobile app. Reach out to yours. Truly. Anytime on social Media, Twitter or Facebook, Matt Ray talk. Use the hashtag fn And, of course follow the show on Twitter too.

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"jerome powell" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:47 min | 2 years ago

"jerome powell" Discussed on WNYC 93.9 FM

"Jerome Powell yesterday worked hard to Warren that current low inflation might just be a temporary condition. Let's consult Diane Swonk chief economist of tax advisory firm grant Thornton good morning. Good morning inflation in a transitory phase could be is that analysis from the fed chair make sense to you. Well, it is in many ways because the fed has been surprised by inflation the past. Where measurement changes in inflation have meant all of a sudden we saw a drop in inflation that played out over time. So that disinflation that soda transitory and a bit of a head fake. And that's something that chairman Powell wanted to point out at his press conference yesterday after they made the statement today inflation is low we understand that. But there's some measurement errors things like apparel. And the way that you're charge for your brokerage account could easily play out there one time factors, and we're willing to wait it out on some parts of this. But we telling me, home prices or decelerating. That's a that's a force downward. Exactly. That's one of the things he didn't talk about. And that's been a major factor pushing prices up in inflation more generally across the rapid acceleration. We've seen in housing prices. And those are now decelerating which is good news occurs. If you're trying to buy a home, not as good news. If you're trying to sell a home, and I think that's something that could be more complicated for the fed as. As we go forward. Very briefly the big jobs report for April is tomorrow. What do you think looking at more solid gains of hundred eighty thousand or a little bit plus that in private sector job? All right. Try to confirm that tomorrow at this time, Diane Swonk at grant Thornton. Thank you so much. Thank you. Stocks London.

Jerome Powell fed Diane Swonk Thornton chief economist Warren chairman London
"jerome powell" Discussed on KOMO

KOMO

02:57 min | 2 years ago

"jerome powell" Discussed on KOMO

"Reserve chairman Jerome Powell told an audience today that he's not bothered by President Trump's criticism of his performance Powell who was nominated by Trump said he and his colleagues would focus on the job. Congress has given them adding we don't get distracted by other things. Stocks rose for a fifth straight session. The down dossier was climbing one hundred twenty three points today. The NASDAQ was up Twenty-nine oil prices made a last-minute recovery to finish slightly higher. February crude rose twenty three cents to settle at fifty to fifty nine a barrel. That's your money. Now, the partial federal government shutdown could have an impact on food safety. The FDA says it's stopped routine safety inspections of foods at high risk of contamination. Commissioner Scott Gottlieb says that include seafood, fruits and vegetables three thousand Americans die each year. Because of food borne illness Gottlieb says bringing back for. Reload inspectors could mean they won't be able to collect unemployment to get them through the shutdown. A new study says flaw sing with oral B glide dental floss could lead to higher levels of toxic chemicals in the body. Mark Mayfield has details. The research found that women who use the floss higher levels of P F A S chemicals in their bodies than women who didn't use the floss PF AS chemicals are used for the resistance to water in Greece health problems like cancer ulcerative colitis and thyroid disease and children have been attributed to exposure to the chemicals health update. Sara Lee Kessler NBC News Radio. Americans are having fewer and fewer babies, which means this country's population is shrinking and changing ABC's Scott Goldberg reports last year, the CDC says Americans didn't have enough babies to replace ourselves. That means the native born population is getting older, and it's look is changing too. Because fragility rates vary based on race. Overall. Researchers say last year the total fertility rate or births per one thousand women of childbearing age was sixteen percent lower than the number that would be needed to keep the population stable with birth Salone immigration, the other way, the population grows among women already here. The CDC says Hispanic and black women have higher rates than whites. Scott Goldberg ABC news. Doctors who specialize in female pelvic medicine, say lawsuits by four states, including Washington and California over products used to treat pelvic floor disorders and incontinence might scare patients away from the best treatment options, sixty three Washington surgeons recently signed a letter to state attorney general Bob Ferguson, arguing his consumer protection lawsuit against Johnson and Johnson is off base. The lawsuit says the company failed to disclose risks associated with the trans vaginal mesh products for the doctors say they were never deceived that the case is based on misapprehension of how they assess risks posed by medical procedures where requested comment from Ferguson on this letter and have not yet heard back..

Commissioner Scott Gottlieb Jerome Powell President Trump Scott Goldberg CDC Bob Ferguson Washington Sara Lee Kessler ulcerative colitis Congress chairman FDA Johnson Mark Mayfield NBC ABC
"jerome powell" Discussed on 106.1 FM WTKK

106.1 FM WTKK

05:12 min | 2 years ago

"jerome powell" Discussed on 106.1 FM WTKK

"The market and the market. That's what's happening lately. Boy. So is there an argument to be made that it's better that there's no emotion involved here. When say the machines are conducting what most trading. Well, that's exactly right. There is an argument for the main in that for years we've seen behavior on that. Takes a whole slice of the economics. Profession behavioral economics, dedicated to showing all the stakes make investors anchoring and other kinds of mistakes, where we panic we've got greed, etc. And the hope is that using these preset recipes or algorithms you will avoid kind of selling in a panic or or buying ingred. They don't always work. The algorithms kinda guys haven't necessarily outperformed all having performed over the years. But that is the hope. Wow. Did somebody guests that eighty five percent of all trading is done by computers and algorithms, although that doesn't include sort of market making as they call it. People just aren't buying and telling to conduct business for investors when it comes to sort of investors themselves the biggest chunk of the market right now is about thirty percent. And that is these quantitative hedge funds. So and that's grown over there. Over the years. So yeah, they're bigger part of the market. The never again, it's not people using intuition and old school fundamental research. These are people that have have models of setup certain models, and they sell simply add to the liquidity in the market, but often they also bride momentum and exaggerate moves. We're speaking with the Wall Street Journal's Gregory's special writer is gonna interesting piece entitled behind the market swooned the herd like behavior of computerized training. So you referenced it a little bit. What about these priests? Inputs that these things act on is this this is going to be my eyes glaze or is it fairly easy to understand. I mean, quite frankly, a lot of them not all done. A lot of them are either reversion to the mean, tornadoes strategies. So hey, went a little too far on the upside of the downside, and they bet these strategies better they're gonna revert. They're betting on momentum. Hey, there's been up our urban down. It's going to continue the trend is going to continue. You know, big quite sophisticated can find they call them or signals that are quite obscure and tweeting. And sometimes they didn't even understand the monitor understand this a lot of machine learning going on up there. But do not always that sophisticated and make can be as simple as riding the momentum of the market. So how did these things react when say I don't know like the fed chairman Jerome Powell sits down to answer questions in blurts out no interest rate hikes next year. But the markets would obviously love that. Right. But how does that get factored into somebody actually have to input? Here's what Mr Powell said today or something. What's good question? There are different types of models. Or some that pick up on words like you say, they have this alternative data. They call it. And maybe it's a tweet from the president or somebody else in their program to head of time. But what about the ones are just looking for patterns and one let's say afford versus TM one goes a little too far one direction the other relative to the other one day by one and sell the other so always necessarily trade away you mansion a fund manager. Hey, where's the economy going there, really care? Sometimes not always. But some of them don't really care too much where the economy is going relative kind of trading little patterns that might be fleeting. Even in the market is a fair to put that much trust in machines. Computers, algorithms, preset inputs. Good question. I would remember nineteen eighty-seven. So there weren't as many preset algorithms back then and we collapsed. So it's not to say that clear as more dangerous or less dangerous getting short term, maybe that volatility. But if you're an individual investor, you can actually take advantage of the machines. I mean, we're up thousand points and in last ringed down like six hundred if you're kind of a long term investor there are ways to take advantage. So boy, it's fascinating. So is it possible? Then like if these things were in place in eighty-seven, we wouldn't have fallen that far. It's hard to tell. It's very hard to tell a good question. Some of these guys these algorithms machine traders liquidity and others have stepped back when things get crazy. They'll trade at all which hurts mcquaid at it hurts trading liquidity. But then again that was always a criticism of the guys on the floor the floor traders in new York Stock Exchange and others pay when you when you most need them, they're not there. So it's not clear. It's more dangerous world it used to be. It's Wall Street Journal special writer, Gregory Zuckerman, sixteen minutes now after the hour on This Morning, America's first news. Ask yourself if you built a van for your business where would you start at the beginning? Of course with the people.

Gregory Zuckerman Wall Street Journal Jerome Powell writer fed York Stock Exchange mcquaid fund manager president chairman America eighty five percent sixteen minutes thirty percent one day
"jerome powell" Discussed on Here & Now

Here & Now

02:27 min | 2 years ago

"jerome powell" Discussed on Here & Now

"Jill happy holidays and happy to you as well. So let's start with the shutdown. This is the third one in twenty eighteen the twentieth since nineteen seventy six how much is it impacting the markets? I don't know if this particular piece of information is causing additional selling now. But we know we came into this period, very weak. The folks at L P L financial have done some research looking at all. The shutdowns actually what they found was that the stock market doesn't move that much during shutdowns whether they're long or short. So the last five we actually saw stock market's rise. There were a couple of maybe two percent losses back in nineteen eighty four and nineteen ninety. I think in this case, the problem with the shutdown is the disarray in Washington, and that just piles onto this wall of worry that investors have constructed as we came into the month of December of uncertainty and add to that the fact that the president has reportedly been asking his advisers, whether he can fire Jerome Powell, the chairman of the Federal Reserve who was his pick, by the way who hiked interest rates last week and predicted that there will be two more increases in twenty nineteen. This news of the president thinking about firing him is really rattling investors. Yes. And a stencil that firing could only come with 'cause and I believe. Leave the president's advisors are now basically telling him that he cannot fire Jerome Powell just because the fed chair has increased interest rates or plans to next year. But I do want to go back to that meeting for a moment and remind everyone that the fed said it is likely to increase rates two more times in twenty nineteen. This is not a fate accompli. I wonder if the stock market investment community has over at reacted to the Fed's comments specifically, I also wonder whether they could actually find themselves in a situation where the fed slows down those interest rate increases next year. I'm thinking that if the economy were to kind of downshift, the fed is not going to raise rates on some sort of autopilot, Joe big picture, how worried should people be as they watched the market just continue to drop. Well, I think that if you are still contributing to your retirement account that you should be cheer. Because you just got a big discount. If I told.

fed Jerome Powell president Jill L P L Washington chairman of the Federal Reserv Joe two percent
"jerome powell" Discussed on Here & Now

Here & Now

02:27 min | 2 years ago

"jerome powell" Discussed on Here & Now

"Jill happy holidays and happy to you as well. So let's start with the shutdown. This is the third one in twenty eighteen the twentieth since nineteen seventy six how much is it impacting the markets? I don't know if this particular piece of information is causing additional selling now. But we know we came into this period, very weak. The folks at L P L financial have done some research looking at all. The shutdowns actually what they found was that the stock market doesn't move that much during shutdowns whether they're long or short. So the last five we actually saw stock market's rise. There were a couple of maybe two percent losses back in nineteen eighty four and nineteen ninety. I think in this case, the problem with the shutdown is the disarray in Washington, and that just piles onto this wall of worry that investors have constructed as we came into the month of December of uncertainty and add to that the fact that the president has reportedly been asking his advisers, whether he can fire Jerome Powell, the chairman of the Federal Reserve who was his pick, by the way who hiked interest rates last week and predicted that there will be two more increases in twenty nineteen. This news of the president thinking about firing him is really rattling investors. Yes. And a stencil that firing could only come with 'cause and I believe. Leave the president's advisors are now basically telling him that he cannot fire Jerome Powell just because the fed chair has increased interest rates or plans to next year. But I do want to go back to that meeting for a moment and remind everyone that the fed said it is likely to increase rates two more times in twenty nineteen. This is not a fate accompli. I wonder if the stock market investment community has over at reacted to the Fed's comments specifically, I also wonder whether they could actually find themselves in a situation where the fed slows down those interest rate increases next year. I'm thinking that if the economy were to kind of downshift, the fed is not going to raise rates on some sort of autopilot, Joe big picture, how worried should people be as they watched the market just continue to drop. Well, I think that if you are still contributing to your retirement account that you should be cheer. Because you just got a big discount. If I told.

fed Jerome Powell president Jill L P L Washington chairman of the Federal Reserv Joe two percent
"jerome powell" Discussed on CNBC's Fast Money

CNBC's Fast Money

03:35 min | 3 years ago

"jerome powell" Discussed on CNBC's Fast Money

"Plus it is the greatest bull market ever this week, making it the longest run in history while so what do you do keep betting on the stocks? Ghana's here traders are going to weigh in. I, though we start with breaking news, President Trump taking on the Federal Reserve and it's care. Jerome Powell again, go to jammers at the White House for the details. Ayman some criticism here from the president of the fed, share this coming in an interview with Reuters earlier this afternoon. It was an off camera interview, but a couple of the key points here from the president. He says that he's not thrilled with Drome Powell for raising interest rates. The president critical here saying that the fed should be more accommodating. He says, I should be getting more help from the Federal Reserve in terms of the economy and says, he will continue to criticize the fed. If it continues raising rates of the president here, sort of unshackling himself from the recent norm over the past couple of decades in which presidents really didn't criticize the fed or tried to shy away from being critical of the fed and going back to a pattern that we've seen going back thirty forty years or more in which presidents engaged in sort of semi open warfare with the fed. That's where this president has found himself going into these midterm elections, the president, very critical of Jerome Powell frustrated with raising rates and worried that it might hurt the economic recovery, which the president views as the centerpiece of his agenda here in office at the White House, Michelle. Yeah, absolutely. Image average. Thank you so much Jeffers at the White House. So we'll the president's tough rhetoric impact the Fed's next move. And if the feds start hiking, are we in as much trouble as Trump things guy? What do you think of the president. Telling what he always great to have y'all. Show, will you. Right here. I've been here the whole everybody doing the whole time to answer your question would affect the Federal Reserve decision? Absolutely. Not. There's no way affects decisions. My opinion. The fed has been extraordinarily transparent and I think they'll do what they need to do. They will act to the extent that the data suggest they should act no more number two. By the way nuts get political, but when President Trump was candidate Trump criticized the fed for these opposite reasons. So you sort of can't have it both ways. I were present, which I'm not say, you know what the economy's doing so well under my administration. That makes perfect sense that this Federal Reserve would be raising rates. It might not be who've us in short term, but this is a long term gain. I think they should be independent and do what the data. And that's the point because Larry cudlow is on the air on Friday, saying the economy's crushing it. So under those circumstances, it's okay for rates to raise. I agree with you. I think this very little chance that the fed if I think the chances probably zero point zero that the fed. Actually acts on this. In fact how I didn't, how I think Powell hang on. Let me finish my son instead of just saying stuff over and over. How would you know how would you how would sooner than actually had monetary policy impacted by? Here's the thing to Steve point, how do you ever know if there's a moment where it's questionable, should they shouldn't? They won't. They. Communist. They don't, you think, oh, maybe they listen to the president. Weight weightlifting. They do raise rates time. We question we think, wow, maybe they're trying to tell the president something like there's this whole layer. I g that has been actually. I don't think that happens whatsoever. I think our Connie is so fragile that twenty five basis points is going to destroy the whole thing that we don't have a good economy. It'll I think to that point though, you don't know whether it was going to be two or three..

president Federal Reserve President Trump Jerome Powell White House Ghana Steve point Ayman Reuters Jeffers Michelle Connie Larry cudlow thirty forty years
"jerome powell" Discussed on KSRO

KSRO

01:51 min | 3 years ago

"jerome powell" Discussed on KSRO

"Altar I don't. Know I don't know so. Enter the testimony Today and yesterday by Jerome Powell the semi annual humphrey-hawkins testimony is the fed chief is required to give the congress yesterday was was, the house yesterday in the Senate, today but that was one and they they. Put flop every. Time they do this Jerome Powell said That Trade could complicate their forecast He says that the expects, the economy to remain strong but that the trade. Problems could complicate their forecasts he says it's difficult difficult to predict the ultimate outcome of. The current, discussions over trade so yes. Nobody knows how this. Is all gonna turn out But then The meeting today with the president in the cabinet room where they had very brief. Going on it, was yesterday, I'm sorry yesterday, was no it's today's is what? The what the tax people they're. Talking about, tax cuts. Two, point oh and yet there are a lot of documents coming, out saying For the. Biggest group, of American. Workers, in this came from Jerome Powell wages are not flat anymore They're falling They're saying wages are falling for the. American worker so is that why they're talking about another tax? Cut Bill Eight five five, two nine five sixty six hundred what do you make..

Jerome Powell fed Senate president congress
"jerome powell" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:29 min | 3 years ago

"jerome powell" Discussed on Bloomberg Radio New York

"Trump questioned whether Russia interfered in the two. Thousand sixteen election and suggested he trusts Putin. As much as its own at national intelligence director I think we're doing really well. With Russia as of today I, thought? We were going horribly before today I've. Been horribly dangerously that big Matic to though I think it, was great today but I. Think it was really bad five hours ago I think we really had, a potential problem so that was the. US President Donald Trump speaking there after his meeting with Vladimir Putin just kind of. Continuing the promises, he made to his voters during the campaign to patch up relations with Putin regardless of All of the litigation that we've, seen or Let's say investigations that we've seen since then let's cross over to Singapore right now where Wes, Goodman from the markets live team joins us and whereas you're, focused more on the fan on central, banks then you are on this Trump saga this. Ongoing Trump saga or Brexit for that matter what? Do we expect from Jerome Powell this week Good morning everyone yeah you know if honestly. If anybody I, I, haven't heard that Brexit or the. Trump meeting has has influenced the markets in in any way so we are focused on. Jerome Powell you know and, I think what he's going. To what, is going to emphasize his more gradual rate hikes and probably mentioned that it's too early to assess the impact, of the tariffs. But you know he he's very positive on the economy he, makes comments, like he's sleeping well at night. And the economy's in a good place and the last minute said the economy is very strong, so yeah I think he's going to certainly solidify the idea, that that there's one more hike this, year and you know keep keep alive the idea. That you know there may in fact be too At the. Same time, we're hearing from fed president Neil Kush Cari that there's not much reason for the fed to raise rates much, further I'm wondering. To what extent that argument will carry heat within the FOMC Yeah I guess it's just a question of how much is too much how many rate hikes too? Much, no there's this growing body that, says the feds tightening too far and carry said that this risks putting the brakes on the. Economy and of, course the main thing that people point to is the flattening of the treasury yield, curve which has been such a good indicator of of a recession coming in the next couple of. Years so, yeah the economy's in a great place, now I guess because Kerry is sort of focused not on, now but you know what can happen in the. Future if there's if there are too many rate hikes and maybe maybe Jerome Powell biggest job this week will be to say how he plans, to you know how he plans to keep the economy and a good. Place all, right. West thanks very. Much Wes. Goodman they're helping us keep our eye on the ball on the markets ball. Here west joins, us of, course from the markets live team and you can check out his work and the work of his colleagues on your Bloomberg type m l. i. v. go. Matter we have some breaking. News News onto my neck of the woods. South to Scandinavia, this morning Telia is buying a TDC no way at an enterprise value of twenty, one billion Norwegian kroner so TDC group of Denmark is essentially divesting its Norwegian business to Telia of. Sweden TDC, group selling all shares in its Norwegian, operations to tell you we understand this morning television in a, buying mood because it's also negotiating round the stand. To by the media assets of Bonnier so some in the Scandinavian region all right a little bit more of that media emanate that we are, covering globally it's going to be a big year for that let's get. To Brexit, I. Guess it's a. Big year, for that as well every week something really important everyday something super important happens. And of course, the same, was true yesterday UK Prime Minister Theresa may jumped out of the frying pan into the fire this after backing down from a fight with Brexit tears in. Her conservative party over breath Exit plan and instead unleashing the fury of pro e u Tories she can't win either way Bloomberg is Thomas. Penny has the latest a majority was cut to just three and she needed rep Mike from the opposition. Labour party to get through amendments she had accepted kite eurosceptics opposed to soften her. Plans for Brexit critics.

Brexit Donald Trump Jerome Powell Vladimir Putin Russia US Wes president Goodman Sweden TDC Labour party Telia Bloomberg director fed Prime Minister Theresa TDC Kerry Neil Kush Cari UK
"jerome powell" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:28 min | 3 years ago

"jerome powell" Discussed on Bloomberg Radio New York

"Board of governors here in washington of which there are only three at the moment and in fact one of these proposals was opposed by governor lael brainard it was passed however buy rental quarrels and chair jerome powell over her descent so the consensus still seems to be among economists that the fed is on a path to raise interest rates three times this year is there a possibility that the fed could alter that trajectory and sort of wait and see what the impact of rolling back regulations under dodd frank could be well they'll stick on that trajectory until they see some economic conditions actually changing i don't think they'll sort of preempt early changed the arc based on what they don't know will happen as a result of regulatory changes and i have to say what is more likely to change that path then the regulatory changes are the fiscal actions we have seen the tax khan and the quite robust pending legislation that was passed see the impact of those quite a sooner yeah and those yeah those have there's a greater risk of overheating occurring because of those fiscal measures in fact but then on top of that you could get some regulatory changes causing allowing banks to to be a little bit more aggressive in the way their lending first quarter gdp number comes out tomorrow i in a streak of numbers over the next nine days that were watching for signs of the health of the economy in thirty seconds what are we expecting well i'm not sure how much change over certainly they're they're hoping for a little bit of improvement from the early signs of where we're the first quarter was hustle spending was down overall the first quarter was weak certainly compared to the fourth quarter last year i think they're looking through that for the moment anyways and they're and they're heading into a meeting where they're not going to change interest rates nobody's expecting rates to be raised in the in the early may meeting but it could certainly come to bear on the on the june meeting certainly lots of wash so the.

washington jerome powell fed dodd frank lael brainard thirty seconds nine days
"jerome powell" Discussed on Marketplace All-in-One

Marketplace All-in-One

02:04 min | 3 years ago

"jerome powell" Discussed on Marketplace All-in-One

"Joe arpaio mm more expensive and jobs not paying for the skin so provides anymore that is jerome powell whose 35 and works none of the fed but at johns hopkins baltimore even though he does computers he works in it he's getting a lot of questions about the economy these days yeah oh got really with a victory for nominated your guy my buddy canyon village all vietnamese boat worked from trump going gonna be like economist we also talked to jay powell forty one who lives in boone north carolina he does business consulting for the video game industry i mean i just don't you know from a job market perspective were back on solid ground you know i still have a lotta friends so highly educated somali elders and there have until tom's doing jobs to me it's one of those i'll rather hell no extra money going somewhere else instead on you know raising interest rates staying with interest rates here's jerome powell in chicago he's a fortyseven 47yearold automotive sales manager people are still buying but we are complaining at the uh guess 'cause they're so used to seeing liu one percent two percent now is right for going up three and four percent there's a low shocker to them uh i'm still looking over my shoulder at the superheated stock market and and actually even twisting around now on the stock market because some of the things that were put in place the doddfrank and all these other attempts at protections which weren't even enough and i think it's just leaving us vulnerable to yet another disaster that's san diego jay powell seventy two who works on bringing solar power to load a middle income people meanwhile in nashville jurong powell thirty four is a pharmacy technician and to make ends meet he's a parttime bartender been under noticed someone like and then work almost seven days a week but that al day so it's no topical your kids i couldn't handle interest rates and going up any i know what they are right now.

jurong nashville san diego sales manager boone north carolina baltimore Joe arpaio technician jerome powell jay powell liu chicago tom trump fed four percent one percent
"jerome powell" Discussed on Marketplace All-in-One

Marketplace All-in-One

02:04 min | 3 years ago

"jerome powell" Discussed on Marketplace All-in-One

"Joe arpaio mm more expensive and jobs not paying for the skin so provides anymore that is jerome powell whose 35 and works none of the fed but at johns hopkins baltimore even though he does computers he works in it he's getting a lot of questions about the economy these days yeah oh got really with a victory for nominated your guy my buddy canyon village all vietnamese boat worked from trump going gonna be like economist we also talked to jay powell forty one who lives in boone north carolina he does business consulting for the video game industry i mean i just don't you know from a job market perspective were back on solid ground you know i still have a lotta friends so highly educated somali elders and there have until tom's doing jobs to me it's one of those i'll rather hell no extra money going somewhere else instead on you know raising interest rates staying with interest rates here's jerome powell in chicago he's a fortyseven 47yearold automotive sales manager people are still buying but we are complaining at the uh guess 'cause they're so used to seeing liu one percent two percent now is right for going up three and four percent there's a low shocker to them uh i'm still looking over my shoulder at the superheated stock market and and actually even twisting around now on the stock market because some of the things that were put in place the doddfrank and all these other attempts at protections which weren't even enough and i think it's just leaving us vulnerable to yet another disaster that's san diego jay powell seventy two who works on bringing solar power to load a middle income people meanwhile in nashville jurong powell thirty four is a pharmacy technician and to make ends meet he's a parttime bartender been under noticed someone like and then work almost seven days a week but that al day so it's no topical your kids i couldn't handle interest rates and going up any i know what they are right now.

jurong nashville san diego sales manager boone north carolina baltimore Joe arpaio technician jerome powell jay powell liu chicago tom trump fed four percent one percent
"jerome powell" Discussed on Marketplace All-in-One

Marketplace All-in-One

02:04 min | 3 years ago

"jerome powell" Discussed on Marketplace All-in-One

"Joe arpaio mm more expensive and jobs not paying for the skin so provides anymore that is jerome powell whose 35 and works none of the fed but at johns hopkins baltimore even though he does computers he works in it he's getting a lot of questions about the economy these days yeah oh got really with a victory for nominated your guy my buddy canyon village all vietnamese boat worked from trump going gonna be like economist we also talked to jay powell forty one who lives in boone north carolina he does business consulting for the video game industry i mean i just don't you know from a job market perspective were back on solid ground you know i still have a lotta friends so highly educated somali elders and there have until tom's doing jobs to me it's one of those i'll rather hell no extra money going somewhere else instead on you know raising interest rates staying with interest rates here's jerome powell in chicago he's a fortyseven 47yearold automotive sales manager people are still buying but we are complaining at the uh guess 'cause they're so used to seeing liu one percent two percent now is right for going up three and four percent there's a low shocker to them uh i'm still looking over my shoulder at the superheated stock market and and actually even twisting around now on the stock market because some of the things that were put in place the doddfrank and all these other attempts at protections which weren't even enough and i think it's just leaving us vulnerable to yet another disaster that's san diego jay powell seventy two who works on bringing solar power to load a middle income people meanwhile in nashville jurong powell thirty four is a pharmacy technician and to make ends meet he's a parttime bartender been under noticed someone like and then work almost seven days a week but that al day so it's no topical your kids i couldn't handle interest rates and going up any i know what they are right now.

jurong nashville san diego sales manager boone north carolina baltimore Joe arpaio technician jerome powell jay powell liu chicago tom trump fed four percent one percent
"jerome powell" Discussed on Part of the Problem

Part of the Problem

02:22 min | 3 years ago

"jerome powell" Discussed on Part of the Problem

"And and it happens i think the main driver behind this and now it happens to be the same day that yellen leaves and jerome powell was sworn in as chairman of the federal reserve and what lots of people are reporting okay this is not this is not just are saying this according to nbc news according to cnbc and according to fox business they were all saying that what what drove the the the sell offs was a fear of a potentially raising interest rates and man this is you know it it it's getting the prospects are getting a little bit ugly and i i really am hoping madam i'm wrong about this and that may be all these austrian economists who had been listening to have have made a mistake of some sort but i don't think so and uh you know this whole thing this whole allusion has been built off artificially low interest rates and this is this is a scary prospect that just the thought of may be raising interest rates leads to this type of sell off and man how we would possibly stomach the real thing is is kind of frightening and you know there there's a a lot of people think were ripe for a big recession something that could be worse than than two thousand eight and in fact because of all the action that we took after the two thousand eight recession this is kind of what's built it all up like we still need the correction from that bubble and it just it gets a little bit more frightening if you think about kind of the cultural aspect and the economic aspect put together where people are so at each other's throats they're so angry you already see kind of like a whatever the lake and tifa guys and black lives matter and then you know like all the craziness that sky all the people that have been agitated and then imagine there is a real big economic crash i just i i worry about where this would all lead and and how people you know you made the point rob back.

jerome powell cnbc rob chairman of the federal reserv nbc fox
"jerome powell" Discussed on KQED Radio

KQED Radio

02:18 min | 3 years ago

"jerome powell" Discussed on KQED Radio

"For jerome powell to make some news today during his confirmation hearing he is president trump's nominee to succeed janet yellen as federal reserve cheer powell signalled to say senators that the fed is likely to raise interest rates at its meeting this month and that's the part that made news and purist on its do reports that powell also avoided any missteps today jerome paul has been a member of the fed's board of governors since 2012 and today he suggested again that he will generally continue the policies the fed has pursued under janet yellen both democrats and republicans found things to like in powell's testimony democrats appreciated his view that unemployment could go lower and that there are still americans on the sidelines particularly prime working age males who aren't participating in that is that is the one measure i think that stands out now is suggesting that there may be more slack more people that can come back to work paul said the lack of strong wage gains also suggest that unom women could go lower while powell reiterated his support for the stronger bank regulations put in place after the financial crisis republicans were pleased that he is ready to revisit some of those rules to make them more targeted and less burdensome we will continue to consider appropriate ways to ease regulatory burdens while preserving the core reforms core reform such as requiring banks to undergo regular stress tests and have more capital as a cushion against losses the nominee for the feds top job also said he believes the financial system is much more stable now than it was before the housing bust in financial crisis but he said he is concerned about cybersecurity it's a be the most important risk that our financial institutions are konomi our governor institutions face we are very focused on providing the resources to deal with it both republicans and democrats tried to get power to weigh in on the tax bill that republicans are pushing through congress democrats asked whether he agrees with the congressional budget office that the tax bill would add about one point five trillion dollars to the national debt over the next ten years clearly the debt needs to be on a sustainable path we all know that on the other hand it's not for us to be taking part in the discussion that.

jerome powell trump janet yellen fed interest rates jerome paul financial system financial crisis president congress five trillion dollars ten years unom
"jerome powell" Discussed on Knowledge@Wharton

Knowledge@Wharton

01:44 min | 3 years ago

"jerome powell" Discussed on Knowledge@Wharton

"This podcast is brought to you by knowledge award we have seen quite a run in the we've seen quite a run a lately uh with the expectations of what is going to happen with the federal reserve now reports say that a reserve governor jerome powell will be the person nominated by president trump to be the next chair of the fed if confirmed powell takeover would janet yellen term ends in february to discuss the news weird joint here in studio by peter connie brown associate professor of legal studies and business ethics you're at the weren't in school and in just a minute will be joined by christa swart susan associate professor of finance here at work as well peter great to see yet it's a pleasure it has been way too long 900 they just gave me a promotion i'm an assistant professor i know i unthinking head for so jerome pal uh that's the name being bandied about uh give us a give us an idea as to uh the background on mr powell and how you think a he could be as a potential fed chair there's so much that's unusual about this process so far not least as during powell himself france if you'd asked fedwatchers five years ago put myself in that uh in that population as well to list the fifty or a hundred uh likely candidates to be uh fed chair iin a republican administration drouin powell's name would not have been on that list right uh he was an obama appointee five years ago to the the fed's board of governors these republican served in republican administrations these not mcconnell must uh he's not uh uh you've been a monetary policy.

jerome powell president trump associate professor assistant professor drouin powell fed mcconnell powell janet yellen peter connie brown christa swart associate professor of finance france five years
"jerome powell" Discussed on Marketplace All-in-One

Marketplace All-in-One

01:34 min | 3 years ago

"jerome powell" Discussed on Marketplace All-in-One

"If it's jerome powell at the helm does anything change do you think on monetary policy on monetary policy jay powell represents a lot of continuity i that i would say his nomination your grip presents an acknowledgement that janet yellen has really done a good job a good job managing is this trying to get interest rates back up in a way that nurtures the economy and isn't destructive is it difficult tradeoff for the fed because interest rates have been very low for a long time on the other hand inflation has remained below the fed's target of two percent uh and the concern is that raising rates to quickly in sony's would would stumped recovery destined to dilemma for chair yellen i think she's managed that you know that challenge very well jay powell if confirmed by the senate would continue cher yellen's approach to monetary policy gradually raising interest rates as the recovery continues sorry to see janet yellen goethe that's how this works i think ever is sorry to see her go and i suspect including jay powell is um uh loaded with her in every instance i think a very good case could be made that she deserves another term but not the political system we have unfortunately given that that reality uh jay powell looks like he he'll be a distinguished said cher so phil if it's not djuro bowel who gets nominated today can we call you back if he's not it will be very interesting to see the the market's reaction but yes please feel free to call me to act.

jerome powell jay powell janet yellen interest rates fed sony senate cher yellen janet yellen goethe two percent