35 Burst results for "Jerome Powell"

"jerome powell" Discussed on KDWN 720AM

KDWN 720AM

02:35 min | 3 d 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.

Trump Justice Department Google Vice President Fed Mike Pence Trump Administration Jerome Powell Twitter Attorney Biden White House President North Carolina Minneapolis free Mobile Microsoft Jude
Mnuchin, Powell Push For Aid to Help Economy Recover

News and Perspective with Tom Hutyler

00:27 sec | 4 d ago

Mnuchin, Powell Push For Aid to Help Economy Recover

"Also a concern with millions of Americans still out of work Fed chair Jerome Powell today telling lawmakers on Capitol Hill there's been improvement from pandemic clothes, including increasing household spending and hiring, But people are still hurting both employment and overall economic activity, however, remain well below their pre pandemic levels and the path ahead continues to be highly uncertain. Cal and Treasury Secretary Steven Mnuchin says that more relief aid is needed to help shore up the economy. GOP

Jerome Powell GOP Steven Mnuchin CAL
Chinese Leaders Split Over Releasing Blacklist of U.S. Companies

WSJ What's News

01:23 min | 5 d ago

Chinese Leaders Split Over Releasing Blacklist of U.S. Companies

"Investors are hoping for a better day today after losses across market yesterday, but it wasn't a typical selloff stocks drop but so did gold and oil are markets editor Quinton web explains why that matters. It was notable various asset classes sold off together. So not surprising no oil sold of two because if you take a gloomy view on the economic outlook, oil is likely to fall in price nights. Villette gold sold off to gold has been wising for most of the year, but it seems also, it doesn't necessarily this year always rise in other markets falling. This is nothing like I should say the panic of where all asset classes because they was selling off. In tandem investors just rushed to raise cash but in this case, gold seems to dipped a little bit alongside stokes. What's notable is we've seen this kind of broader shift in sentiment I think in the last few weeks. So other summer of kind of almost relentless rallies, we've had several weeks now where stocks sorta traded sideways down and this was a very bad start to this week. So it'd be interesting to see how US equities trade throughout the rest of the week. Today. We get Nike's earnings report also Fed Chair Jerome Powell and Treasury Secretary Steven. MNUCHIN. Begin three days of congressional testimony.

United States Markets Editor Quinton Web Nike Jerome Powell Stokes
Fed's Powell says US economy faces long, uncertain recovery

WBBM Evening News

00:14 sec | 5 d ago

Fed's Powell says US economy faces long, uncertain recovery

"Jerome Powell says the economy is improving, but in testimony to be delivered tomorrow before a House panel says it faces a long, uncertain recovery. How will appear alongside Treasury Secretary Stevens?

Jerome Powell Stevens
Fed Signals Low Rates Likely to Last Several Years

San Diego's Morning News with Ted and LaDona

01:00 min | Last week

Fed Signals Low Rates Likely to Last Several Years

"Yesterday about the Fed, indicating it's going to keep rates near zero through. 2023 warns US of risk of the economy because obviously Fed reserve chair Jerome Powell. Eyes flushing out what he sees down the field here. The aim set out in what they call a federal Open Market committee meeting. Eyes to return. The labor market is something like full employment to get inflation. Teo moderately exceed its 2% target. There's a reason for that, because we have to have a stable prices, a cz well as stable, a stable interest rates. So suffice it to say that we're a long way off. Still, because even though the fact that we've got 11 million people that have been rehired That's only half of the total job losses, and that's why the Fed, it's still sort of wringing its hands hear good news is that inflation remains well low below the 2% target. Despite The recent uptick, so we're in pretty good shape. Their markets are going to be a little bit volatile. Today's day. So buckle up coming up on 7 20

FED Jerome Powell
Around 860,000 people filed for first-time jobless benefits last week

Colorado's Morning News with April Zesbaugh and Marty Lenz

00:50 sec | Last week

Around 860,000 people filed for first-time jobless benefits last week

"Report that shows us how many people file for initial unemployment benefits the week before. For the last couple of weeks, the number's been below one million. It is again, the Labor Department says 860,000. Americans file initial claims last week that is down a bit from the week before and about what was expected. Encouraging words from the Federal Reserve. The nation's central bank says it'll keep interest rates near zero for years and take other steps to help the economy recover from the pandemic. The Federal Reserve's response to this crisis has been guided by our mandate to promote maximum and planet and stable prices for the American people. Along with our responsibilities to promote the stability of the financial system that chair Jerome Powell was upbeat about unemployment, He says the fat expects the rate to be 7.6% by the end of this year, better than the 9.3% forecast in June. Airlines

Federal Reserve Jerome Powell Labor Department
European stocks fall, Dow futures slide 300 points as market reacts to Fed

Bloomberg Daybreak

00:28 sec | Last week

European stocks fall, Dow futures slide 300 points as market reacts to Fed

"Air dropping this morning along with US stock index futures after a Federal Reserve chair Jerome Powell highlighted uncertainty about the economic rebound. They check the markets every 15 minutes throughout the trading day on Bloomberg SNP Futures down, 34 points down Futures down 251. NASDAQ futures down 96. FedEx and Germany's down about 7/10 Percent and your Treasury up for 30 seconds. He'll 300.68% yield on the two year 20.13% 9 extrude

Jerome Powell Federal Reserve Bloomberg Fedex United States Treasury Germany
Fed Signals Three More Years of Near-Zero Interest Rates

WSJ What's News

04:48 min | Last week

Fed Signals Three More Years of Near-Zero Interest Rates

"Fed is certainly looking toward a longer term recovery here even though as fed chair, Jerome Powell noted economic activity has picked up since the second quarter what can you tell us about the Fed's latest projections and the decision to hold rates near Zero until at least twenty twenty three. Sure. So this is a pretty remarkable forecast although not entirely surprising given the Fed's new framework that they announced. Recently, they basically said that they're going to keep rates lower for longer. Now, we know with a little bit more specificity that they see them staying near zero as you said, through twenty, twenty three, which is a. Really Long Time they're basically saying that an anticipated raising interest rates again until the unemployment rate is around four percent and an inflation is back up to two percent, which is a lot longer than than they waited during this past expansion in two thousand fifteen when the Fed raised rates unemployment was around five percent and inflation was just around one point three. So that basically means is they WANNA see the economy further along on the path to recovery almost back to you know to it someone call full hall or certainly wear closer to where it was before the pandemic hit before they start raising interest rates again. What are the projections for the remainder of this year? So they they've actually improved somewhat in they. Now project unemployment will average around seven to eight percent during the last three months of the year that's a bit lower from where they saw it in June when they projected about nine to ten percent So remember the unemployment rate hit a high in April of fourteen point seven and it was down to eight point four percent last month. So that's certainly a little bit better but I think that they are also trying to emphasize that the gains that we're seeing now. Or kind of the easy the low hanging fruit. If you will, you know kind of the quick bounceback that you get just from businesses that were closed reopening again but the risk is increasing that you know certain sectors are going to have a harder time coming back a longer recovery. So Powell has said many times that the Fed will use all the tools at can to support the recovery, which he noted has been uneven for Americans. What actions is the Fed planning to take to build on the steps it's already taken to help support the economic recovery especially on even one. Well it's an important question because heading into this crisis, you know a lot of folks were questioning whether the Fed really had enough tools to address a serious downturn and what we've seen so far is that the steps they've taken have been really effective especially the steps that they took in March when there was a lot of financial markets stress, they revamped some emergency credit facilities that they'd use in the last crisis that got. Credit flowing in kind of quality. Some of that volatility rates as we've discussed are very low they're going to stay near zero. They are purchasing making these long term asset purchases of government bonds, securities, and they're going to continue doing that for some some time there a little bit vague today about exactly how long they plan to do that. But that will that will help you know really we heard fed chair Powell say that. That the Fed, the Fed can lend to companies I mentioned another one they're doing they have the mainstream lending program although there hasn't been a lot of a lot of interest in that but they can't just give money directly to people that solely in the purview of Congress and so he reiterated again, we've heard him say this a number of times that what we're experiencing really probably will require more fiscal support more money from the Government to give to people not to just lend to them. But just to give them to help make these improvements that there's only so much. The Fed can really do right in the Fed to stay pretty apolitical here but Powell has noted the impact of the federal stimulus which we know another aid packages currently tied up on Capitol. Hill. But it seems like a pretty clear message that the Fed feels more federal aid is needed. Absolutely. I mean I think that when the economy is bad obviously right now you know there's a public health crisis. It's pretty clear the reasons for that but still to some extent I think we've seen. In past crises historically when things are not going while the Fed tends to get blamed and I'm not saying the federal Powell's comments are politically driven but I think he wants to remind people that that look. Yes. There's only so much. We can do I think there's pressure on the on the Fed there's always pressure on them when the economy is struggling to do more and and I think that smart of him to just remind people that there's another big player in economic policy and that in that if they're concerned enough people on the hill are concern especially about the direction of the economy. Then really they're the ones who also have to play a bigger role. If they want the Fed to do more, they're probably going to do need to do more as well.

FED Jerome Powell Government Congress
Federal Reserve sees rates near zero at least through 2023

AP News Radio

00:42 sec | Last week

Federal Reserve sees rates near zero at least through 2023

"The federal reserve sees interest rates near zero at least through twenty twenty three fed chair Jerome Powell says there have been signs the economy is trying to get back to pre pandemic levels full economic recovery is unlikely until people are confident that it is safe to re engage in a broad range of activities he says it depends heavily on the ability to get control of the virus public input is suggested following the advice of public health professionals to keep appropriate social distances and to wear masks in public will help get the economy back to full strength Powell says with roughly eleven million people out of work he supports more spending by Congress to help the economy recover Congress is deadlocked on a new economic relief bill at Donahue Washington

Jerome Powell Congress Donahue Washington
Fed Signals Interest Rates to Stay Near Zero Through ​2023

Mark Blazor

00:22 sec | Last week

Fed Signals Interest Rates to Stay Near Zero Through ​2023

"Meanwhile, the federal interest rate will continue to stay at roughly 2% for the foreseeable future. That's from Fed chair Jerome Powell today, who said a low interest rate is essential to help the economy recover from the devastation brought on by the cove in 19 crisis, Overall activity remains well below its level before the pandemic. And the path ahead remains highly uncertain.

Jerome Powell
As Fed Meets, It May Need to Consider Unusual Options During Pandemic

WSJ What's News

04:07 min | Last week

As Fed Meets, It May Need to Consider Unusual Options During Pandemic

"The Federal Reserve begins its two day meeting today. It's a chance for chair Jerome Powell to give his assessment as to where things stand with our economy and with the Central Bank can do in the future. The menu of options is unusual. Let's focus on what's most important to understand with our chief economics correspondent Nick Tim Rose Good Morning Nick Good Morning Mark. So Nick, we've seen the Fed lower interest rates now to near zero is the Fed. Running out of tools the answer is yes and no. If you look at what they normally do to spur recovery, they certainly don't have the same conventional toolkit that they have in the past and that is to Cut Short term interest rates they've cut interest rates as you said to near zero. So what tools do they have? Well, what they did after after the two thousand eight financial crisis is they can purchase assets government Treasury securities, mortgage backed securities, which they're doing right now they do that to try to drive down long term interest rates. The long term interest rates are already very low. So they still do have tools they can use, but it's possible that there were just reaching a point of diminishing returns with those post-crisis tools. So with those options on the table already being used, what could the chair do or suggest to try to jump start the economy even further Well, the Fed Chair, and a lot of Fed officials have been outspoken about government spending. So called fiscal policy and the reason for that is once you've already lowered interest rates attend your treasury yield is sitting around point seven percent and so when it's that cheap for the US government to borrow. Spending is much more likely to have an impact in terms of boosting demand. The other reason the Fed is more outspoken than they have been in the past about the need for government spending is that the nature of the current downturn is different from the past. So an economics textbook might say that when a downturn hits the Central Bank can. Stabilize the economy by lowering interest rates. This offsets declines spending on demand, but there's research showing that this stabilization tool isn't as effective in boosting spending when certain sectors of the economy aren't able to operate, and it's in those circumstances where if you can boost spending in those sectors or at least replace lost income even if you can't get people to travel. or to spend money in restaurants, then there's a better chance that you're going to limit the kind of the vicious circle of business owners who can't pay rent means their landlords have less money to maintain their staffs. All of those things can lead to layoffs that really don't have anything to do with containing the threat from the virus. This leads to my next question because the Fed just announced they want to see somewhat higher inflation than in the past and that seems a bit strange. Why would you want this to happen? That's right. The Fed doesn't really desire more or higher inflation as a goal in and of itself. But what they're concerned about is that when when households and businesses expect inflation to be lower inflation expectations are an important and the Fed things very important role determining what inflation actually is. So if you look at economies in Europe and Japan which are stuck with lower interest rates, lower inflation and lower growth, it can be a very difficult. Cycle to break to get people expect prices to be higher when they can see that prices are going up and so this isn't so much about boosting inflation. It's about keeping expectations from falling into that trap where you're constantly fighting against this, you're swimming upstream against the current of ever lower inflation expectations, and so the Fed is trying to reset how participants in the economy expect growth to be in the future to influence their decisions now. Chief economics correspondent Nick Tim Rose in Washington. Nick. Thanks for breaking this down for us. Thanks for having me marked.

Federal Reserve Nick Tim Rose Nick Jerome Powell Nick Good United States Europe Washington Japan
Fed Chair Sets Stage for Longer Periods of Lower Rates

Bloomberg Daybreak: Asia

00:43 sec | Last month

Fed Chair Sets Stage for Longer Periods of Lower Rates

"Fed chair Jerome Powell has unveiled a new approach to setting US monetary policy. Federal let inflation and employment run higher. It's shift that will likely keep interest rates lower for longer. Fact for many years to come. Powell said that the Fed would seek inflation that averages 2% over time. That's a step that implies that prices would be allowed to overshoot after periods of weakness. That also adjusted its you a full employment to permit labour market gains to reach more workers in the U. S economy afterwards, the Treasury yield curve steep into the widest in two months. The long bond yield above 1.51%. And right now, the 10 year yield is at 76 basis points

Jerome Powell FED United States
Fed's Elevation of Employment Goal Reflects a Changed World

AP 24 Hour News

00:32 sec | Last month

Fed's Elevation of Employment Goal Reflects a Changed World

"Department says Just over one million people file claims for unemployment benefits last week it's assigned the Corona virus pandemic continues to threaten jobs. Fed Chairman Jerome Powell is aware of the numbers. Revised statement emphasizes that maximum employment is a broad based and inclusive goal. This change reflects our appreciation for the benefits of a strong labor market, particularly for many in low and moderate income communities. Powell says The Fed plans to keep interest rates near zero even after inflation has exceeded the Fed's 2% target level.

FED Jerome Powell Chairman
Fed sees interest rates staying near zero through 2022, GDP

Stansberry Investor Hour

02:21 min | Last month

Fed sees interest rates staying near zero through 2022, GDP

"Bloomberg is reporting that the Federal Reserve is likely to hold interest rates at zero. For five years. Now the Fed hasn't made this announcement yet. In fact, by the time you're hearing my voice maybe they may have made it maybe not I'm not sure. So it right now it's in this kind of limbo where lots of serious financial people are taking this as Gospel but we haven't heard the official announcement and you know this stuff leaks out. So here we are, but you know something I have to believe it. Because Jerome Powell is a fed chairman is like he's The let's it against the wall and see what sticks guy, right so I believe this I believe that they're going to try to signal to the market. Don't worry about anything. We're going to keep rates low near zero for five years. I believe this even if it doesn't turn out to be completely true like you know. One two, three, four, five years from now whatever. It's still it's the idea of believing that they intend this kind of signaling. Or something like it right and it's it's their way of throwing up their hands and saying. We really don't know what to do and you know something there's honesty in this we've talked about this before with the Fed actually talked about it with the European Central Bank and the Fed. And you know when remember we talked about Mario Draghi and he said back in with God it was twenty twelve or something. He said you know we'll do whatever it takes, and then he said I think it was twenty fourteen or sixteen or something whatever years ago he said don't worry you know negative interest rates will not collapse the financial system and we said it was Shakespearean Right. It's it's a kind of telegraphing of the truth it has more truth than the actual truth. It. Has More truth in it than if Draghi had said. This could result in a huge crash down the line but right now we don't know what else to do. And that's what this five year fed holding the interest rate near zero thing does. It's got more truth and more information in it. than. Than? At first blush.

Federal Reserve Mario Draghi Jerome Powell Bloomberg European Central Bank Chairman Official
stocks mixed ahead of U.S. Fed chair's speech

WBBM Morning News

00:32 sec | Last month

stocks mixed ahead of U.S. Fed chair's speech

"Stocks moving a little bit better here today is a Federal Reserve chairman Jerome Powell rolled out an aggressive new strategy. To restore the adopted states to full employment and lift inflation back to healthier levels. Under the new approach, the Fed laid out a Goal at monetary policy strategy approved by all 17 of the Fed policymakers that the central bank will seek to achieve inflation, averaging 2% of her time, offsetting the negative reading right now. And to ensure employment doesn't fall short off its maximum level.

FED Jerome Powell Chairman
Coins and Cash: Shortages, Hoardings, and Threats

Money For the Rest of Us

03:54 min | Last month

Coins and Cash: Shortages, Hoardings, and Threats

"Walking money for the rest of us. This is a personal finance show on money how it works how to invest it, and how to live without worrying about it. I'm your host David Stein today's episode three, Zero Eight. It's titled Cash Coins. shortages. Forty and threats. Weeks ago, my daughter and I were at a bakery buying a couple of loaves of bread. We didn't have the exact change and they didn't have the coins to make chain. So they rounded down, we got a small discount. This week I was going through the McDonald's drive through, and there was a sign that said due to treasury shortage of coins, use credit or debit cards. Round up to the nearest dollar, donate the different to Ronald McDonald house charities or use exact change on cash transactions. There is a coin shortage in the US right now. Federal Reserve Chair Jerome Powell told Congress last month. What happened is that with the partial closure of the economy, the flow of coins through the economy, it has gotten all. It's kind of stopped. We've been aware of it. We're working with the meant to increase supply while working with the reserve banks to get this apply to where it needs to be. The Agency of the US Treasury responsible for minting coins is the US. Meant it was established in seventeen ninety two by Congress when it passed the coinage Jack and it chose Philadelphia as the site of the I meant. Now, the US mint operates production facilities in Philadelphia, San, Francisco Denver, and West Point. Every two years, Congress requires US Treasury to give a report on the US mint its budget and its cost to produce its coins. In twenty twenty, the US meant projected that it would produce fourteen billion circulating coins. Including eight and a half billion pennies. One point, three, billion Nichols two point, four, billion times. One Point, eight, billion quarters. Now. Due to the coronavirus pandemic, the US mint cut back production of circulating coins in March and April. Year to date through July, they had produced eight point, two, billion coins. They said, they were back up to full capacity by mid. June anticipate producing one point six, five, billion coins per month. That would equate eighteen point, one, billion coins. But here's the thing about circulating coins in the US and other countries. The meant only contributes a relatively small percentage of the new circulating coins each year twenty, nineteen, it was seventeen percent. New. Coins. Going into the supply chain? The remainder came from third party coin processors are recyclers as individuals by things they get back and there are machines where you can put your spare change and it will sort it and this recirculating process. Make sure there is a sufficient supply of coins that has broken down. A couple of weeks ago, meant issued a bulletin, which said, we ask that the American. Public start spending their coins, depositing them or exchanging them for currency at financial institutions or taking them to a coin reduction kiosk. The coin supply problem can be solved with each of us doing our part. This isn't the first time that there has been a coin shortage. There was one in the early nineteen sixties in the US.

United States Us Treasury Congress Twenty Twenty Ronald Mcdonald West Point David Stein Federal Reserve Mcdonald Jerome Powell Nichols Philadelphia Francisco Denver SAN
America's economy just had its worst quarter on record

Morning Edition

02:10 min | 2 months ago

America's economy just had its worst quarter on record

"Contracted grotesquely, as measured by the gross domestic product figures out just now. It fell in an annualized rate of nearly 33% in the April to June pandemic quarter, the worst at the worst of the 2008 financial crisis. That drop was 8.4%. Meanwhile, another 1.4 million people signed up for state unemployment benefits in the last week, the second week in a row where that number went up. Democrats and Republicans appear no closer to reaching a deal on a Corona virus relief bill. The extra $600 a week in unemployment supplement officially ends tomorrow. Federal Reserve chair Jerome Powell is among those urging Congress to act. Marketplaces Nancy Marshall Ganz ER was on the Federal Reserve's video conference yesterday. What did Mr Powell say about this? Well, he held a news conference yesterday at the end of the Fed's two day meeting, and they decided to keep interest rates near zero by the way. But even in his opening statement, Powell said the Fed doesn't make grants. It can only loan money. And sometimes loans aren't the answer. He said several times that fiscal support that is what Congress does is needed. Now did Powell specify what type of congressional spending he was talking about? Powell said. It's going to take a while for the hardest hit parts of the economy to recover so businesses that rely on people being together in public spaces, places like restaurants and hotels. They may not be able to hire everyone back. There just won't be enough jobs and palace says That's where Congress comes in. I think those people are going to need support. I can't say what the exact level should be. It's not our role, but they're going to need support if they're to be able to pay their bills to continue spending money to remain in their current Rental house or your apartment or house if they own it, so I think there will be a need. You heard there that pal wouldn't talk specifically about the $600 a week unemployment supplement that's expiring, but it's clear he is worried about how people who've lost their jobs are going to support themselves. Marketplaces. Nancy Marshall, Guns are covering Washington. Thank you very much. You're

Jerome Powell Federal Reserve Congress Nancy Marshall Ganz Er Nancy Marshall Washington
Why Is There a Coin Shortage in America?

BrainStuff

03:32 min | 2 months ago

Why Is There a Coin Shortage in America?

"At grocery stores, convenience stores and hardware stores across America. Curious signs are popping up asking customers to pay with credit cards, debit cards, or exact change. Is it because cashiers don't want to handle physical dollars and sense that could be contaminated with the coronavirus? nope. It's because the United States is currently experiencing a coin shortage. So? Where have they gone? America's pennies, nickels, dimes and quarters haven't disappeared. The covid nineteen pandemic has simply disrupted the normal cycle of coin circulation. According to the US Treasury, there were forty seven point, eight, billion dollars, worth of coins in circulation as of April twenty, twenty, which was actually four, hundred, million dollars more than April, two, thousand nineteen, but those coins are not moving through the economy like they should be. The Federal Reserve gives several reasons as to why this is happening. Banks and businesses nationwide closed their doors during the lockdown phases of the pandemic including cash and coin heavy sectors like convenient stores, public transit, and laundromats. The US mint also slowed its production of new coins during the early stages of the pandemic as staff was reduced for safety reasons. The men's Philadelphia and Denver Location's. Even as the economy reopened, consumers are opting for contactless payment and generally using less cash and coins. Meaning more coins are sitting at home in Mason, jars piggy banks, and under couch cushions. So. What does this mean? Retail stores are feeling the pinch of inconvenience and passing it along to their customers. The national, Grocers Association and several other retail industry trade groups sent a strongly worded letter to Federal Reserve Chair Jerome, Powell and Treasury Secretary Steve Mnuchin in late June saying that the federal rationing of coin shipments to banks quote threatens the functioning of our member businesses and by extension the needs of our customers. In their letter, the group cited economic statistics showing that cash is still very much can in certain sectors and among certain consumer demographics, for example, between forty five to sixty percent of sales at grocery stores and convenience stores are cash payments, nearly half of all transactions of ten dollars or less are paid in cash and consumers with an annual household income of twenty, five, thousand dollars or less pay in cash for forty, three percent of their transactions. So what's the solution? The long term solution is to wait for the economy to return to normal at which point coins will naturally flow back into circulation. But in the meantime, the Federal Reserve and the US meant are taking action. The meant has ramped up coin production outpacing its usual one, billion coins a month with one point, two, billion coins in June and one point three, five, billion a month for the rest of twenty twenty, according to The New York Times. The Federal Reserve announced in June that it was rationing out its inventory by sending banks and credit unions smaller than normal coin shipments based on historical demand. The Fed also convened an emergency, US coin task, force composed of government and industry leaders including banks, an armored car companies. The task force is expected to come up with a set of recommendations by the end of. July. One of the task forces early accomplishments was to create the Hashtag get coin moving which banks and credit unions are plastering across twitter to encourage people to cash in their piggy banks to get more coins back in circulation.

Federal Reserve United States America Us Treasury Twitter Philadelphia Denver Location Grocers Association Steve Mnuchin Powell The New York Times
Fed, Treasury Disagreements Slowed Start of Main Street Lending Program

WSJ What's News

00:35 sec | 2 months ago

Fed, Treasury Disagreements Slowed Start of Main Street Lending Program

"We are reporting disagreements between leaders at the Federal Reserve and the Treasury Department slow the start of a lending program aimed at helping small and mid sized businesses at issue, the term of the loans under the six hundred billion dollar main street lending program the Fed favored easier terms. The Treasury preferred a more conservative approach that's according to government officials. Treasury Secretary Steven Mnuchin, said the back, and forth was part of the process, and not because of disagreements, Fed Chair Jerome Powell said in June that the to work closely together and have been willing to learn from the experience.

Treasury Treasury Department Federal Reserve Chair Jerome Powell Steven Mnuchin
"jerome powell" Discussed on KXNT NewsRadio 840 AM

KXNT NewsRadio 840 AM

02:57 min | 4 months ago

"jerome powell" Discussed on KXNT NewsRadio 840 AM

"Later that's federal reserve chair Jerome Powell's advice to the White House and Congress in the midst of the corona virus economic meltdown additional fiscal support could be costly but worth it if it helps avoid long term damage and leaves us with a strong recovery in a webcast pal said the pandemic poses long term harm to the economy but jobless levels should decline as states re open businesses house Democrats will vote Friday on a new three trillion dollar virus relief bill that includes money for state and local governments New York mayor bill de Blasio this is exactly the kind of assistance that we need to get able to move forward again the virus death toll in the U. S. is now over eighty two thousand and health experts warn it will go higher if states re open too quickly Johns Hopkins Dr Tom Ingalls bee is appearing at a house hearing this hour on CBS this morning he talked about the way forward we really need to build contact tracing around the country that's going to be our key capacity for the next six months to a year we have to really be able to find cases for diagnostics and be able to trace the contacts former trump campaign chairman Paul man afford convicted in the Russia investigation is getting a big break he's been sprung from prison because of the virus threat legal analyst Jonathan Turley in a curious way Paul man afford maybe one of the greatest beneficiaries of these pandemic orders he has seven and a half years remaining on his sentence but he will now be able to serve much if not all of that from the considerable comforts of his family residence Washington DC is extending its pandemic lock down it was to end in two two days but has been extended into June Washington DC mayor Muriel Bowser has decided to extend the stay at home order in the nation's capital that was to end this Friday we will extend through Monday June the eighth but she says based on the data over the next month I can't revise this order at any time to reflect a phased re opening Washington has reported about sixty six hundred cases and three hundred fifty deaths so far it comes as the White House continues its push for states to reopen businesses back Piper CBS news Washington in New Jersey nonessential businesses will be allowed to open next week for curbside pickup on Wall Street the Dow was down five hundred thirty points nasdaq is off one eighty three this is CBS news you can listen to CBS news radio twenty four hours a day seven days a week on radio dot com or the radio dot com app download it today hi everyone it's Paul I had a friend of Anna's evening news here on K. X. N. T. just a genuine thank you thank you to the first responders and frontline workers all over the valley you.

Jerome Powell
"jerome powell" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:47 min | 1 year 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 | 1 year 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 | 1 year 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 | 1 year 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 | 1 year 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 KNX 1070 NEWSRADIO

KNX 1070 NEWSRADIO

02:15 min | 1 year ago

"jerome powell" Discussed on KNX 1070 NEWSRADIO

"Chairman Jerome Powell offered good news to investors, including a hint, the fed might leave interest rates alone continued solid growth low unemployment and inflation remaining near two percent. There's a great deal to like about this outlook CBS business analyst Jill Schlesinger explains. Why his comments brought some optimism more recently Drome Palo has basically said that they had a long way to go in terms of raising rates. So this was a real step back from that it made investors perhaps think that we'll have a rate hike in December. But after that, not so sure investors had been worried that the nine year bull market could come to an end if rates rose too fast those concerns contributed to the huge slump in the market in October. And earlier this month. We're learning more tonight about how President Trump answered special counsel, Robert Muller's questions in the Russian election meddling probe. He turned in the answers last week. But only now we're details coming out CBS's. Paula reed. CBS news has learned some of the first details about what the president told special counsel investigators in written answers, Mr. Trump said that to the best of his recollection. He did not know about WikiLeaks plan to release hacked democratic emails during the two thousand sixteen campaign and that he did not know about the two thousand sixteen Trump Tower meeting attended by campaign chairman, Paul Manafort, Donald Trump junior Jared Kushner and a Russian lawyer promising dirt on Hillary Clinton also today, President Trump told the New York Post a pardon for his former campaign chairman, Paul Manafort is still on the table this after prosecutors accused Manafort of repeatedly lying in the investigation, which violated a plea agreement. Manafort says he told them the truth. Nancy Pelosi was nominated by her fellow Democrats to get her old job back. A speaker of the house today was so inspiring to hear my colleagues place my name in nomination, but she faces a challenging boat with the full house convenes in January. In Texas today. Prosecutors searched the archdiocese of Galveston Houston in an investigation of a sex abuse case against a pres father Manuel Rosa Lopez has been removed from the ministry after two people accused him of sexual abuse when they were teens Montgomery County DA Brett league and says archbishop Daniel DiNardo was cooperating, but one of the reasons why the.

Mr. Trump CBS chairman Paul Manafort Donald Trump Trump Tower president Robert Muller special counsel Manuel Rosa Lopez Nancy Pelosi fed Jill Schlesinger archbishop Daniel DiNardo Drome Palo Jerome Powell business analyst Paula reed Hillary Clinton
"jerome powell" Discussed on CNBC's Fast Money

CNBC's Fast Money

03:35 min | 2 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 | 2 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 | 2 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 | 2 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 | 2 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 | 2 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