Fed, Jerome Powell
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Fed Chair Jerome Powell will have to steer his way through a suddenly very contentious atmosphere among policymakers that will make whichever direction the Fed chooses divisive. While Wall Street economists were split over whether the FOMC will in fact approve another reduction at the Dec.
The Fed leader discussed the reasoning behind the central bank’s decision to cut rates at its second straight meeting as well as the move to stop shrinking its multitrillion-dollar asset portfolio.
Federal Reserve Chair Jerome Powell drew a stark picture of a labor market that looks fine on the surface—4.3% unemployment, solid consumer spending—but is quietly losing momentum underneath. Once you adjust for statistical overcounting in the payroll data,
Jerome Powell doesn’t see an AI bubble. That seems like the bigger takeaway versus the fact the Federal Reserve did what everyone expected by cutting interest rates by 25 basis points. And while stocks dipped after Powell said another move lower in December wasn’t a sure thing, even that felt negligible in comparison.
Enormous capital expenditures in artificial intelligence technology and data centers are helping to drive growth in the U.S. economy and stock market, but Powell said Wednesday that he doesn’t expect interest-rate policy to have much effect on these plans.
Stocks reversed their gains Wednesday, with all three indexes veering into the red, after Fed Chair Jerome Powell threw cold water on Wall Street's hopes of an additional rate cut in December. "A further reduction in the policy rate at the December meeting is not a foregone conclusion--far from it,
US Treasuries consolidated Wednesday’s losses, when Federal Reserve Chair Jerome Powell cast doubt on whether policymakers would deliver a third consecutive interest-rate cut in December.
Glen Powell is constantly in casting rumors for numerous superhero movies. Despite what the fans want, Powell is not chasing roles in Marvel or DCU. Why won’t Glen Powell be in superhero movies? Powell spoke to Collider about his appreciation for superheroes and their importance in society.