Items Tagged with 'Jerome Powell'

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  • Trump "not thrilled" with interest rate hikes

    In an interview with CNBC, Trump criticized the Fed's decision to raise interest rates
    President Donald Trump says he is "not thrilled" with rising interest rates and that he is "frustrated" with the Federal Reserve. The president said he fears raising interest rates could jeopardize the economic recovery.
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  • Powell: Housing not the economic driver it once was

    Says housing industry isn’t as big as it once was
    Federal Reserve Chair Jerome Powell returned to Capitol Hill on Wednesday for this second appearance of the week. During his hearing before the House Committee on Financial Services, Powell explained that the housing industry simply isn’t the economic driver that it once was and actually doesn’t have much pull in monetary policy decision making.
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  • Fed Chair Powell: GSE reform essential for U.S. economy

    Testifies before Senate on current state of economy
    Tuesday, Federal Reserve Chair Jerome Powell gave his semi-annual congressional testimony before the Senate Committee on Banking, Housing and Urban Affairs. And while Powell didn’t provide many specific details, he stated his belief that it would be healthy for the economy to see GSE reform move forward.
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  • Monday Morning Cup of Coffee: Federal Reserve Board to vote on lifting Wells Fargo’s growth restrictions

    Plus St. Louis Fed President James Bullard says further rate increases aren’t necessary
    Following pressure from Sen. Elizabeth Warren, Federal Reserve Chair Jerome Powell has indicated that the Fed's Board of Governors will hold a vote to decide whether or not to lift growth restrictions placed on the megabank. Plus, here's why Capital One putting a stop to mortgage lending is good for its investors.
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  • Fed’s Powell reportedly names two senior advisers

    Names monetary policy specialists Jon Faust and Antulio Bomfim to senior adviser roles
    Recently confirmed Federal Reserve Chairman Jerome Powell has reportedly made his first staff moves, naming monetary policy specialists Jon Faust and Antulio Bomfim to senior adviser roles. Both Faust and Bomfim have previously held roles at the central bank.
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  • Senate Banking Committee approves Powell to lead Fed

    All but one Senator voted for his nomination
    As expected, the Senate Banking Committee overwhelmingly approved Jerome Powell Tuesday to lead the Federal Reserve. All the panel’s Republican and Democrat members voted for Powell except one single Democrat, and now, this bipartisan support all but seals Powell’s future as Federal Reserve Chair.
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