• Dow breaches 27,000; healthcare in spotlight after Trump's decision on rebate

    6 days ago - By Reuters

    U.S. stocks rose on Thursday on improved bets of an interest rate cut following Fed chief Jerome Powell's dovish remarks, while healthcare stocks were mixed after the Trump administration withdrew a rule that would kill rebates.
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  • Ocasio-Cortez finds herself on same side as Trump regarding the Federal Reserve

    6 days ago - By CNBC

    Larry Kudlow praised Rep. Alexandria Ocasio-Cortez after she urged Fed Chair Jerome Powell to keep monetary policy loose.
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  • What A Fed Rate Cut Would Mean For Your Pocketbook-And Your Mortgage

    6 days ago - By Forbes

    Federal Reserve Chair Jerome Powell shook the financial world yesterday, hinting before Congress that a federal funds rate cut might soon be on the horizon. But what would that mean for the average American's pocketbook?
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  • Dow tops 27,000, healthcare in spotlight after Trump's decision on rebate

    6 days ago - By Reuters

    U.S. stocks edged higher on Thursday on improved bets of an interest rate cut following Fed chief Jerome Powell's dovish remarks, while healthcare stocks were mixed after the Trump administration withdrew a rule that would kill rebates.
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  • Trump's top economic advisor just applauded Alexandria Ocasio-Cortez for her questions about low unemployment to Fed Chair Jerome Powell

    Trump's top economic advisor just applauded Alexandria Ocasio-Cortez for her questions about low unemployment to Fed Chair Jerome Powell

    6 days ago - By Chron

    Jacquelyn Martin/AP Images
    Economists and leaders on both sides of the aisle are debating if the Phillips curve, a theory which says that unemployment and inflation have an inverse relationship, applies to the US economy.
    When questioned by Rep. Alexandria Ocasio-Cortez, Federal Reserve Chairman Jerome Powell said at a congressional hearing that estimates of the lowest sustainable unemployment rate have been too high.
    Larry Kudlow, the top economic advisor to President Trump, has also ditched the Phillips curve.
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  • Stocks rise on firm rate-cut expectations though trade worries loom

    6 days ago - By Reuters

    A broad index of stocks around the world edged higher on Thursday as comments from Federal Reserve Chairman Jerome Powell bolstered expectations for an interest-rate cut, though concerns about global trade tensions capped gains.
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  • The Fed chairman says the relationship between inflation and unemployment is gone

    6 days ago - By CNBC

    Federal Reserve Chairman Jerome Powell said the relationship between unemployment and inflation has collapsed.
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  • The Latest: Powell on unemployment and inflation

    6 days ago - By Chron

    WASHINGTON - The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to Congress. :
    10:55 a.m.
    Federal Reserve Chairman Jerome Powell says before the Senate Banking Committee that very low unemployment rates no longer necessarily push up inflation. A relationship between the two existed "50 years ago" but that has gotten "weaker and weaker and weaker," Powell said.
    Powell's comments in a second day of testimony on Capitol Hill suggest the Fed is more comfortable keeping short-term interest rates low and suggests that Fed policymakers may...
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  • Bitcoin slides after Fed chair says Facebook's cryptocurrency raises ‘serious concerns'

    6 days ago - By Washington Post

    Federal Reserve Chair Jerome H. Powell said Facebook's planned Libra cryptocurrency poses potential risks to the stability of the financial system.
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  • Watch day two of Fed Chairman Jerome Powell's testimony to Congress

    6 days ago - By CNBC

    Federal Reserve Chairman Jerome Powell resumed his two-day semiannual testimony to the Senate Banking Committee on Thursday.
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