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February 21, 2020
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Jerome Powell

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Trump Fed nominee Judy Shelton hammered by Dems at confirmation hearing

CNBC
CNBC – For more and to sign up click here Federal Reserve nominee Judy Shelton faced a blistering confirmation hearing Thursday, as senators grilled her over her views on central bank independence, the gold standard and whether the money that people deposit at banks should be insured. Facing a barrage......
CNBC Business

Dow futures up 140, Bed Bath & Beyond tanks, Powell ahead

CNBC
CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters This is a live blog. Check back for updates. 9:03 am: Here are Wednesday’s biggest analyst calls......
CNBC Business

Bitcoin price rises as Fed Chair Powell discusses cryptocurrencies

CNBC
CNBC – For more and to sign up click here Bitcoin hit its highest level this year and also in five months on Wednesday, jumping above $10,000 and continuing the recent bull run for the cryptocurrency. In the early morning on Wednesday, bitcoin hit $10,489.78, the highest price it has......
CNBC Business

The ECB and Fed are hoping the public will give them a new direction

CNBC
CNBC – For more and to sign up click here European Central Bank President Christine Lagarde. Chip Somodevilla | Getty Images News | Getty Images Central banks are experiencing a soul-searching moment as they look to strengthen their popularity after the global financial crisis — an exercise that could ultimately......
CNBC Business

What happened to the stock market Tuesday: Stocks hit records

CNBC
CNBC – For more and to sign up click here Dow Jones Industrial average flat The Dow closed flat at 29,276.34. The S&P 500 advanced 0.17% to 3,357.75. The Nasdaq Composite gained 0.11% to 9,638.94. The major averages hit intraday records before retreating from those levels. Record highs, but coronavirus......
CNBC Business

Dow futures up 100, Powell testimony ahead, Under Armour drops

CNBC
CNBC – For more and to sign up click here Kevin Plank, founder and chief executive officer of Under Armour Inc., speaks during the 2017 Consumer Electronics Show (CES) in Las Vegas, Nevada, U.S., on Friday, Jan. 6, 2017. Patrick T. Fallon | Bloomberg | Getty Images This is a......
CNBC Business

Markets are putting pressure on the Federal Reserve for at least one rate cut

CNBC
CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Federal Reserve officials this week affirmed their commitment to staying put on interest rates for the time being, but markets have other......
CNBC Business

Fed may soothe market fears about coronavirus with steady rate policy

CNBC
CNBC – For more and to sign up click here The Fed is not expected to take any action on its benchmark fed funds rate this week, but it is likely to reassure markets that it is watching the outbreak of the coronavirus and other geopolitical uncertainties. Fed Chairman Jerome......
CNBC Business

Trump says GDP, Dow would be higher if it weren’t for the Fed

CNBC
CNBC – For more and to sign up click here President Donald Trump told CNBC on Wednesday that U.S. economic growth would have been closer to 4% if it weren’t for the lingering effect of Federal Reserve rate hikes. “That was a big blip that should not have taken place. It......
CNBC Business

David Tepper and Stanley Druckenmiller still bullish on stocks

CNBC
CNBC – For more and to sign up click here Billionaire investors David Tepper and Stanley Druckenmiller told CNBC on Friday they remain bullish on the market even as stocks keep hitting record highs. Tepper, the Appaloosa Management founder, exclusively emailed “Squawk Box” co-host Joe Kernen, saying, “I love riding......
CNBC Business

Two Fed moves have boosted stocks, but they could come with a price

CNBC
CNBC – For more and to sign up click here The stock market has picked up 2020 pretty much where 2019 left off, thanks in large part to two key Federal Reserve moves that could keep the rally going, at least until something goes wrong. Amid an already strong backdrop......
CNBC Business

The Fed shouldn’t rule out using negative interest rates

CNBC
CNBC – For more and to sign up click here The Federal Reserve should consider negative interest rates as a potential weapon to fight future economic downturns, former central bank Chairman Ben Bernanke said. In a blog post released over the weekend, Bernanke cited the benefits of at least keeping......
New York Post

Reader disagrees with view of Jerome Powell, Trump relationship

NYPost
New York Post – For more and to sign up click here Dear John: I disagree with you. Federal Reserve Chairman Jerome Powell has already caved in dramatic fashion by cutting rates in the back half of 2019. At some point, the economy will turn lower, perhaps with conviction. Powell......
CNBC Business

Months before he died, Volcker ripped into Trump and ‘nihilistic forces’ undermining confidence in the US

CNBC
In an afterword to a paperback release of his autobiography, the legendary former central bank chief called out the president Source link: Click here for more...
CNBC Business

November jobs report proves Fed was right on rate cuts, former top official says

CNBC
“They certainly don’t need to ease to help the labor market. It’s doing great all by itself,” says former Fed vice chairman Donald Kohn. Source link: Click here for more...

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