Jerome Powell

No Image

Fed’s Bullard sees cryptocurrencies shifting US financial system – One America News Network

FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo July 19, 2019 NEW YORK (Reuters) – Cryptocurrencies are changing the U.S. currency system in ways that may facilitate illegal activity and instability in prices, St. Louis Federal Reserve President James Bullard…


No Image

How’s Your Stock Portfolio Doing? Depends on Where You Live.

Fascinating research from JPMorgan reveals that although the stock market is booming, the performance of your individual portfolio depends heavily on what state you live in. That’s because U.S. investors living in different regions tend to favor some S&P 500 sectors over others. Your Stock Portfolio Likely Has a Hidden Regional Bias According to JPMorgan’s…


No Image

Dow Ekes Out Gains Without Rate Cut as Defiant Powell Defends His Job

Published: 19/06/2019 16:05 EST. Journalist: By CCN Markets: The Dow Jones Industrial Average was meandering in and out of positive territory as investors digested a fascinating Federal Reserve meeting. In the end, stocks managed to hold onto gains, with the Dow closing at 26,504, up fractionally. By keeping rates on hold, Chairman Jerome Powell faced…


No Image

Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years

Published: 17/06/2019 15:30 EST By CCN Markets: The Dow and broader U.S. stock market rose on Monday, as investors shifted focus to a high-profile central-bank meeting that could lay the groundwork for the first interest rate cut in more than a decade. Dow Holds Gains; S&P 500, Nasdaq Follow All of Wall Street’s major indexes…


No Image

Federal Reserve holds interest rate again, reiterates patience on future path

Federal Reserve officials left their main interest rate unchanged and continued to pledge patience as they grappled with conflicting currents in the U.S. economy.Central bankers, who’ve been slammed by President Donald Trump for not doing more to support the economy, took note of livelier growth while acknowledging weak inflation.The committee repeated language from its previous…




Fed sees no 2019 rate hikes, plans September end to asset drawdown

Fed sees no 2019 rate hikes, plans September end to asset drawdown

Federal Reserve officials scaled back their projected interest-rate increases this year to zero and said they would end the drawdown of the central bank’s bond holdings in September after holding policy steady on Wednesday.The median rate projection of Fed officials compared with two hikes in the December forecasts, which spooked investors at the time. In…