Trump, Powell and Fed building
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By stubbornly refusing to lower interest rates despite ample data urging him to do so, Fed Chairman Jerome Powell is committing his third major policy blunder in six years. If he continues this tight-money path through the July 29 Fed meeting, “Too Late” Powell will go down as the worst Fed chair in history.
If Jerome Powell is worried about accelerating inflation, he sure didn’t show it at his press conference Wednesday after the Federal Reserve’s latest policy meeting. The Chairman expressed ...
Maybe that’s why Powell keeps getting it wrong. He’s not an economist; has he instead become a politician? That’s the view of President Trump, who is pushing Powell to lower interest rates ...
To allow an individual, or group of rogue political insiders to second guess professionals at the Fed would be a monumental mistake.
Fed Chair Jay Powell is scheduled to speak Friday morning. Read why he's likely to signal no rate cuts in 2023.
Brett Arends's ROI Opinion: Trump has made it (almost) impossible for Powell to cut interest rates Without an independent Fed, there probably won’t be as many bond investors in future. People ...
In our opinion, Powell was too dovish on Friday, and needlessly so, because the labor market has simply normalized after pandemic-related effects rather than cooled in response to economic weakness.
Market volatility fits into neither of those buckets so far. Jonathan Levin is a Bloomberg Opinions columnist focused on US markets and economics.
Brett Arends's ROI Opinion: Trump attacking Fed Chair Jerome Powell is a public relations ploy — and it’s working And that’s one reason why he probably won’t try to fire Powell
Last September, when Powell cut rates, it was running at 2.7 percent. The job market has shown some cracks.