jerome

Jerome Powell — ‘Trump can’t legally fire me. I’m feeling pretty good.’ ‘And I will not resign if asked.’

The Federal Reserve trimmed interest rates by a quarter point, bringing the target rate range to 4.5% to 4.75%. Fed Chair Jerome Powell said he was “feeling good” about the economy. He also said he would not step down from his post if President-elect Donald Trump asked him to do so. https://www.cnbc.com/2024/11/07/fed-meeting-live-updates-traders-anticipate-november-rate-cut.html Federal Reserve Chairman …

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Federal Reserve Chair Jerome Powell says the Fed can cut interest rates but it can’t fix the housing crisis

The Federal Reserve delivered its first interest rate cut in more than four years yesterday. It was a declaration of victory over once hot, hot, hot inflation. And mortgage rates responded by fluctuating in kind of a weird way. The average 30-year fixed weekly rate dropped from 6.2% to 6.09% and the daily rate rose …

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All eyes on Mr. Rate Cut, Jerome Powell.

Fed Must Decide If Quarter-Point Cut Will Be Enough for Workers (Bloomberg) — The Federal Reserve is set to begin unwinding its tightening campaign this month as inflation cools and the labor market slows. The big question policymakers now face is whether a small interest-rate cut will be enough to keep the economy in expansion …

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Navarro lays out Trump’s plan for the first 100 days. Jerome Powell will be fired, almost immediately.

Federal Reserve Chair Jerome Powell would be gone in the first 100 days of a second Donald Trump term that would also include mass deportations of undocumented immigrants and more tariffs on Chinese goods, former White House economic adviser Peter Navarro told Semafor from the federal prison where he is serving a four-month sentence for …

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Jerome Powell on Stagflation

By Martin Armstrong “I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come down for a “soft landing.” He believed we would enter the year and see numerous cuts due to waning inflation coming closer …

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Looks like Jerome Powell might have to resign…

In a surprising leak, a hidden camera reveals a conversation within the Federal Reserve, casting doubts on Jerome Powell’s leadership. Aurel Hizmo, a Principal Economist at the Federal Reserve, is caught discussing Powell’s legacy, suggesting a concerning trend of politicization within the institution. Hizmo’s remarks hint at Powell’s alleged political bias, implying that his decisions, …

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Jerome Powell Breaks Silence: Unprecedented Critique of Congress Signals a Shift in Approach

The recent change in Jerome Powell’s approach is indeed noteworthy. Having refrained from criticizing Congress during the extensive $6 trillion COVID spending period, his newfound willingness to do so suggests a shift in tone and approach. 5 years late, Jerome Powell finally admits maybe federal spending is a problem. When your professional counterfeiter is worried …

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