Jay Powell went to Capitol Hill today for his first congressional testimony as Fed Chair. In addition, he submitted the Federal Reserve's annual Monetary Policy Report to Congress. A lot of ground was covered in his testimony, follow-up questions, and in the report. Show More Summary
Fed Chair Jay Powell said he was going to pursue rate normalization (aka, letting rates rise). And he seems to be a man of his word: The post Fed Decreases Balance Sheet By $17 Billion (Half T-Notes, Half Agency MBS, Adds $1.8 Billion In Inflation Protection) was originally published at The Wall Street Examiner. Follow the money!
In advance of his first testimony before the House at 10am today, Fed Chair Jay Powell released his prepared remarks moments ago, as "some of the headwinds the U.S. economy faced in previous years have turned into tailwinds" and that...Show More Summary
Big Jay Powell might want to save himself some time and just watch what Erdogan is doing.
Stocks enjoyed a brief pop, which was immediately retraced, when moments ago the Fed released new chair Jay Powell's prepared remarks from his Ceremonial Swearing in - his first public statement since replacing Yellen and since lastShow More Summary
That guy really knows how to make central banking pay.
Just two weeks after President Donald Trump announced that Fed Governor Jerome “Jay” Powell would be his pick to succeed Janet Yellen as chairman of the Federal Reserve, he is appearing today before the Senate Banking committee in a confirmation hearing that’s viewed as a virtual certainty. The hearing begins at 10 am ET. Show More Summary
I got a great comment this week from reader Steve, on my post about why the appointment of new Fed Chair Jay Powell just doesn't matter. Steve wrote: Lee your commentary is always intended to be fact based and well informed. Thanks. It does appear at the moment that your shorting call based upon liquidity is too early. Show More Summary
Authored by MN Gordon via EconomicPrism.com, The gray hue of dawn quickly slipped to a bright clear sky as we set out last Saturday morning. The season’s autumn tinge abounded around us as the distant mountain peaks, and their mighty rifts, grew closer. Show More Summary
It is said that the markets will test a new Fed Chair early on and judging by the fact that financial conditions just tumbled to their 'easiest' in 24 years - despite four rate hikes - Jerome Powell will have his work cut out persuading...Show More Summary
The president just announced his pick to chair the Federal Reserve System. Subject to Senate confirmation, current Fed governor Jerome “Jay” Powell will succeed Janet Yellen as Fed chair in February 2018. Market reaction to this announcement...Show More Summary
President Donald Trump Thursday named former Carlyle Group partner and consummate Wall Street insider Jerome “Jay” Powell as chairman of the Fed, a move real estate professionals roundly cheered, calling the decision “the best possible choice” for the currently buoyant housing market...
Having been leaked to most major news organizations last night, President Trump is fully expected to announce that Fed governor Jerome "Jay" Powell is Janet Yellen's replacement as the next bank-friendly Fed chair. Live Feed (due toShow More Summary
“Jay Powell has been nominated to serve as the next chair of the Federal Reserve, as Donald Trump moves to make his mark on the world’s most powerful central bank,” the Financial Times reports. “In choosing Mr Powell, the president [...]
It's official: according to most news sources, tomorrow Trump will announce that Fed governor Jerome "Jay" Powell is Janet Yellen's replacement as the next bank-friendly Fed chair. Since Powell has served as Federal Reserve governorShow More Summary
Jerome "Jay" Powell, a member of the Federal Reserve's board, is President Donald Trump's leading candidate to replace Janet Yellen as the head of the nation's central bank, with an … Click to Continue »
Wall Street overwhelmingly believes President Trump will pick Federal Reserve Governor Jay Powell to be the next Fed chair.
One week after Politico reported for the second time that Trump, and Treasury Secretary Steven Mnuchin, were leaning toward Fed governor Jerome "Jay" Powell for Fed Chair, Politico's Ben White and Josh Dawsey decided to triple down,Show More Summary