Located on the Arizona-Utah border, Lake Powell serves the drinking water needs of 40 million people in the Southwest while welcoming over 3 million recreational visitors every year. However, what lies beneath may give pause to those who depend on the lake. Show More Summary
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
The U.S. stock market has been skittish lately, largely on fears of higher interest rates. As new Fed Chairman Jerome Powell takes over for Janet Yellen, and Congress passes multiple pieces of legislation that will swell the budget deficit, investors are getting more nervous about higher rates. Show More Summary
This will not end well for Jay Powell, or the rest of us.
Every year during NASCAR race weekend, Las Vegas Motor Speedway President Chris Powell carves out some time in his schedule to mingle with attending fans. Every year, those fans...
The new guy is getting the hang of this.
``The markets don't seem to like the new chairman of the Fed, a cipher named Jay Powell. In his first big public performance since stepping into Janet Yellen's tiny shoes this week, Powell managed to do a complete 180 in 24 hours on whether his outfit will stick to four rate hikes this year... Show More Summary
Evening Headlines Bloomberg: Stocks Sell-Off to Reach Asia on Hawkish Powell. Futures on equity indexes in Japan and Hong Kong dropped, and Australian equities opened weaker after the S&P 500 Index slipped 1.3 percent. Ten-year Treasury yields climbed back up to 2.90 percent. Show More Summary
By Adrian Ash – Gold prices fell as new US Fed chair Jerome Powell began his first testimony to lawmakers on Tuesday, retreating to last week's closing level as the US Dollar rallied from a fresh drop on the currency market.
Federal Reserve Chairman Jerome Powell told Congress this week he expects a strong labor market to finally boost US wages on a sustained basis. Low job quality and uncertain work arrangements are two reasons Powell's optimism could be...Show More Summary
Tim Duy: Fed Changing Its Tune: Yesterday I called attention to this line from Federal Reserve Chairman Powell’s testimony: In gauging the appropriate path for monetary policy over the next few years, the FOMC will continue to strike a balance...
Tim Duy: “Avoiding An Overheated Economy,” by Tim Duy: Federal Reserve Chairman Jerome Powell delivered the Fed’s Semiannual Monetary Policy Report Tuesday morning. Powell smoothly and confidently responded to – or deflected – questions as if he were already seasoned...
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!
New Federal Reserve Chairman Jerome H. Powell is expected to say Tuesday that the central bank will try to balance economic growth with the potential for “an overheated economy” now that “fiscal policy is becoming more stimulative” with tax cuts and increased federal spending. In his first extensive...
In his first testimony before Congress as chairman of the Federal Reserve, Jerome Powell will deliver his prepared remarks - which were released at 8:30 am ET - before spending a couple hours taking questions from members of the House...Show More Summary
Mr. Powell, in prepared testimony before the House, said the economy was healthy and that he planned to continue the Fed’s current course.
Excerpts from prepared statement from Fed Chair Jerome Powell: Semiannual Monetary Policy Report to the Congress After easing substantially during 2017, financial conditions in the United States have reversed some of that easing. AtShow More Summary
Federal Reserve Chairman Jerome Powell testifies for the first time before Congress
While its difficult to pick the bones out of the catalysts for the moves in bonds, stocks, and the dollar this morning - Powell remarks, weak DurGoods, strong inventories, weak housing, weak trade data - one thing of note is that the...Show More Summary