Federal Reserve Chairman Jerome Powell affirmed the Fed's 'patient approach' to future interest-rate changes. Follow our live analysis of his testimony.
Jerome Powell's predecessor, Janet Yellen, was in the news this week for some pointed criticism of President Trump. In a, Ms. Yellen said she didn't think the president understood the mission of the Fed.
Asked if she thought the president understood economic policy in a broad sesne, Ms. Yellen said, "No, I do not," and added, “I doubt that Mr. Trump would even be able to say that the Fed’s goals are maximum employment and price stability,” which are official goals prescribed by Congress. Although Ms. Yellen is no longer at the Fed, the interview speaks to the tensions between Fed officials and the White House right now.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Live blog and video of Powell testimony before Senate panelFollow along as MarketWatch’s Greg Robb and Steve Goldstein live blog the testimony of Federal Reserve Chairman Jerome Powell before the Senate Banking Committee.
Weiterlesen »
Live blog of Powell testimony before Senate panelFollow along as MarketWatch’s Greg Robb and Steve Goldstein live blog the testimony of Federal Reserve Chairman Jerome Powell before the Senate Banking Committee.
Weiterlesen »
Fed undecided on whether to raise rates in 2019The Federal Reserve left interest rates unchanged at its January meeting and signaled it was ready to stop steadily hiking rates, sending stocks surging, though Chairman Jerome Powell gave no indication as to whether that pause will end later this year
Weiterlesen »
Fed Chairman Powell talked to lawmakers at four times the rate Janet Yellen did in her first yearThe Fed could use a few friends in Washington. The central bank has entered the Trump crosshair, and Powell's job has been in jeopardy.
Weiterlesen »
Fed Chairman Heads to Capitol, Faces Questions on Slowing Economy, Trump CriticismWhen Jerome Powell heads to Capitol Hill for two days of hearings, he will face an economic and political backdrop greatly changed from when he gave his congressional testimony in July.
Weiterlesen »