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Feb 1, 2024
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yes, jerome powell was — cut in march, he said. yes, jerome powell was much _ cut in march, he said. yes, jerome powell was much more _ cut in march, he said. yes, jerome powell was much more clear, - cut in march, he said. yes, jerome | powell was much more clear, more candid this time than he is usually and he called a match rate cut unlikely and that is much more specific than we usually hear him say. resoundingly, expectations on wall street fell that we would see a rate cut in matchbook characteristic to powell he did leave that door open a crack saying it remains to be seen. he did acknowledge there has been strong economic growth in the us and there has been decelerating inflation but he said it wouldn't be appropriate to see cuts until we are confident that we see inflation returning, falling back down to the feds�* 2% target. returning, falling back down to the feds' 2% target.— returning, falling back down to the feds' 296 target.— feds' 296 target. forgive me for erha -s feds' 296 target. forgive me for perhaps sug
yes, jerome powell was — cut in march, he said. yes, jerome powell was much _ cut in march, he said. yes, jerome powell was much more _ cut in march, he said. yes, jerome powell was much more clear, - cut in march, he said. yes, jerome | powell was much more clear, more candid this time than he is usually and he called a match rate cut unlikely and that is much more specific than we usually hear him say. resoundingly, expectations on wall street fell that we would see a rate cut in matchbook...
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May 2, 2024
05/24
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-- jerome powell. that is well in kee - in . jerome powell. that is well in keeping with _ jerome powell. that is well in keeping with the _ jerome powell. that is well in keeping with the tradition - jerome powell. that is well in keeping with the tradition of i keeping with the tradition of the fed. they have never not hiked or not cut during a presidential election if the economy demands it. the problem is, this is a more nuanced event if they do cut. they are not going to cut because the economy is slowing down but they're going to cut because inflation is well below where they think the front rates should be and different rates need to adjust downward. it is easy to us, to the markets, to understand what is going on but from a political standpoint, it would look like the committee to re—electjoe biden. it is going to be much later if he does not get it injune but having said that, if suddenly unemployment skyrockets up or inflation skyrockets up, even if it is right in the middle of the conventions, they will do what they need to do to
-- jerome powell. that is well in kee - in . jerome powell. that is well in keeping with _ jerome powell. that is well in keeping with the _ jerome powell. that is well in keeping with the tradition - jerome powell. that is well in keeping with the tradition of i keeping with the tradition of the fed. they have never not hiked or not cut during a presidential election if the economy demands it. the problem is, this is a more nuanced event if they do cut. they are not going to cut because the...
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Feb 1, 2024
02/24
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telling me that jerome powell has no i right call telling me that - jerome powell has no reason to jerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. now to other stories making headlines.. boeing boss dave calhoun has admitted that the plane maker faces a "serious challenge" as it seeks to restore confidence after one of its 737 max nine jets broke off in mid—air. he was announcing the firm's latest financial results... which showed revenue growing 10% in the last quarter of 2023. boeing says it will not offer guidance for its earnings this year. trust in the firm has been shaken afterjanuary�*s alaska airlines blow out. let's turn our focus now to social media because the bosses of companies likes meta, tiktok and x have faced a grilling from us senators. at the heart of the fiery hearing was the companies' attitudes to legislation currently going through congress which aim to hold them to account for material posted on th
telling me that jerome powell has no i right call telling me that - jerome powell has no reason to jerome powell has no reason to show his hand at this point. the rate decision comes after fresh data showing us economic growth slowed down in the last quarter, but performed much better than forecasters expected. now to other stories making headlines.. boeing boss dave calhoun has admitted that the plane maker faces a "serious challenge" as it seeks to restore confidence after one of...
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jerome powell is under the gun in the house. grady trimble following on capitol hill. >> first, expect rate cuts, though jay powell cryptic, not saying when. the rest of the voting members are walking a precarious tight rope, where to set rates but it's an election year. at this hearing powell is telling lawmakers on the house financial services committee that data is looking good and the dangers of cutting rates too quickly, would like to see more. with the high points he's making note of that housing services inflation a.k.a. rent is coming down, goods prices are too and he says he feels good about achieving a soft landing. >> no reason to think the us economy is in short-term risk of falling into recession. having said that, there's always a problem, a possibility, meaningful possibility that economy will fall into recession. i don't think that possibilities elevated at the current time. >> reporter: patrick mchenry asked powell how much rate cutting we will see this year. powell's answer is noncommittal as always, depends on
jerome powell is under the gun in the house. grady trimble following on capitol hill. >> first, expect rate cuts, though jay powell cryptic, not saying when. the rest of the voting members are walking a precarious tight rope, where to set rates but it's an election year. at this hearing powell is telling lawmakers on the house financial services committee that data is looking good and the dangers of cutting rates too quickly, would like to see more. with the high points he's making note...
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May 1, 2024
05/24
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increases jerome powell reiterated today he thinks the fed policy is restrictive. you have got still some substantial fiscal policy where we are running over a percent deficits so far this year as a percentage of gdp in the united states and that is historically high for an economy that is in full employment and that spending is coming from unspent american rescue act money, inflation projects, infrastructure projects, and it is particularly affecting service circulation and stickiness of wages in the service sector. i think that is one of the things that makes the united states unique versus the rest of the world. the rest of the world did not have a level of fiscal stimulus that the united states had and still has and also the united states is more of a service sector economy versus a goods economy and i think those are both challenges for the fed. annabelle: do you see that challenge really persisting or perhaps even worsening given that we are in an election year? >> it might. we really have not seen, we have seen good progress over the past year and inflation
increases jerome powell reiterated today he thinks the fed policy is restrictive. you have got still some substantial fiscal policy where we are running over a percent deficits so far this year as a percentage of gdp in the united states and that is historically high for an economy that is in full employment and that spending is coming from unspent american rescue act money, inflation projects, infrastructure projects, and it is particularly affecting service circulation and stickiness of wages...
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Apr 17, 2024
04/24
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. >>> fed chair jerome powell says rate cuts are not likely to happen. >> they instead indicate it's likely to take longer than expected to achieve that confidence. >>> the ecb speaks saying it won't wait for the fed as christine lagarde tells cnbc the central bank will cut rates soon barring any major shocks. >> we have to be independent. we have to look at our own work. we're very steady and focused on what we are seeing, and we're applying judgment at the end of the day. >>> dressing to impress. the stoxx upping its forecast for the end of the year while q1 sales reassure investors about the health of the sector. ♪ >>> good morning, everyone. we start today's show looking at the tech sector over here in europe with asml keeping its full year outlook and change despite weaker than expected net sales in the first quarter and a worse than expected of new bookings. looking for easing at the shares, they are moving so far in the session. looking at some of the other peers in the sector, they're all down in premarket trade. but let's see how the story will continue to play out. first
. >>> fed chair jerome powell says rate cuts are not likely to happen. >> they instead indicate it's likely to take longer than expected to achieve that confidence. >>> the ecb speaks saying it won't wait for the fed as christine lagarde tells cnbc the central bank will cut rates soon barring any major shocks. >> we have to be independent. we have to look at our own work. we're very steady and focused on what we are seeing, and we're applying judgment at the end of...
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Mar 20, 2024
03/24
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jerome powell hit the nail on the head when he said we just do not know. >> i think chair powell stuck to the narrative that we have been hearing for some time, both in terms of the direction of the economy as well as the direction of policy. no real new ground was broken in this meeting. there was not a strong hawkish pivot, although there was the migration of some of the dots in the summary of economic projections. more in the direction of three, very strong consensus now of three great cuts this year. haidi: three cuts on the dot plot, does that seem dovish given the revisions we have seen to unemployment? >> i think -- most of the members of the committee are staying with their views going into this meeting and that is that the number of cuts would either be three or two. what was interesting in looking at the dots is that there are four people in december who actually had uppercuts and that group moved out. there is only one left of that four. they all moved into the three or the two category. i think they are gelling around a view that will depend of course on the data. most impo
jerome powell hit the nail on the head when he said we just do not know. >> i think chair powell stuck to the narrative that we have been hearing for some time, both in terms of the direction of the economy as well as the direction of policy. no real new ground was broken in this meeting. there was not a strong hawkish pivot, although there was the migration of some of the dots in the summary of economic projections. more in the direction of three, very strong consensus now of three great...
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Mar 22, 2024
03/24
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jerome powell and janet yellen have no way out. if they raise interest rates they're going to raise interest on our debt and it will increase even faster. if a lower interest rates it's going to get people more money more jobs and increase inflation that way i through spending. what is your comment on that? >> guest: s right. i mean, i think jerome powell is going make decisions about interest rates without an essentially concerned about how that affects the debt but that's right. the higher rates we havee seen already, i mean the fed said they think they he done rates. there at thepe peak of their interest rates for now. that is increased interest cost of the government. there's a question that's happen. that is a challenge but chair powell has made clear as most fedd chairs do, they think the spendingnd taxing decision on the government of two elected officials and not them. although chair powell said he thinkst the deficit is not sustainable and it's something the government, congress and the white house should deal with. >> hos
jerome powell and janet yellen have no way out. if they raise interest rates they're going to raise interest on our debt and it will increase even faster. if a lower interest rates it's going to get people more money more jobs and increase inflation that way i through spending. what is your comment on that? >> guest: s right. i mean, i think jerome powell is going make decisions about interest rates without an essentially concerned about how that affects the debt but that's right. the...
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with jerome powell on 60 minutes and then the grammys. and sitting for both of them made last night a very memorable experience for me and even the clip you just played, i watch that clip and i watch that clip over and over again and i keep asking myself, what exactly is jerome powell trying to communicate here because we get the 11 interest-rate hikes that bring us to the historically high interest-rate emergency in the labor market, if you believe the numbers on friday were on fire and keep in mind last week we were convinced that we get a get a rate cut in march, now or not now it's not quite happy. as far as when is the recession going to come. if he keeps rates this high for much longer he will throw us into a recession. they cut rates he could ignite inflation. he is a very typical task today and i don't feel very sorry for him and he put himself in this position and put the nation in this position by keeping monetary policy to lose for too long so we are on the precipice of a recession but if he could avoid that by strategically cu
with jerome powell on 60 minutes and then the grammys. and sitting for both of them made last night a very memorable experience for me and even the clip you just played, i watch that clip and i watch that clip over and over again and i keep asking myself, what exactly is jerome powell trying to communicate here because we get the 11 interest-rate hikes that bring us to the historically high interest-rate emergency in the labor market, if you believe the numbers on friday were on fire and keep...
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Apr 18, 2024
04/24
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the two, the governor of pboc and jerome powell meeting in washington, d.c. coming up, we'll get eric francia's energy outlook. first, releasing the fourth quarter results. that is coming up next. keep it here with us. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the money towards a down-payment... ...on a ranch ...in montana ...with horses let's take a look at those scenarios. j.p. morgan wealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. >> we're keeping an eye on asian chip makers as we count down to tmc's earnings today. china sales likely to be heard. tsmc up 1%. smic up almost 2%. tsmc's capital spending plans will be a key focus. that is after asml posted orders short of expectations. chip makers laid
the two, the governor of pboc and jerome powell meeting in washington, d.c. coming up, we'll get eric francia's energy outlook. first, releasing the fourth quarter results. that is coming up next. keep it here with us. this is bloomberg. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like everything, it takes a little planning. or, put the...
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Mar 21, 2024
03/24
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[applae] >> jerome powell said today the central bank will leave interest rates unchanged for now but that the fed still expects to cut rates by the end of the year. he spoke with reporters following the conclusion of the committee meetings held this week. watch the announcement tonight at 9:00 eastern on c-span, c-span now, or c-span.org. we ar joined now by jason sneed with the honest elections project. tell us about the mission and how you are finding? guest: we areon partisanour guio inspire confidence of the voting process how we are funded, a number of donors who share commitment and concern the future of election integrity and make sure they all have a system they are confident in. host: y put out a report with reforms you are recommending. one of them is to ban choice voting. guest: right choice voting is a new idea theyce all over the country. it makes voting take longernds e confusing and our number one principal is to aspire confidence and it discourages people from participating in the system. it takes a system where we are familiar it the most candidatel -- you are breaki
[applae] >> jerome powell said today the central bank will leave interest rates unchanged for now but that the fed still expects to cut rates by the end of the year. he spoke with reporters following the conclusion of the committee meetings held this week. watch the announcement tonight at 9:00 eastern on c-span, c-span now, or c-span.org. we ar joined now by jason sneed with the honest elections project. tell us about the mission and how you are finding? guest: we areon partisanour guio...
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May 2, 2024
05/24
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jerome powell keeps cuts on the table, with the timing is less than certain. jerome: it is unlikely that the next great move will be a hike. tom: the yen tumbles pairing a rapid rally on suspected intervention and a big day for earnings, standard chartered reports a profit beat. shel and novo nordness report, but first ing. this is the news coming through, two and a half billion euro share buyback following a previous buyback. rewarding investors with additional cash. in terms of net income, this came in in line with estimates of 3.8 3 billion euros for the first quarter it was a beat, the lender coming through with 1.6 billion euros, ing added 99,000 primary customers, but the buyback of two and a half billion euros. i will be speaking to the ceo at 6:15 a.m. so stay with us. reaction coming through from the lender. markets are digesting what we heard from jay powell, no surprise, but the language pushing back on the views that hikes -- they push back on that saying cuts were possible, european stock futures are lower , ftse futures pointing to 31 points. nas
jerome powell keeps cuts on the table, with the timing is less than certain. jerome: it is unlikely that the next great move will be a hike. tom: the yen tumbles pairing a rapid rally on suspected intervention and a big day for earnings, standard chartered reports a profit beat. shel and novo nordness report, but first ing. this is the news coming through, two and a half billion euro share buyback following a previous buyback. rewarding investors with additional cash. in terms of net income,...
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Mar 6, 2024
03/24
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. >>> fed sanctuary jerome powell is heading to capitol hill today for two days of semiannual testimony before congress. powell is expected to present his case particularly on why the central bank is in in in no rust cut inflation. thank you so much for the time then are you surprised at all but the market's pullback yesterday? >> not essentially surprised i think regarding equities in general we're quite optimistic at the moment. in the short to medium term, we're quite positive that's pointed by fundamentals across the board we have different moves by developed markets and equities in emerging markets. i think that's really because the rate cutting cycle is getting ahead in the emerging market, so that's really reaping the benefits there. >> and what does it mean then to see perhaps a slight fall-off in the rate outlook then across the more developed world we had initially seen the expectation of around six rate cuts around the united states. that's fallen off to three of course, the fed initially said that. but we're seeing that one could be enough this year. >> yes, so they're being
. >>> fed sanctuary jerome powell is heading to capitol hill today for two days of semiannual testimony before congress. powell is expected to present his case particularly on why the central bank is in in in no rust cut inflation. thank you so much for the time then are you surprised at all but the market's pullback yesterday? >> not essentially surprised i think regarding equities in general we're quite optimistic at the moment. in the short to medium term, we're quite positive...
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May 18, 2024
05/24
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i think that jerome powell has been a pretty poor fed chairman. he is the one who is also responsible for allowing the inflation rate to go up to 9.1%, the highest rate in 40 years. that has done great damage to the american family. inflation is a killer. it's like a sales tax you pay every time you go to the store. host: have tons of folks with questions. democrats can call in at (202) 748-8000. republicans at (202) 748-8001. independents on (202) 748-8002. just because we have a lot of folks who have questions, i will ask everyone to keep it concise. starting with kalamazoo, michigan on our line for republicans. good morning, jean. caller: my question is about discretionary spending. if congress holds the purse strings, how does president biden, how is he able to forgive student loans and give cell phones to illegals and do all the things he's doing? does he have an unlimited amount of discretionary spending? host: thank you for your question. guest: is that a great question. it's a great question. i don't think that there is any doubt that the
i think that jerome powell has been a pretty poor fed chairman. he is the one who is also responsible for allowing the inflation rate to go up to 9.1%, the highest rate in 40 years. that has done great damage to the american family. inflation is a killer. it's like a sales tax you pay every time you go to the store. host: have tons of folks with questions. democrats can call in at (202) 748-8000. republicans at (202) 748-8001. independents on (202) 748-8002. just because we have a lot of folks...
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Mar 22, 2024
03/24
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jerome powell and janet yellen haveki)z no way out. if they raise interest rates, they're going to raise interest on our debt which will increase faster. if they going to give people moe money, more jobs and increase inflation that way through spending. what is your guest comment on that? guest: that's right, think jerome powell will make decisions about interest rates withoutsarily concerned about how that affects the debt. the higher rates that we have seen already in the fed has said they t■7hi■■nk ty are done hikig rates, they are at the peak of their interest rates for now. that has increased interest cost to the government. challenge but chair powell has made clear as most fed chair is due that theydecise up to elected officials and not them. chair powell has said he thinks the deficit is not sustainable and is something the government, congress and the white house should deal with. host: the unemployment rate in february was 3.9%. it increase from 3.7% in january. what was that a sign of? guest: it's a sign of potentially
jerome powell and janet yellen haveki)z no way out. if they raise interest rates, they're going to raise interest on our debt which will increase faster. if they going to give people moe money, more jobs and increase inflation that way through spending. what is your guest comment on that? guest: that's right, think jerome powell will make decisions about interest rates withoutsarily concerned about how that affects the debt. the higher rates that we have seen already in the fed has said they...
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Feb 6, 2024
02/24
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why are you mad at jerome powell? the fed chair, jerome powell. i know you don't like rich guys. but why don't you like -- you rolled your eyes at elon musk the last time we were talking. >> senator warren: elon musk is still on my list. jerome powell. it's about interest rates. jerome powell and the fed raised interest rates extraordinarily. remarkaly. now they are at a very high level. the problem is, yes, we had inflation. but inflation was being caused by a lot of things, like supply chain kinks that covid had given us. they were in ukraine had driven up energy prices sharply. giant corporations looked around and said "oh, everybody is talking about inflation right now. great time to raise our prices." they didn't just raise those prices to cover costs. they raised those prices triple and quadruple what they needed to raise them. we know that because their profit margins went up. it's called price gouging. so jerome powell raised interest rates. inflation has come back down six of the last seven months, inflation has been at 2% or lower which is the feds' target. now it's hap
why are you mad at jerome powell? the fed chair, jerome powell. i know you don't like rich guys. but why don't you like -- you rolled your eyes at elon musk the last time we were talking. >> senator warren: elon musk is still on my list. jerome powell. it's about interest rates. jerome powell and the fed raised interest rates extraordinarily. remarkaly. now they are at a very high level. the problem is, yes, we had inflation. but inflation was being caused by a lot of things, like supply...
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Apr 17, 2024
04/24
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that is the message from america's top banker, jerome powell on us interest rates. the chair of the federal reserve said policymakers hadn't seen enough progress on inflation since its rapid decline last year. and with inflation likely to take longer to return to the fed's desired target of 2%, a cut in rates, he said, didn't seem justified. we've said at the fomc that we'll need greater confidence that inflation is moving sustainably toward 2% before it would be appropriate to ease policy. you know, we took that cautious approach and, sought that greater confidence so as not to overreact to the string of low inflation readings that we had in the second half of last year. the recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence. today's remarks highlight the different paths being taken by central banks around the world, with the european central bank's christine lagarde reaffirming that the ecb was still on track to cut rates. many people expect the ecb will cut rates i
that is the message from america's top banker, jerome powell on us interest rates. the chair of the federal reserve said policymakers hadn't seen enough progress on inflation since its rapid decline last year. and with inflation likely to take longer to return to the fed's desired target of 2%, a cut in rates, he said, didn't seem justified. we've said at the fomc that we'll need greater confidence that inflation is moving sustainably toward 2% before it would be appropriate to ease policy. you...
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Mar 4, 2024
03/24
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investors watching jerome powell for jobs data in the china mpca. let's look at what we are getting we are stocks have pulled off session highs. seeing a rally in bonds, but in order for this to climb, we have seen a floor. they want to see structural reforms and policy consistency. let's look at the real estate sector, the pain point for china. despite those sales surging, properties are down and that is a sign of bonds being down. talking to lenders to defer payments. this will figure strongly in the annual gathering. tom: thank you very much indeed. a big week for china. unveiling strategies, but li qiang will not the holding a press briefing. bloomberg's stephen engle joins us. a surprise move by the premier. what are you reading into it? >> this is the one time we can get into tiananmen square. it's the one time you can hear legislators. tomorrow is the political advisory body to the national people's congress and they are gathering. we are getting busloads of delegates coming in. the biggest challenge is the economy, externally in internally.
investors watching jerome powell for jobs data in the china mpca. let's look at what we are getting we are stocks have pulled off session highs. seeing a rally in bonds, but in order for this to climb, we have seen a floor. they want to see structural reforms and policy consistency. let's look at the real estate sector, the pain point for china. despite those sales surging, properties are down and that is a sign of bonds being down. talking to lenders to defer payments. this will figure...
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Feb 1, 2024
02/24
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what jerome powell had to say afterwards?— what jerome powell had to say afterwards? , , ., , afterwards? yes, they had been afterwards? yes, they had been a little bit of — afterwards? yes, they had been a little bit of an _ afterwards? yes, they had been a little bit of an expectation - a little bit of an expectation that the first rate cut from the fed would come in march and he categorically said that was unlikely to happen. he still expecting to see inflation coming down and at the point he made is we need to have further evidence that inflation is indeed on its way down towards the target. inflation is actually lower in the us than here in the uk but still above the 2% target. from jerome powell and the fed's point of view, there is no particular reason to rush to cut interest rates. the economy is doing well, wage growth is still holding up, thejob situation is strong, so why rush? holding up, the job situation is strong, so why rush? andrew bailey and _ is strong, so why rush? andrew bailey and his _ is strong, so why rush? andrew bailey and his team, _ is s
what jerome powell had to say afterwards?— what jerome powell had to say afterwards? , , ., , afterwards? yes, they had been afterwards? yes, they had been a little bit of — afterwards? yes, they had been a little bit of an _ afterwards? yes, they had been a little bit of an expectation - a little bit of an expectation that the first rate cut from the fed would come in march and he categorically said that was unlikely to happen. he still expecting to see inflation coming down and at the...
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Mar 19, 2024
03/24
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my sense is that jerome powell failed the marshmallow test. he ate the marshmallow at the november press conference. he wanted to declare victory on inflation too soon. if he had shown a little self-restraint financial conditions would not have eased and inflation and economic activity would not be re-accelerating as we have now. i think despite their predilection to want to cut, the fed will possibly have to stay higher for longer. it all depends on what the fed does. katie: i have heard people tell me over the past few weeks that the fed wants to cut but they can't yet. why do you think they want to cut? why is that the narrative? scott: jerome powell said it in front of congress. katie: that's true. scott: i take him at his word. david: coming back to trump for a second, your name has come up as maybe playing some role. if you had conversations with the former president his team that would indicate to you where he thinks he wants to go economically? scott: sure. what i will say is i'm not going to repeat private conversations but i think a
my sense is that jerome powell failed the marshmallow test. he ate the marshmallow at the november press conference. he wanted to declare victory on inflation too soon. if he had shown a little self-restraint financial conditions would not have eased and inflation and economic activity would not be re-accelerating as we have now. i think despite their predilection to want to cut, the fed will possibly have to stay higher for longer. it all depends on what the fed does. katie: i have heard...
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Feb 5, 2024
02/24
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. >>> also, federal reserve chair jerome powell says the time is coming for an interest rate cut. is that time the next couple months or years? hear exactly what he is saying next. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around... and right now, you can get a free line of our most popular unlimited plan. all on the most reliable 5g network nationwide. ditch the other guys and you'll save hundreds. get a free line of unlimited intro for 1 year when you buy one unlimited line. and for a limited time, get the new samsung galaxy s24 on us. ♪ >>> are the air strikes working? >> yes. >> well, president biden says the strikes against iranian-backed militia groups are working now but this morning iran is calling it a, quote, strategic mistake. on friday the united states launched retaliatory strikes on iraq and syria in response to last week's drone attack on the u.s. military base in jordan that killed those three american soldiers. 85 targets across seven locations in iraq and syria were hit. >>
. >>> also, federal reserve chair jerome powell says the time is coming for an interest rate cut. is that time the next couple months or years? hear exactly what he is saying next. so, you've got the power of xfinity at home. now take it outside with xfinity mobile. like speed? it's the fastest mobile service around... and right now, you can get a free line of our most popular unlimited plan. all on the most reliable 5g network nationwide. ditch the other guys and you'll save hundreds....
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Apr 17, 2024
04/24
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. —— mike batt was jerome powell. evelyn herrmann is a european economist at bank of america and joins us from paris. after this latest fall in uk inflation, we are still some way off the target of 2%. when do you think the target of 2%. when do you think the bank of england is going to make its decision to cut? . the bank of england is going to make its decision to cut?— its decision to cut? , the cutting cle is its decision to cut? , the cutting cycle is actually _ its decision to cut? , the cutting cycle is actually august - its decision to cut? , the cutting cycle is actually august now. - its decision to cut? , the cutting cycle is actually august now. i i its decision to cut? , the cutting i cycle is actually august now. i have to admit that into this week we thought that there was more of a chance that the bank of england might be confirmed to cut around june. if the interest rates had continued to show a better slowdown, if the... inaudible enough to get the bank of england, so we are happy with our base rat
. —— mike batt was jerome powell. evelyn herrmann is a european economist at bank of america and joins us from paris. after this latest fall in uk inflation, we are still some way off the target of 2%. when do you think the target of 2%. when do you think the bank of england is going to make its decision to cut? . the bank of england is going to make its decision to cut?— its decision to cut? , the cutting cle is its decision to cut? , the cutting cycle is actually _ its decision to cut?...
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May 15, 2024
05/24
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fed chair jerome powell also described the cpi report more mixed than hot. speaking at the foreign bankers association in amsterdam, powell talked about it being restrictive and indicated the fed will keep the rates higher for longer. >> having the restrictive policy, we have the highest interest rates in some time. it may be that it takes longer than expected to do its work and bring inflation down. i am confident we will do that, but that we will get inflation down to 2% and ultimately we will need to do with our policy rate. >> by many, many measures the policy rate is restrictive. the question is it sufficiently restrictive, and i think that's going to be a question that time will have to tell. entertaining the possibility is that could be a very small probability, but i say -- i have said that i don't think that it's likely based on the data that we have that the next move that we make would be a rate hike. i think it's more likely that we'll be at a place where we hold the policy rate where it is. >> steven blitz joining us. thanks for the time. are we
fed chair jerome powell also described the cpi report more mixed than hot. speaking at the foreign bankers association in amsterdam, powell talked about it being restrictive and indicated the fed will keep the rates higher for longer. >> having the restrictive policy, we have the highest interest rates in some time. it may be that it takes longer than expected to do its work and bring inflation down. i am confident we will do that, but that we will get inflation down to 2% and ultimately...
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Mar 20, 2024
03/24
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the biases toward leaving things the same until they get more economic debt, jerome powell will speak at 2:30, he may forecast a bit of what is to come in the year ahead but right now the fed is suggesting, sandra, it wants a little more data before it figures out the way forward. >> sandra: indications from the fed in the statement are they are moving towards possibly three rate cuts this year, john, and that is interesting news break since we have not seen the target of 2% reached just yet so big questions in the fed briefing room when powell speaks, is 2% still the target? and if they are going to start cutting does not mean we are getting there? they say they are making good progress and they move it is the question so you see a green spike at the end of the chart there, that is after the fed announcement came out to leave fed rates unchanged but also indicating three cuts coming this year. one of the federal reserve officials indicated possibly more than three cuts this year but this was a unanimous decision to leave it unchanged at five and a quarter. this is a decent market rea
the biases toward leaving things the same until they get more economic debt, jerome powell will speak at 2:30, he may forecast a bit of what is to come in the year ahead but right now the fed is suggesting, sandra, it wants a little more data before it figures out the way forward. >> sandra: indications from the fed in the statement are they are moving towards possibly three rate cuts this year, john, and that is interesting news break since we have not seen the target of 2% reached just...
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ashley: on cavuto coast-to-coast we are waiting for jerome powell's comments on the us economic outlook. markets are steady but willpower will shakeup investors. a powerful earthquake in taiwan. the very latest update our top story, markets trying to find their place after a week start. closely to share powell to see if he's taking a rate cut in june off the table. looking forward to july being the launch date. ashley: hikes, don't necessarily seem on the table. staying here for a long period, and given the volatility assigned yesterday, not much has changed. interesting we have 75 basis points but entered the week with a market pricing around 65 basis points. what i want investors to focus on is few days of markets notwithstanding. the plot showed, to lower rates. it is a 4.0%. having a justification. other views are being expressed. ashley: we talked about the recession is coming. was it going to be a hard landing or soft landing. the us economy said clear of recession risks. we dodged a bullet bit, didn't we? >> i would certainly think danielle's point there is so much ways to interp
ashley: on cavuto coast-to-coast we are waiting for jerome powell's comments on the us economic outlook. markets are steady but willpower will shakeup investors. a powerful earthquake in taiwan. the very latest update our top story, markets trying to find their place after a week start. closely to share powell to see if he's taking a rate cut in june off the table. looking forward to july being the launch date. ashley: hikes, don't necessarily seem on the table. staying here for a long period,...
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Apr 16, 2024
04/24
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liz: the markets spinning from red to green, red to green as federal reserve chair jerome powell now officially raised major uncertainty about the chance of a rate cut this year. saying during a fire side chat of the governor and the firm inflation of the last quarter could mean maintaining current rates for longer. here's how we put it. >> the recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve the confidence. policy is well positioned to handle the risks that we face if higher inflation does persist. we can maintain a current level of restriction for long. liz: basically tracks how the fed might move on interest rates and blasted through the 5% threshold. first time it's been above that level since november. right now we vascularized it slightly below at 4.974, still up 5.4 basis points from yesterday. and equities also spasms all over the place. setting a scene with about 59 minutes left to trade and dow looking to snap its six day l osing streak up 168 points right now and s&p at the moment up 8, h
liz: the markets spinning from red to green, red to green as federal reserve chair jerome powell now officially raised major uncertainty about the chance of a rate cut this year. saying during a fire side chat of the governor and the firm inflation of the last quarter could mean maintaining current rates for longer. here's how we put it. >> the recent data have clearly not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve the...
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Apr 4, 2024
04/24
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jerome powell was speaking at an event yesterday, all over the financial press this morning. the markets are digesting what he said. , ., , he said. yes. that is right. it has been very much a - he said. yes. that is right. it has been very much a focus. he said. yes. that is right. it l has been very much a focus for markets for a long time and for households when the central bank will start to cut interest rates. and we just saw recently, stronger data from the united states. we have also seen a slight up tick in inflation so there were concerns heading in to the meeting that perhaps the fed would not be able to cut the three times it had indicated that it would cut rates at the last monetary policy meeting. and that is what the market was looking for. some sort of reassurance that the fed was still going to cut rates and that perhaps it could still consider cutting three times this year. the federal reserve, jerome powell, he did say that the fed was still looking to cut interest rates this year and that the recent data had not materially changed their outlook for the unit
jerome powell was speaking at an event yesterday, all over the financial press this morning. the markets are digesting what he said. , ., , he said. yes. that is right. it has been very much a - he said. yes. that is right. it has been very much a focus. he said. yes. that is right. it l has been very much a focus for markets for a long time and for households when the central bank will start to cut interest rates. and we just saw recently, stronger data from the united states. we have also...
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Feb 5, 2024
02/24
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♪ . >>> jerome powell, the chair of the federal reserve, may have just rescued the economy from inflation without throwing millions out of work. when americans were suffering through the highest inflation in 40 years, powell's fed raised interest rates 11 times to cool the economy. economists expected a recession. but now, inflation is tumbling while employment is near a 50-year high. thursday, we met powell for a rare interview, to talk about interest rates, remaining dangers, and the one question that's on everyone's mind. is inflation dead? >> i wouldn't go quite so far as that. what i can say is that inflation has come down really over the past year and fairly sharply over the past six months. we're making good progress. the job is not done, and we're very much committed to making sure that we fully restore price stability for the benefit of the public. >> but inflation has been falling steadily for 11 months. >> right. >> you've avoided a recession. why not cut the rates now? >> well, we have a strong economy. growth is going on at a solid pace. the labor market is strong, 3.7% unemp
♪ . >>> jerome powell, the chair of the federal reserve, may have just rescued the economy from inflation without throwing millions out of work. when americans were suffering through the highest inflation in 40 years, powell's fed raised interest rates 11 times to cool the economy. economists expected a recession. but now, inflation is tumbling while employment is near a 50-year high. thursday, we met powell for a rare interview, to talk about interest rates, remaining dangers, and...
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Mar 4, 2024
03/24
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fed chairman jerome powell will deliver his semiannual monthly polisario testimony. it is affected to provide markets more insight on the u.s. central bank's rate hikes policy. you have heard from many fed officials saying they are in no hurry to cut rates. thursday, president biden will deliver his state of the union address. we will have special coverage on bloomberg tv. and the ecb said to hold rates steady as it awaits more evidence that inflation is under control. lots to digest. as get more with sam rhee, chairman and cio of independent wealth manager, endowus. for the moment it is about china. how crucial is it, or has everything been factored in. we saw three weeks of gains for china. sam: as many people have been commentating, it is a huge week for china. there is growing expectations and that is what leaves the market rebounding. whether this is the dead cat bounce or the bottom of the market, and we start seeing this rally have some legs, we will have to wait until be announcements come out. i would err on the side of caution and say i don't think that wil
fed chairman jerome powell will deliver his semiannual monthly polisario testimony. it is affected to provide markets more insight on the u.s. central bank's rate hikes policy. you have heard from many fed officials saying they are in no hurry to cut rates. thursday, president biden will deliver his state of the union address. we will have special coverage on bloomberg tv. and the ecb said to hold rates steady as it awaits more evidence that inflation is under control. lots to digest. as get...
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Apr 4, 2024
04/24
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[applause] jerome powell: thank you very much. it is great to be here today, thanks to everyone for coming out. road ahead for monetary policy before briefly discussing monetary policy independence and then some discussion. over the past year, inflation has come down sick for can be, but it is still running above the fomc's 2% goal. headline inflation was 2.5% based on pc he index. a year ago, it was 5.2%. core inflation stood at 2.8% in february, a year ago was 4.8%. this is a very welcome progress. but the job to sustainably restore 2% inflation is not yet done. tight monetary policy continues to weigh on demand. growth and economic was strong as gdp expanded by more than 3% and 3 million jobs were created. this combination of outcomes reflects the significance in supply that offsets the effects on demand of tighter financial conditions. labor supply increased significantly thanks to rising participation among 25 to 54-year-olds, workers in their prime years and a strong pace of immigration. recent readings have come, a faster p
[applause] jerome powell: thank you very much. it is great to be here today, thanks to everyone for coming out. road ahead for monetary policy before briefly discussing monetary policy independence and then some discussion. over the past year, inflation has come down sick for can be, but it is still running above the fomc's 2% goal. headline inflation was 2.5% based on pc he index. a year ago, it was 5.2%. core inflation stood at 2.8% in february, a year ago was 4.8%. this is a very welcome...
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Jan 31, 2024
01/24
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we will see what jerome powell has to say. and the ipo outlook on the heels of fourth-quarter earnings. that is coming up. i am katie garfield in new york. welcome to bloomberg markets. you take a look at these markets and a sea of red behind me. the s&p 500 is down by .7%. some of those big tech names took the stage last night and did not live up to the hype. you are seeing that in the nasdaq 100, off by 1.2%. it gets worse as you go down because we have the philadelphia semiconductor index off by about 1.4%. we heard from amd yesterday that had been the second-best performer in the index this year. not anymore. the two year yield currently down 12 basis points. we have the fed decision coming up in a few hours. it seems like people are recalibrating their bets right now. it has been a disappointing earnings kickoff for big tech. google and microsoft are down following yesterday's results as both companies struggle to meet expectations when it comes to ai. it feels like for microsoft it is an interesting story because they di
we will see what jerome powell has to say. and the ipo outlook on the heels of fourth-quarter earnings. that is coming up. i am katie garfield in new york. welcome to bloomberg markets. you take a look at these markets and a sea of red behind me. the s&p 500 is down by .7%. some of those big tech names took the stage last night and did not live up to the hype. you are seeing that in the nasdaq 100, off by 1.2%. it gets worse as you go down because we have the philadelphia semiconductor...
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Mar 20, 2024
03/24
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FBC
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one thing to appreciate about jerome powell. he always telegraphed and really worried about the market. fed chairman are not supposed to be worried about the market. be that as it may, he is. that's why the general consensus among people like fink and others, is that the june rate cut of 25-basis points is baked in. he's not going to -- because the markets will go wickedly shout if that doesn't happen. this is borrowing some mayor yak we out of the blue -- wacky inflation out of the blue numbers and rates are at 3, he's still worried about a recession because there's other numbers that show a slow down. june is baked in. obviously if inflation numbers after june look sticky and look like they're rising, all bets are off on the other two. liz: i say two. i thought larry predicted a possible two cuts. >> yeah, he did but said three so there could be three. be that as it may, the june thing is baked in and gets into the weirdness of jerome powell and again, fed chairs are not supposed to worry about the stock market and worry about
one thing to appreciate about jerome powell. he always telegraphed and really worried about the market. fed chairman are not supposed to be worried about the market. be that as it may, he is. that's why the general consensus among people like fink and others, is that the june rate cut of 25-basis points is baked in. he's not going to -- because the markets will go wickedly shout if that doesn't happen. this is borrowing some mayor yak we out of the blue -- wacky inflation out of the blue...
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Jan 4, 2024
01/24
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host: what has jerome powell said? has he shown his cards? guest: if you can read between the lines, they have a language of their own where you can get a lot of value. they had a meeting in the middle of december and a press conference after that. what was clear is they don't have a plan right now. they still want to cut interest rates in 2024 but they are not ready to declare victory. at the same time, if you look at the projections of the actual members, they pretty much all expect to see rate cuts in 2024 and expectancy low inflation this year and steady growth. if you look at what they write down their forecast, it's a pretty benign outlook, things look pretty good. that's a projection and projections are not worth the paper they are not printed on. host: we usually cover the conference jay powell holds after he meets with the federal reserve board members. you are listening to him and thinking what? what did he just say? at the next one, what should our viewers be listening for, what are the keywords to help them read between the lines?
host: what has jerome powell said? has he shown his cards? guest: if you can read between the lines, they have a language of their own where you can get a lot of value. they had a meeting in the middle of december and a press conference after that. what was clear is they don't have a plan right now. they still want to cut interest rates in 2024 but they are not ready to declare victory. at the same time, if you look at the projections of the actual members, they pretty much all expect to see...
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Feb 3, 2024
02/24
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>> well, that's an interesting question because, you know, jerome powell, as we just heard, says that if you look at the 12-month numbers, they're still above the fed's 2% target. but if you look at the trailing 6-month numbers, they're below 2%, and 3-month trailing also below 2% -- paul: victory over inflation. [laughter] >> if he is sits there too long, he may end up being too tight for too long, and that could be a problem. but when you have numbers hike this coming out as we did today, it puts a lot of pressure if on him to hold off on that march rate cut. and so, you know, let me just say that the u.s. government is not helping jerome powell by i flowing all this money -- by throwing all this money at the economy. s this is making it more and more difficult to bring inflation down. paul: and, but is there more incentive for him and the fed to bring rates down because you're having to finance all of this deficit spending, and the government has to issue bonds to finance that? >> well, incentive probably isn't the right word. i mean, he's under a lot of pressure, right, because he
>> well, that's an interesting question because, you know, jerome powell, as we just heard, says that if you look at the 12-month numbers, they're still above the fed's 2% target. but if you look at the trailing 6-month numbers, they're below 2%, and 3-month trailing also below 2% -- paul: victory over inflation. [laughter] >> if he is sits there too long, he may end up being too tight for too long, and that could be a problem. but when you have numbers hike this coming out as we...
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Jan 31, 2024
01/24
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CNBC
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very routine profit-taking. >>> here comes fed chair, jerome powell. >> good afternoon. my colleagues and i remained squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. the economy has made good progress toward our dual mandate objectives. inflation has eased from its highs without a significant increase in unemployment. that's very good news. but, inflation is still too high. our ongoing progress in bringing it down is not assured, and the path forward is uncertain. i want to assure the american people that we are fully committed to returning inflation to our 2% goal. restoring price stability is essential to achieve a sustained period of strong labor market conditions that benefit all. today, we decided to leave our policy interest rate unchanged and to continue to reduce our securities holdings. over the past two years, we have significantly tightened the stance of monetary policy. our strong actions have moved our policy rate well into restrictive territory. we have been seeing the effects on economic activity
very routine profit-taking. >>> here comes fed chair, jerome powell. >> good afternoon. my colleagues and i remained squarely focused on our dual mandate to promote maximum employment and stable prices for the american people. the economy has made good progress toward our dual mandate objectives. inflation has eased from its highs without a significant increase in unemployment. that's very good news. but, inflation is still too high. our ongoing progress in bringing it down is...
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Apr 29, 2024
04/24
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you might not even need something, but we do have an fomc meeting this week, and if jerome powell is a bit more hawkish you could see dollar-yen go even higher on the back of their. from the japanese authority point of view i am sure they would like to see what jerome powell has to say before they commit themselves. traders themselves may decide this is enough and we will start to put in a little bit of money into the gun from here. haslinda: how long can it resist? >> it is very difficult because it is a one-sided situation. haslinda: the movements have been pretty rapid. if it is 2% in one week, is that assigned to worry? >> we start to get into the realm of credibility issues, because all of the things japanese authorities of said, he said in february that when the yen was by 10 big figures i am very concerned. that 2% moves last week was a big move in the context of dollar-yen when it was already high anyway, so it is broken all the thresholds of their tolerance levels, and they still have not moved. in a way, something needs to happen. either the market is it for them, or they d
you might not even need something, but we do have an fomc meeting this week, and if jerome powell is a bit more hawkish you could see dollar-yen go even higher on the back of their. from the japanese authority point of view i am sure they would like to see what jerome powell has to say before they commit themselves. traders themselves may decide this is enough and we will start to put in a little bit of money into the gun from here. haslinda: how long can it resist? >> it is very...
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Apr 17, 2024
04/24
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fed chair jerome powell repeating his message to the markets that the central bank will maintain its current level of restriction until it sees a significant shift in consumer prices. >>> shares of united, they're taking off, shares coming in far higher than analyst estimates. >>> and the whistle blowing hearing regarding boeing. >>> and president biden ramping up tariffs on key chinese imports. it's wednesday, april 17th, 2024, and you are watching "worldwide exchange" right here on cnbc. ♪ >>> good morning. welcome to "worldwide exchange." we're coming to you live from cbc london. thanks so much for being here with us. >>> let's kick off this hour with a check of u.s. stock futures as we always do after a mixed session yesterday that saw the dow snap a six-session losing streak while the nasdaq and s&p close lower. looks like we're on pace for a rebound here in the u.s. looks like the dow would open up 100 points higher here in the early trade. we're also looking at the bond market after a 2-year note. it briefly topped 5% yesterday. that's the highest since april. it's yielding
fed chair jerome powell repeating his message to the markets that the central bank will maintain its current level of restriction until it sees a significant shift in consumer prices. >>> shares of united, they're taking off, shares coming in far higher than analyst estimates. >>> and the whistle blowing hearing regarding boeing. >>> and president biden ramping up tariffs on key chinese imports. it's wednesday, april 17th, 2024, and you are watching "worldwide...
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Feb 5, 2024
02/24
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jerome powell pointed to the latest unemployment numbers as a sign of a strong u.s. economy. the latest jobs report released friday showed u.s. employers added a whopping 353,000 jobs in january. >>> let's see where the markets are right now. not looking good . the dell currently down 320 points. >>> it has been a solid earnings season so far about 80% of s&p 500 company quarterly results have beat estimates, which is slightly higher than normal. investors will be watching this week to see if the major players you see on your screen right now will keep the trend rolling. >>> mcdonald says the tension in the middle east has pushed business down. they license it sprint to independent companies. the fast food chain said year sales in that unit grew less than 1% in the last quarter. year ago, that area was the best performing with more than 16% sales growth. mcdonnell saw a more than 4% growth in the u.s. and other global markets. >>> more trouble for bowing after the company for the fuselage supplier notified the playmaker of two holes the may not have been drilled to company st
jerome powell pointed to the latest unemployment numbers as a sign of a strong u.s. economy. the latest jobs report released friday showed u.s. employers added a whopping 353,000 jobs in january. >>> let's see where the markets are right now. not looking good . the dell currently down 320 points. >>> it has been a solid earnings season so far about 80% of s&p 500 company quarterly results have beat estimates, which is slightly higher than normal. investors will be watching...
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Apr 17, 2024
04/24
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next, we have the latest from fed chair jerome powell and his comments on the state of the u.s. economy. >>> it is wired wednesday and cnet is here to break down some major changes made by the fcc. - [narrator] behold the new churro twists at round table pizza, our most decadent dessert, baked in a flurry of cinnamon sugar and paired with a sumptuous caramel dip. an odyssey of flavor just- - enough fine words. this feast cannot wait! - right. available for a limited time only at round table pizza. choice hotels is a family of brands with a hotel for any traveler you want to be. like #1 chef dad, cookin' up a free, hot breakfast for the entire family at a comfort hotel. mom made this. umm, i... added the garnish. stay twice and get a free night when you book direct. ♪♪ stay twice and get a free night ♪ you've got a friend in me ♪ ♪♪ ♪ you've got a friend in me ♪ ♪♪ ♪ you just remember what your old pal said ♪ ♪ boy, you've got a friend in me ♪ ♪♪ it's a celebration of friendship & beyond. from the new parade to together forever - a new nighttime sp
next, we have the latest from fed chair jerome powell and his comments on the state of the u.s. economy. >>> it is wired wednesday and cnet is here to break down some major changes made by the fcc. - [narrator] behold the new churro twists at round table pizza, our most decadent dessert, baked in a flurry of cinnamon sugar and paired with a sumptuous caramel dip. an odyssey of flavor just- - enough fine words. this feast cannot wait! - right. available for a limited time only at round...
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Feb 1, 2024
02/24
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powell deciding not to hike interest rates, according to the federal open market committee, they decided it wasn't the right time to do so even though inflation is dropping down it hasn't reached the 2% level they would like it to be at. they say it is moving in the right direction. they are more open to interest rate cuts a little later in the year but they are suggesting that the interest rate cuts could happen in march that doesn't seem to be the case according to the fomc and jerome powell they say march doesn't look likely to be that time period, even though you have six weeks between now and the next meeting in march, and we'll have a host of economic data on board, still wouldn't be enough to move the needle when it comes to how far exactly they would have gone on that interest rate decision. so, may not be able to buy as would you want even up until perhaps may. you've got a sale happening, possibly happening byron allen allen has maden has4 billion bid for paramount. he's been part of a few deals before the big question has been is this the real deal we'll give you the details a
powell deciding not to hike interest rates, according to the federal open market committee, they decided it wasn't the right time to do so even though inflation is dropping down it hasn't reached the 2% level they would like it to be at. they say it is moving in the right direction. they are more open to interest rate cuts a little later in the year but they are suggesting that the interest rate cuts could happen in march that doesn't seem to be the case according to the fomc and jerome powell...
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Mar 20, 2024
03/24
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what tone do you think jerome powell will strike today? >> he is going to come off as similarly dovish. the goal is to start inching toward rate cuts. the goal is to start priming markets for expecting a tapering of qt. we are going to get details about qt and details about what it might take to start rate cuts during the press conference. katie: it is not just the dots. we also have the balance sheet. bloomberg economics economist stuart paul. let's keep this conversation going with santander chief economist stephen stanley joining us. tell us about what your most adjusted to see. we have the actual decision. we have the statement. we have the summary of economic projections. we get the press conference. what are you going to be most paying attention to? >> lots to digest. for me, it is the 2024 media.. -- media dot. the fed was projecting three rate cuts as of december. there is some debate in the markets about whether they will move that down to two. i will lean toward them staying at three. but there is certainly a risk of two. that wi
what tone do you think jerome powell will strike today? >> he is going to come off as similarly dovish. the goal is to start inching toward rate cuts. the goal is to start priming markets for expecting a tapering of qt. we are going to get details about qt and details about what it might take to start rate cuts during the press conference. katie: it is not just the dots. we also have the balance sheet. bloomberg economics economist stuart paul. let's keep this conversation going with...
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Mar 7, 2024
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us federal reserve chairman jerome powell says he�*s in no rush to cut interest rates until the data signals a meaningfulfall in inflation. and we take a look at how small businesses in singapore are getting a �*swift lift�*. hello and welcome to asia business report. i�*m steve lai. we begin in the us, where federal reserve chairman jerome powell began two days of testimony on capitol hill. he�*s presenting the central bank�*s semiannual monetary policy report, with lawmakers eagle—eyed for clues about interest rates. 0ur north america business correspondent erin delmore has the details from new york. fed chairjerome powell sat firmly in the spotlight on capitol hill on wednesday previewing what is to come in the year ahead as fed officials contemplate when to cut interest rates and by how much. we believe that our policy rate is likely at its peak for this cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialling back policy restraint at some point this year. powell appeared before the house financial services committee, the firs
us federal reserve chairman jerome powell says he�*s in no rush to cut interest rates until the data signals a meaningfulfall in inflation. and we take a look at how small businesses in singapore are getting a �*swift lift�*. hello and welcome to asia business report. i�*m steve lai. we begin in the us, where federal reserve chairman jerome powell began two days of testimony on capitol hill. he�*s presenting the central bank�*s semiannual monetary policy report, with lawmakers...
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Apr 16, 2024
04/24
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that is the message from america's top banker, jerome powell on us interest rates. the chair of the federal reserve said policymakers hadn't seen enough progress on inflation since its rapid decline last year. and with inflation likely to take longer to return to the fed's desired target of 2%, a cut in rates, he said, didn't seem justified. we've said at the fomc that we'll need greater confidence that inflation is moving sustainably toward 2% before it would be appropriate to ease policy. you know, we took that cautious approach and, sought that greater confidence so as not to overreact to the string of low inflation readings that we had
that is the message from america's top banker, jerome powell on us interest rates. the chair of the federal reserve said policymakers hadn't seen enough progress on inflation since its rapid decline last year. and with inflation likely to take longer to return to the fed's desired target of 2%, a cut in rates, he said, didn't seem justified. we've said at the fomc that we'll need greater confidence that inflation is moving sustainably toward 2% before it would be appropriate to ease policy. you...
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May 15, 2024
05/24
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jerome powell reiterates interest rates will be higher for longer. china is considering buying homes as it shores up earnings. a focus on big banks. including alley yachts. it is today beats for the insurance company with pimco in the mix. profit is above estimates. essentially 4 billion euros. estimates had been 3.86, total revenues are shy of 50 billion euros. a beat when it comes to operating profit. 4 billion euros, estimates had been for 3.6. i will be speaking to the cfo, that interview at 6:30. 15% year to date up. german lender coming out with earnings. beating estimates at commerce bank, above estimates in the interest, estimates were for above 2 billion. net income above estimates comfortably. net income in the first quarter, estimates i been millions. 2.7 5 billion in revenues. above estimates of 2.7 4 billion. in terms of the outlook for income, 8.1 billion euros for the full year. estimates where 8 billion. above estimations for commerce bank. i will speak to the cfo along with the markets today team after 7:00 a.m.. the netherlands thre
jerome powell reiterates interest rates will be higher for longer. china is considering buying homes as it shores up earnings. a focus on big banks. including alley yachts. it is today beats for the insurance company with pimco in the mix. profit is above estimates. essentially 4 billion euros. estimates had been 3.86, total revenues are shy of 50 billion euros. a beat when it comes to operating profit. 4 billion euros, estimates had been for 3.6. i will be speaking to the cfo, that interview...
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Mar 8, 2024
03/24
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host: because you are a member of the financial services subcommittee on capital market, jerome powell reiterated efforts to try to get inflation down to 2% and economy. in order to do that, ultimately, do you think we will get to a point where we are at 2%? guest: we are at 2.4% since last year, and that is close to 2%. i think it is now time to start cutting interest rates, which are not captured in that 4% figure. the cost of a home mortgage is not included when they calculate the cost of living, but, of course, it is part of the cost of living. as far as the economy is concerned, that is expected to be talked about by the president tonight. what would you like him to say as far as the economic outlook and desires in this last year and this potential second term? guest: th finish the job, he hao lay out an agenda beyond what he proposed 3.5 years ago, and i hope it includes regulating, not just negotiating, the price of a few drugs but all drugs. we are paying triple what much of the world is paying for pharmaceuticals, and we are passed legislation, so they get a fair risk when the
host: because you are a member of the financial services subcommittee on capital market, jerome powell reiterated efforts to try to get inflation down to 2% and economy. in order to do that, ultimately, do you think we will get to a point where we are at 2%? guest: we are at 2.4% since last year, and that is close to 2%. i think it is now time to start cutting interest rates, which are not captured in that 4% figure. the cost of a home mortgage is not included when they calculate the cost of...
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Feb 5, 2024
02/24
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add to that jerome powell said they should not be in a hurry to cut interest rates and that this committee will cut it. in other parts of the interview he talked about the strength of the u.s. economy and the fact that his fearing about what the higher rates for the economy didn't actually hi transpire and noably he said they would not be swayed by this year's election. >>> lastly spotify signed a new multiyear very big deal with controversial podcast host joe rogan. tell us more about this new contract. >> yeah, that's right. so "the wall street journal" reporting that spotify has signed a multi-year, $250 million deal with joe rogan. remember that spotify first bought "the joe rogan experience" back in 2020 in an exclusive deal, and that teal was worth $100 million. a bit of a pay bump here. but it's likely a reflection of the fact the show continues to be the number one copodcast in the u.s. there is one new feature because spotify said they're looking to expand the show to be available on other platforms as well. the stock is up on the news. >> all right. joumanna bercetche live from l
add to that jerome powell said they should not be in a hurry to cut interest rates and that this committee will cut it. in other parts of the interview he talked about the strength of the u.s. economy and the fact that his fearing about what the higher rates for the economy didn't actually hi transpire and noably he said they would not be swayed by this year's election. >>> lastly spotify signed a new multiyear very big deal with controversial podcast host joe rogan. tell us more about...
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Apr 16, 2024
04/24
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the 10 - year moving closer to 470 and speaking within the past hours, jerome powell and the most important takeaways for investors. oil down again, gold higher so we are watching commodities and the dollar. there has been some purchasing in big cap tech. med and microsoft are all staying green. we watch some of those chip names, better than 2% there. some big names working on some big-time losing streaks. how about boeing? down for 11 straight days trying to break that streak. six in a row. for berkshire hathaway, you don't hear that too often. home depot and ibm have been off for the past five straight. trying to end some streaks or continue them over he final stretch. the road ahead for stocks, some bigger potholes are now lurking. let's ask adam parker the founder and ceo. good to see you. so man, you've been bullish laying out your case for higher margins, higher stocks. are you rethinking that now? >> no. not really. i think when you are in this band, good news is good and bad news is bad. if it gets too hot, and i could see us getting back to that too good or too hot and suspend cutt
the 10 - year moving closer to 470 and speaking within the past hours, jerome powell and the most important takeaways for investors. oil down again, gold higher so we are watching commodities and the dollar. there has been some purchasing in big cap tech. med and microsoft are all staying green. we watch some of those chip names, better than 2% there. some big names working on some big-time losing streaks. how about boeing? down for 11 straight days trying to break that streak. six in a row....
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Apr 30, 2024
04/24
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michael: jerome powell will probably try to say as little as possible. certainly will have to admit they do not have confidence now and ongoing fallen inflation enough to cut interest rates. he will be pushed on the idea of, do you think you need to raise interest rates? given the consumer confidence numbers and some of the other numbers we have seen showing a slowdown, he will probably say, no, we don't need to do that, but we need to keep an eye on inflation. and we are not going to make any decisions right now, but stay with us. katie: stay with us. bloomberg's mike mckee, i know you have a busy week ahead of you. appreciate your time right now. let's bring the competition to the markets because joining us now, we have elizabeth. i won't ask you about the fed, but i will ask you about amazon of course. we heard from some of its peers last week. you had microsoft and alphabet really with some blockbuster earnings. not the same for meta, which i am sure we will get to. but for amazon, it feels like the stakes are high when you consider the stock's perfo
michael: jerome powell will probably try to say as little as possible. certainly will have to admit they do not have confidence now and ongoing fallen inflation enough to cut interest rates. he will be pushed on the idea of, do you think you need to raise interest rates? given the consumer confidence numbers and some of the other numbers we have seen showing a slowdown, he will probably say, no, we don't need to do that, but we need to keep an eye on inflation. and we are not going to make any...