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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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Mar 20, 2024
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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
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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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Mar 21, 2024
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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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Mar 6, 2024
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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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Mar 22, 2024
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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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Mar 4, 2024
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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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Mar 19, 2024
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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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Mar 20, 2024
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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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Mar 4, 2024
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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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Mar 20, 2024
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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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Mar 20, 2024
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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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Mar 8, 2024
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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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Mar 18, 2024
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powell but as he would not want to confirm or nominate again these are three good folks who would be good nominees for the federal reserve that would do the right things when it comes to look at inflation price stability should be the key thing that the federal reserve should look at and only have control over others would be john taylor from the hoover institution with the taylor rule we need rolls in place for the federal reserve not just a discussion of higher inflation throughout the economy somebody's going to put in place what americans can expect and what the federal reserve will do overtime. >> another factor for donald trump the wrath against jerome powell he did think that donald trump did not like he started raising interest rates earlier in the president came on him like a ton of brics but then criticized policy which is unprecedented at the time. does he want a yes man or woman in the office? >> i don't think so, i think the president will tell the federal reserve chairman whatever he wants but he want someone who's going to be out there looking at inflation and what hap
powell but as he would not want to confirm or nominate again these are three good folks who would be good nominees for the federal reserve that would do the right things when it comes to look at inflation price stability should be the key thing that the federal reserve should look at and only have control over others would be john taylor from the hoover institution with the taylor rule we need rolls in place for the federal reserve not just a discussion of higher inflation throughout the...
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Mar 7, 2024
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later, feral reserve chair jerome powell ttifying on the central bank's semiannual monetary policy report before th house financial services committee. all coming up tonigh on c-span. >> c-span's "washington journal," a live forum involving you to discuss the latest issues in government, politics and public policy. from washington, d.c. anro coming up thursday morning, we'll discuss tomorrow's state of the union address, government funding deadlines, and conflicts in gaz ukraine, with nebraska republican congressman adrian smith, texas democrat congressman marc veasey, democrc congressman brad sherman, and republic fa keen. join us on c-span, c-span now our free mobile app, or online at c-span.org. >> two years ago, democracy faced the biggest threat since the civil war. today, though bruise, our democracy remains unbowed and unbroken. >> thursdaye union address to outline his priorities for the country. watch our live coverage beginning at 8:00 p.m. eastern with our preview program followed by president biden's state of the union speech, then alabama senator katy britt will give the repu
later, feral reserve chair jerome powell ttifying on the central bank's semiannual monetary policy report before th house financial services committee. all coming up tonigh on c-span. >> c-span's "washington journal," a live forum involving you to discuss the latest issues in government, politics and public policy. from washington, d.c. anro coming up thursday morning, we'll discuss tomorrow's state of the union address, government funding deadlines, and conflicts in gaz...
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when jerome powell stands up at a press conference, he does not really push back against it. that will be the most hawkish outcome. the slightly less hawkish outcome was we would get the two dot plots production here. then they will see how dubberly pushes back. there are so rate cuts coming later in the year. nothing to worry about. the most of a scenario would be the dot plot stay at three rate cuts for this year and drum powell sounds dovish. closer not too far away from the november highs. they have an office in new york. they will be watching closely. you may will see some headlines coming out. the mistry of finance is pushing back and sing the dollar-yen is getting too far. they need to do something about it. if he goes even further, we may even have to see extra intervention to try to support this. probably nonverbal intervention first. certainly currency markets very much in play. euro-yen hit a 16 year high as well. treasury markets will also be watching very closely. people seem to be shorting treasuries very much. if there is a risk, it is short covering. slightly
when jerome powell stands up at a press conference, he does not really push back against it. that will be the most hawkish outcome. the slightly less hawkish outcome was we would get the two dot plots production here. then they will see how dubberly pushes back. there are so rate cuts coming later in the year. nothing to worry about. the most of a scenario would be the dot plot stay at three rate cuts for this year and drum powell sounds dovish. closer not too far away from the november highs....
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Mar 29, 2024
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i think what jerome powell is going to say by june, if things stay in this sort of area, he can lower interest rates on the short end a little bit. and take a wait-and-see attitude. >> sandra: is that a prediction? you think they're going to cut rates this year? >> i think they'll cut them in june. i only know that because larry fink, the best fed watcher i know, thinks that. things might change, you might see other numbers, but there's two stories. wall street is going to let that cut and that's why you see stocks keep going up. main street americans who don't have a lot of money and are not in the markets every day, they are getting screwed here. these prices, the inflation rate might be coming down a bit, might. >> sandra: but prices are not. that's why jerry baker for "the wall street journal" was sitting in that chair a couple weeks ago and he made the prediction, not only does he think rates will have to stay the same this year, he thinks they might have to raise rates at the end of the year. >> if you know jerome powell, and if you're playing in the markets, different audience.
i think what jerome powell is going to say by june, if things stay in this sort of area, he can lower interest rates on the short end a little bit. and take a wait-and-see attitude. >> sandra: is that a prediction? you think they're going to cut rates this year? >> i think they'll cut them in june. i only know that because larry fink, the best fed watcher i know, thinks that. things might change, you might see other numbers, but there's two stories. wall street is going to let that...
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Mar 6, 2024
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from fed chair jerome powell on capitol hill can. mike, when we think about how chair powell is going to be addressing congress, we spoke about some of the issues already. what is he coming up against, especially as inflation is still top of mind? michael: well, he's going to come up against criticism of the fed for not moving quickly enough to bring down inflammation and the fed has admitted it was slow on the trigger there. but in his opening remarks, he talks about how the fed is determined to bring in addition to 2% target. sonali: we are already seeing it met by a bid in the short term market here 2 year yield downs a little bit even just yesterday. liz: although like you'll see a lot to the research report nothing but he seemed hawkish enough. he didn't lean more hawkish than he had to me focused on the dual mandate which some show more balanced. saying we are not clear we have enough process to cut yet but he cuts some of the tail risk out of the market by saying again, rates are at their peak and some time later, we'll cut ra
from fed chair jerome powell on capitol hill can. mike, when we think about how chair powell is going to be addressing congress, we spoke about some of the issues already. what is he coming up against, especially as inflation is still top of mind? michael: well, he's going to come up against criticism of the fed for not moving quickly enough to bring down inflammation and the fed has admitted it was slow on the trigger there. but in his opening remarks, he talks about how the fed is determined...
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Mar 21, 2024
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jerome powell and janet yellen have no way out. if they raise intest raise interest on our debt which will increase faster. if they lower interest rates, it's 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 without necessarily concernedebt. the higher rates that we have seen already in the fed has said they think they are done hiking rates, they are at the peak of their interest rates for now. that has increased interest cost to the government. a challenge but chair powell has made clear as most fed chair is due that they think the spe up to elected officials and not them. chair powell has said he thinks the deficit is not 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 some people worry about some so-called cracks in the labor market. we have still seen heal
jerome powell and janet yellen have no way out. if they raise intest raise interest on our debt which will increase faster. if they lower interest rates, it's 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 without necessarily concernedebt. the higher rates that we have seen already in the fed has said they think they are done hiking rates, they are at the peak of their...
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Mar 20, 2024
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powell being jerome powell council, the lawyer cannot do ph.d. in economics, he understands that the payrolls were revised down by a million positions in the year and in september the 30th, 2023. he sees the what the biden administration has been announcing is not really what in fact has been the data on the ground. not that we ever look back at revisions, but he certainly is being advised about them by the people on the ground and by the way, neil, that helps expand a lot of the anger element. it's not just the fact that the price of the vast -- gas pump and the price at the grocery stores are up but it's also because people are losing their jobs and because the government is telling them that there is also a figment of the environment -- imagination. >> neil: let me ask you about mortgage rates which tend to go on their own or which the fed has very little control got a lot of them are paying the market rates like a ten-year bound -- bond and i can think and has been narrowly backing up of late as the expedition that the economy is strong enoug
powell being jerome powell council, the lawyer cannot do ph.d. in economics, he understands that the payrolls were revised down by a million positions in the year and in september the 30th, 2023. he sees the what the biden administration has been announcing is not really what in fact has been the data on the ground. not that we ever look back at revisions, but he certainly is being advised about them by the people on the ground and by the way, neil, that helps expand a lot of the anger element....
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Mar 7, 2024
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it is a little on those comments from fed chair jerome powell. he said, again, that the expectation is, yes, the fed could probably cut interest rates at this moment, but they're not yet ready to do so. why? they still need further information and further data that indeed interest rates are headed or rather the inflation rate is head back towards 2%. of course he's still had strongish economy up until yesterday's data. you saw a little bit of weakness in that adp report, the private payroll numbers did show some sense of weakness which is then going to perhaps offer some sentiment around what exactly is going to happen for interest rates. it's the second day of congressional testimony as well today for jerome powell, so we'll await more word. and of course we do have those non-pharm payrolls data out tomorrow. >> shares in community bank corp rebounded after the troubled regional bank announced it had raised about a billion dollars in capital. how might that cash infusion help the ailing back and steady nerves across the industry? >> yeah, so i m
it is a little on those comments from fed chair jerome powell. he said, again, that the expectation is, yes, the fed could probably cut interest rates at this moment, but they're not yet ready to do so. why? they still need further information and further data that indeed interest rates are headed or rather the inflation rate is head back towards 2%. of course he's still had strongish economy up until yesterday's data. you saw a little bit of weakness in that adp report, the private payroll...
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Mar 21, 2024
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to hear chairman jerome to hear chairmanjerome powell tell at the federal reserve is looking for its goldilocks path forward making sure the bank doesn't reduce interest rate too much too soon or too little too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and five and a half percent it remains unchanged sincejuly. and while the suspense lies around when the suspense lies around when the fed will cut interest rates powell didn't give any hints. he did say the following sustainably 2% goal before going ahead with any rate cuts. he made the case for a cautious path forward. he made the case for a cautious path forward-— path forward. inflation has eased substantially - path forward. inflation has eased substantially while i path forward. inflation has i eased substantially while the labour market has remained strong. that is very good news. but inflation is still too high, all grown progress in bringing it down is not assured. in the path forward is uncertain. assured. in the path forward is uncerta
to hear chairman jerome to hear chairmanjerome powell tell at the federal reserve is looking for its goldilocks path forward making sure the bank doesn't reduce interest rate too much too soon or too little too much too soon or too little too late. officials decided wednesday to keep the benchmark interest rate at between five and a quarter and five and a half percent it remains unchanged sincejuly. and while the suspense lies around when the suspense lies around when the fed will cut interest...
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Mar 20, 2024
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will be that jerome powell will be giving thatjerome powell will be giving later on to try to get that sense of when those cuts may start to happen. everyone is waiting for this next leg in the story when interest rates started coming down. i thought ou said started coming down. i thought you said that — started coming down. i thought you said that they _ started coming down. i thought you said that they would - started coming down. i thought you said that they would start l you said that they would start cutting rates today, nearly fell off my chair, maybe it was a glitch in the audio all my bad hearing. what expecting them to say what people looking out for in terms of the running commentary they give?- commentary they give? well, es, no commentary they give? well, yes. no cuts _ commentary they give? well, yes, no cuts today, _ commentary they give? well, yes, no cuts today, think - commentary they give? well, yes, no cuts today, think that is unlikely. i think when people are looking at the language they are going to want to try to understand whether the fed is getting ready to c
will be that jerome powell will be giving thatjerome powell will be giving later on to try to get that sense of when those cuts may start to happen. everyone is waiting for this next leg in the story when interest rates started coming down. i thought ou said started coming down. i thought you said that — started coming down. i thought you said that they _ started coming down. i thought you said that they would - started coming down. i thought you said that they would start l you said that...
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Mar 16, 2024
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powell wants to do, to follow what paul volcker did. there are two interests at stake. lower interest rates. wall street wants that. they had virtually 0% interest rates for 10 years. it generates a lot of deals, generate a lot of income from making deals. on the other side of that, if inflation rises, it hits the middle class, it eats into their income, their wage increases. powell is trying to avoid that with interest rate increases and try to make sure inflation is under control. on behalf of all americans who are hurt and who know they are being hurt. paul: let me turn to another subject. president biden's statement that he opposes purchase of $14.1 billion starting with intervention. good decision? >> i spent a lot of time talking about economic rationale for that decision. this is a political decision, riskier than the president is acknowledging. this is throwing out crumbs, but if they kill this deal and the cleveland cliff, the us competitor that wants to purchase u.s. steel is next in line as a suitor you have people talking ab
powell wants to do, to follow what paul volcker did. there are two interests at stake. lower interest rates. wall street wants that. they had virtually 0% interest rates for 10 years. it generates a lot of deals, generate a lot of income from making deals. on the other side of that, if inflation rises, it hits the middle class, it eats into their income, their wage increases. powell is trying to avoid that with interest rate increases and try to make sure inflation is under control. on behalf...
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Mar 21, 2024
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defendant fueled rally after jerome powell says they are still to cut rates this year. awaiting meta-'s ipo. pricing at $34 last night. we'll bring you minute by minute coverage. we mostly see you alan mcknight. how he is allocating around the valley. i am katie greifeld. taking a look at markets right now. a lot of green on the screen behind me. .6%. even more so. currently up by about .9%. something else is happening in the bond.6%. market. they had been meaningfully lower in the overnight session after we got that fed meeting decision yesterday, but moving higher currently. we do have some broking home sales data. let's break it down with mike mckee. mike: some surprising news. we were expecting a kind but instead they rise 9.5%. most of them single-family homes. with mortgage rates coming down just a little, not alive, this is particularly good news. the spring selling season is only just getting underway. maybe the logjam is breaking if people have been waiting long enough to get into the market. katie: we will continue to see if that builds momentum. sticking to t
defendant fueled rally after jerome powell says they are still to cut rates this year. awaiting meta-'s ipo. pricing at $34 last night. we'll bring you minute by minute coverage. we mostly see you alan mcknight. how he is allocating around the valley. i am katie greifeld. taking a look at markets right now. a lot of green on the screen behind me. .6%. even more so. currently up by about .9%. something else is happening in the bond.6%. market. they had been meaningfully lower in the overnight...
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Mar 20, 2024
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what everyone is focused on is what jerome powell signals today , and fellow members are plotting today. you see they each add their names and predictions to a chart about the direction of the federal funds rate. the bank overnight lending rate the so-called dot plot you hear so much about. like i said we'll know in about two hours, to edward lawrence at the white house on what we could be in for. edward? reporter: yeah, the dot plot thickens, right? that's what you said, neil. we're going to get the forecast from federal reserve to see exactly where they see three rate cuts this year still, maybe two, but the federal reserve chairman jay powell is feeling e form us political pressure from democrats who want that first rate cut to start. about two dozen house and senate democrats and a letter to powell saying higher rates are squeez ing working people. now, senators elizabeth warren and sheldon went farther than that in another letter to the fed chairman saying interest rates went too far to fast and the potential they may remain high for too long has halted advances in deploying renewa
what everyone is focused on is what jerome powell signals today , and fellow members are plotting today. you see they each add their names and predictions to a chart about the direction of the federal funds rate. the bank overnight lending rate the so-called dot plot you hear so much about. like i said we'll know in about two hours, to edward lawrence at the white house on what we could be in for. edward? reporter: yeah, the dot plot thickens, right? that's what you said, neil. we're going to...
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Mar 21, 2024
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i mean, naturally, you're looking at three rate cuts this year, that's what jerome powel is saying. the next part of it is whether you're going to see central banks in asia copy that sort of movement later in the year as well. and the whole theme is one of a very soft landing as long as inflation remains or gets to that 2% to 3% target range. that is what the fed is always targeting, that 2% inflation rate. a lot of the discussions of where this is going is based on the strength of the us economy. can you give us an idea of why the us economy is so strong. you've only gotta look at it as far as equity markets, they've been extraordinary of the last 1a or 15 months. that's been strongly bid up. you've got recently good unemployment in the sense that it is low. that's been strong. and the inflation side, with higher interest rates, is certainly fighting the consumer, but the overall momentum of the economy has been relatively bulletproof. so, as it rolls forward, we've gotta see how that maintains over the northern hemisphere summer. and it mightjust happen to be a relatively good rol
i mean, naturally, you're looking at three rate cuts this year, that's what jerome powel is saying. the next part of it is whether you're going to see central banks in asia copy that sort of movement later in the year as well. and the whole theme is one of a very soft landing as long as inflation remains or gets to that 2% to 3% target range. that is what the fed is always targeting, that 2% inflation rate. a lot of the discussions of where this is going is based on the strength of the us...
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Mar 20, 2024
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but with the cost of services biking, jerome powell and his policymakers are looking to keep rates unchanged for a fifth straight time and they want more evidence that they want more evidence that they will return to their 2% target. the risk is the economy's current strength will not last. l115 economy's current strength will not last. ,, ., , economy's current strength will notlast. ,, ., , ,, ., not last. us economy is strong, inflation is _ not last. us economy is strong, inflation is coming _ not last. us economy is strong, inflation is coming back- not last. us economy is strong, inflation is coming back down i inflation is coming back down towards 2% but the longer they keep their foot pressed on the break, the more likely something will go wrong. for small businesses preparing for what they hope will be another surge in demand, the first cut cannot come soon enough. unilever says it will spin off its ice cream business and cut 7,500 jobs worldwide as part of an extensive three—year cost—saving plan. the maker of ben &jerry�*s, wall's and magnum brands says the move will save $8
but with the cost of services biking, jerome powell and his policymakers are looking to keep rates unchanged for a fifth straight time and they want more evidence that they want more evidence that they will return to their 2% target. the risk is the economy's current strength will not last. l115 economy's current strength will not last. ,, ., , economy's current strength will notlast. ,, ., , ,, ., not last. us economy is strong, inflation is _ not last. us economy is strong, inflation is...
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Mar 20, 2024
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but with the cost of service of spiking, jerome powell and his fellow holiday—makers might keep rates unchanged for a fifth time as they want more evidence inflation is returning to the 2% target. the risk is that the current economic strength won't last. ,, current economic strength won't last, ,, . ., ., , current economic strength won't last. ,, ., , ,, ., last. the us economy is strong, inflation coming _ last. the us economy is strong, inflation coming back— last. the us economy is strong, inflation coming back down - last. the us economy is strong, inflation coming back down to l inflation coming back down to the 2% target, but the longer they keep their foot pressed on they keep their foot pressed on the brakes, the more likely something goes wrong. for small businesses _ something goes wrong. for small businesses preparing _ something goes wrong. for small businesses preparing for - something goes wrong. for small businesses preparing for what - businesses preparing for what they hope will be another surge in demand, fed's first cut can't come soon enough. when it comes to v
but with the cost of service of spiking, jerome powell and his fellow holiday—makers might keep rates unchanged for a fifth time as they want more evidence inflation is returning to the 2% target. the risk is that the current economic strength won't last. ,, current economic strength won't last, ,, . ., ., , current economic strength won't last. ,, ., , ,, ., last. the us economy is strong, inflation coming _ last. the us economy is strong, inflation coming back— last. the us economy is...
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Mar 7, 2024
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let's stay with that theme, because the boss of the us central bank, jerome powell, has been giving his twice—yearly testimony before congress. financial markets are always on high alert for any hints about the path of interest rates. but mr powell was playing his cards close to his chest. erin delmore has the details in new york. fed chairjay powell sat squarely in the spotlight on capitol hill wednesday, previewing what's 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 tightening cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at some point this year. powell appeared before the house financial services committee, the first stop in his two day tour of capitol hill. and he pointed to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that
let's stay with that theme, because the boss of the us central bank, jerome powell, has been giving his twice—yearly testimony before congress. financial markets are always on high alert for any hints about the path of interest rates. but mr powell was playing his cards close to his chest. erin delmore has the details in new york. fed chairjay powell sat squarely in the spotlight on capitol hill wednesday, previewing what's to come in the year ahead as fed officials contemplate when to cut...
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Mar 20, 2024
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i take hey, get back from the fed chairman jerome powell later today. what, what can americans, we're watching right now expect will jerome powell is not ready to give borrowers a break not yet. and no doubt it is a very expensive time to borrow mortgages, credit cards, car loans, all of them are very expensive. now remember, the fed started spiking interest rates at it, almost an unprecedented pace, two years ago, trying to get inflation under control. and really since last may, the fed has been in a holding pattern, keeping interest rates at 23 year highs that might be good news for savers who've got money in the bank, but for everyone is borrowing, this is added to some of the pain here. now, fed officials have said they're not going to start lowering interest rates until they get more confidence that inflation really is going back to normal. and so that's why investors, they place almost no chance of a rate cut today every little chance that the next decision on may 1. and really americans are probably going to have to be waiting until june, july, o
i take hey, get back from the fed chairman jerome powell later today. what, what can americans, we're watching right now expect will jerome powell is not ready to give borrowers a break not yet. and no doubt it is a very expensive time to borrow mortgages, credit cards, car loans, all of them are very expensive. now remember, the fed started spiking interest rates at it, almost an unprecedented pace, two years ago, trying to get inflation under control. and really since last may, the fed has...
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Mar 7, 2024
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jerome powell in testimony to lawmakers saying borrowing costs should come down this year but making clear policymakers are not ready to move yet. >> we believe our policy rate is likely at its peak for this tightening cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at sometime this year. the committee does not expect it will be appropriate to reduce the target range until it has gotten rid of confidence that inflation has moved more strongly toward 2%. haslinda: neel kashkari says he expects at most two rate cuts this year. he said while his base case of two cuts remains, the same from december, he might revise it to one for the mid-march meeting. let's get back to our guest, still with us. 2024 is the year of disinflation, rate cuts, we've gone from seven to three and perhaps one. >> i think the market is reacting to what happened in november and december, looking at six rate cuts, then the data moves and we started getting the market saying we .5 and three at best -- 3.5 and three at best this year. if you loo
jerome powell in testimony to lawmakers saying borrowing costs should come down this year but making clear policymakers are not ready to move yet. >> we believe our policy rate is likely at its peak for this tightening cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialing back policy restraint at sometime this year. the committee does not expect it will be appropriate to reduce the target range until it has gotten rid of confidence that...
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Mar 20, 2024
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with the cost of services spiking, jerome powell and his fellow policymakers are likely to keep rates unchanged for a fixed—rate time, wanting more evidence that inflation is returning to the 2% target. the risk is that the current economic strength won't last. the us economy is strong, inflation coming down towards the 2% target, but the longer they keep their foot on the brakes, the more likely something goes wrong. for small businesses _ something goes wrong. for small businesses preparing _ something goes wrong. for small businesses preparing for - something goes wrong. for small businesses preparing for what - businesses preparing for what they hope will be another surge in demand, the fed's first cut can't come soon enough. after commissioning a record number of shows, and was finally doubling down on plans in india. at this event in mumbai, the big global bosses of amazon have announced shows across lots of genres and languages. india is swiftly becoming one of amazon's most important markets. we becoming one of amazon's most important markets.— important markets. we look a
with the cost of services spiking, jerome powell and his fellow policymakers are likely to keep rates unchanged for a fixed—rate time, wanting more evidence that inflation is returning to the 2% target. the risk is that the current economic strength won't last. the us economy is strong, inflation coming down towards the 2% target, but the longer they keep their foot on the brakes, the more likely something goes wrong. for small businesses _ something goes wrong. for small businesses preparing...
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Mar 8, 2024
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kriti: fed chair jerome powell telling congress the central bank is not far from the confidence needed to ease policy. right here in europe, ecb president christine lagarde signals the bank may cut rates in june. it warns tiempo -- geopolitical risks should not be ignored. i want to quick check on the markets. we've got the geopolitical situation coming up of -- off of president biden in his state of the union address overnight. what that means for futures is a little bit of positivity right here in europe. euro stoxx 50 future desire. ftse 100 higher. let's cross the atlantic where you are not seeing the same optimism. futures in the u.s. unchanged. 51 65 on the contracts. nasdaq 100 futures are down 1/10 of 1%. how much is a global story of not wanting the exposure to the house. how much is cashing out ahead of the long weekend with technicals plumbing at -- limiting at play. chairman powell did speak and testimony. you have the ecb dates you in the after facts. the bond market absolutely matters. they have been fairly sanguine as it looks to preclude how to navigate the story. tenur
kriti: fed chair jerome powell telling congress the central bank is not far from the confidence needed to ease policy. right here in europe, ecb president christine lagarde signals the bank may cut rates in june. it warns tiempo -- geopolitical risks should not be ignored. i want to quick check on the markets. we've got the geopolitical situation coming up of -- off of president biden in his state of the union address overnight. what that means for futures is a little bit of positivity right...
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Mar 20, 2024
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but with the cost of services spiking jerome powell and his federal policy makers are likely to keep rates unchanged for a third straight time. they want more evidence that inflation is returning to 2% target. the risk is that the economies current strength won't last. economies current strength won't last-— economies current strength won't last. economies current strength won'tlast. ,, ., , , won't last. the us economy is stron: , won't last. the us economy is strong. and — won't last. the us economy is strong, and inflation - won't last. the us economy is strong, and inflation is - won't last. the us economy is| strong, and inflation is coming back down to the 2% target. but the longer they keep their foot pressed on their break the more likely something goes wrong. the small businesses preparing for what they hope will be another surge in demand, the feds first cut can't come soon enough. unilever says it will spin off its ice cream business and cut 7500 jobs worldwide as part of an extensive cost—saving programme. the maker of ben &jerry�*s, wall's and magnum brands says
but with the cost of services spiking jerome powell and his federal policy makers are likely to keep rates unchanged for a third straight time. they want more evidence that inflation is returning to 2% target. the risk is that the economies current strength won't last. economies current strength won't last-— economies current strength won't last. economies current strength won'tlast. ,, ., , , won't last. the us economy is stron: , won't last. the us economy is strong. and — won't last. the...
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Mar 6, 2024
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and number of jerome powell's colleagues have downplayed that, they are able they say to look through that january data. are we expecting to get a similar message from powell in terms of the way he interprets that data? where are you expecting his messaging to land? jill: when you look at a lot of the statements that powell has made in relation to a lot of his fomc colleagues, he is actually really kind of in the middle of the pack so i would expect him to be sticking with that status quo and that idea that inflation remains under pressure, that cpi print in january was very hot. and as much as fed officials like to say they are incredibly data dependent, they like to depend on where that data is getting them to make decisions on rates. i think that beginning of the year data was, we will have to see what we are ultimately sing out february, march as they continue to create that rate trajectory for the rest of the quarter, rest of the first half of this year. i would expect powell to pretty much match what we heard from those fomc officials but maybe we will get further guidance next
and number of jerome powell's colleagues have downplayed that, they are able they say to look through that january data. are we expecting to get a similar message from powell in terms of the way he interprets that data? where are you expecting his messaging to land? jill: when you look at a lot of the statements that powell has made in relation to a lot of his fomc colleagues, he is actually really kind of in the middle of the pack so i would expect him to be sticking with that status quo and...
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Mar 21, 2024
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. >> jerome powell filing up equities with the dove's stance. can the rally last? here are the top stories. the dovish fed sending the yen stronger for the first time in eight days. japan's finance minister says he's watching the currency with a high sense of urgency. chinese tech socks -- stocks see gains. doubling share buyback and rising dividend pie by 42%. we have a great lineup of guests . we will focus on the indian economy is morgan stanley's chief indian economist. let's get to markets. i get a sense i'm in the wrong color today. of course, it is an everything rally. avril: it is a fed party. a lot of green on the screen. this fed theme is coming through. take a look at the e.m. asia fx, particularly the korean won. the yen also climbing. helped along by comments and parliament. he is striking a neutral tone, avoiding dovishness. after japan comes back from that holiday, we are seeing stocks are really rallying hard today. the msci asia pacific is hovering at a level we haven't seen in two years. tech is leading the charge. it's all the long not just by th
. >> jerome powell filing up equities with the dove's stance. can the rally last? here are the top stories. the dovish fed sending the yen stronger for the first time in eight days. japan's finance minister says he's watching the currency with a high sense of urgency. chinese tech socks -- stocks see gains. doubling share buyback and rising dividend pie by 42%. we have a great lineup of guests . we will focus on the indian economy is morgan stanley's chief indian economist. let's get to...
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Mar 7, 2024
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jerome powell began two days of testimony on capitol hill. he is presenting the semiannual monetary policy with a central bank with lawmakers eagle—eyed for clues about interest rates. 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 first stop on his two—day tour of capitol hill, and he pointed to considerable progress on the economy and said that while inflation remains above the fed's 2% target, it has been easing without significantly increasing unemployment. but while rate cuts are likely this year, he said that the fed is looking for more evidence that inflation is falling sustainably back down to the fed's target a
jerome powell began two days of testimony on capitol hill. he is presenting the semiannual monetary policy with a central bank with lawmakers eagle—eyed for clues about interest rates. 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,...
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Mar 12, 2024
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>> i don't want to be jerome powell with these numbers. they're not good enough to change direction in terms of policy. so if you looked at what he said, he said we've got some work to do. these numbers have to come down. the problem with inflation, martha, is it spiked way up to nine, come back down to 3 or 4 range and it sitting there. if it sits there like that, we're still two times where we should be. if we're at that level, you can't cut rates yet. that's what the politicians want. powell doesn't have an economic reason to do it so if we start to see rate cuts mid year and we still have numbers like this, it start to looks like politics to me, not economics. >> martha: one of the issues that we keep hearing about programs, we heard about them in the state of the union, to give people more money. to relieve student debt. more proms that give people money. so that doesn't help the inflation picture. >> not at all. >> that's why we're stalling out at this high level. the fed -- >> martha: yeah, throwing money at everybody. >> i think if
>> i don't want to be jerome powell with these numbers. they're not good enough to change direction in terms of policy. so if you looked at what he said, he said we've got some work to do. these numbers have to come down. the problem with inflation, martha, is it spiked way up to nine, come back down to 3 or 4 range and it sitting there. if it sits there like that, we're still two times where we should be. if we're at that level, you can't cut rates yet. that's what the politicians want....
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Mar 21, 2024
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ilia: jerome powell dice que maten a la meta de bajar la tasa de inflaciÓn a 2% anual, la noticia de que habrÁ tres recortes dispara la bolsa de new york a niveles muy altos. jorge: detalles sobre extinguidores y llaves de las celdas que apuntan a una posible negligencia de las autoridades durante el incendio en una estaciÓn migratoria de ciudad juÁrez y que murieron cuenta personas. ilia: aumentan diagnÓstico de alzheimer en los estados unidos, los pronÓsticos no son del todo alentadores. jorge: los premios del power ball y mega millions superan los $1,600,000,000, le decimos cuÁnto dinero se lleva un los $1,600,000,000, le decimos cuÁnto dinero se lleva un ganador. sólo tienes que añadirlo donde normalmente pones el suavizante para eliminar los olores profundos 3 veces mejor que el detergente solo. prueba tide fabric rinse. tu gerente de envíos se fue para “encontrarse a si mismos.” dejándote perdida. necesitas contratar. necesito indeed. con indeed puedes atraer, seleccionar y entrevistar candidatos, todo desde un solo lugar. redime tu crédito de 75 dólares indeed
ilia: jerome powell dice que maten a la meta de bajar la tasa de inflaciÓn a 2% anual, la noticia de que habrÁ tres recortes dispara la bolsa de new york a niveles muy altos. jorge: detalles sobre extinguidores y llaves de las celdas que apuntan a una posible negligencia de las autoridades durante el incendio en una estaciÓn migratoria de ciudad juÁrez y que murieron cuenta personas. ilia: aumentan diagnÓstico de alzheimer en los estados unidos, los pronÓsticos no son del todo...
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Mar 21, 2024
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inflation expectations also bumped a little bit higher but jerome powell was pretty adamant. he says they are committed to the 2% target. >> it's interesting because the dot plot was super industry but would what jerome powell had to say took the limelight. he said we are still committed to 2% and he downplayed it and didn't put it aside totally but he said we know february inflation was a little hot and didn't increase our confidence that we are getting to 2% but overall, it seemed more of a bump in the road. they are waiting to see the data confirm that. they don't think it changes the overall picture that we are in this disinflationary path to 2%. i think that lifted risky assets because he seems to be saying that we will go by the data. for now, they feel confident, not competent up but pretty confident they are on the right path and hopefully they will be cutting rates sometime this year. i think that's the take away. he got peppered with a lot of questions even on easing financial conditions which he said they still feel like policies being restrictive and slowing the e
inflation expectations also bumped a little bit higher but jerome powell was pretty adamant. he says they are committed to the 2% target. >> it's interesting because the dot plot was super industry but would what jerome powell had to say took the limelight. he said we are still committed to 2% and he downplayed it and didn't put it aside totally but he said we know february inflation was a little hot and didn't increase our confidence that we are getting to 2% but overall, it seemed more...
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Mar 26, 2024
03/24
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jerome powell was reinforcing the message of a coming down. we heard a few pieces of strong data. we are getting pushback. mr. bostic saying one cut is necessary this year. other saying not quite sure, maybe two, maybe three. we have loads of important data. the big one is the pce, which comes in at the end of the week. interestingly, the market reactions are that, could really be a bit large because it comes on a friday, most of the world is on holiday. u.s. bond market will be at subpar strength. the data will come out. phil -- then on monday, the market reaction could be quite large, especially early in asia. treasury futures will open with australia closed in other people out as well. the chances of a big reaction if you get a high number is ready large. traders are really quite cautious. it has been there for a record amount of time. everyone is dialing back a little bit. they are not as optimistic as they were just a week ago. tom: how times change and just the space of a week. owed on to your hand of that potential rupture when it comes through on friday. the market reactio
jerome powell was reinforcing the message of a coming down. we heard a few pieces of strong data. we are getting pushback. mr. bostic saying one cut is necessary this year. other saying not quite sure, maybe two, maybe three. we have loads of important data. the big one is the pce, which comes in at the end of the week. interestingly, the market reactions are that, could really be a bit large because it comes on a friday, most of the world is on holiday. u.s. bond market will be at subpar...
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Mar 8, 2024
03/24
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sonali: jerome powell did get a number of questions on the balance sheet reduction. how do you argue this is not an economy or market that is on life support when the fed balance sheet is still as bloated as it is? tiffany: exactly. our view is the federal reserve can continue to shrink its balance sheet. the one thing i would note is although it has been reducing the size of its asset holdings over the past year or more, it has not actually tightened liquidity conditions as you would expect. we still have very similar amounts of bank reserves in the system and that is because most of the decline is coming out of the fed's reverse repo facility. what the fed has done so far on qt has not quantitatively tightened anything. there is more room to run. it is reasonable for the fed to reduce the pace at which it is letting assets rolloff in terms of prudence and things like that. nevertheless we think they can go for a while and get the balance sheet down further. we think they can continue qt through the end of 2024 if not into 2025. sonali: that is pimco economist tiffa
sonali: jerome powell did get a number of questions on the balance sheet reduction. how do you argue this is not an economy or market that is on life support when the fed balance sheet is still as bloated as it is? tiffany: exactly. our view is the federal reserve can continue to shrink its balance sheet. the one thing i would note is although it has been reducing the size of its asset holdings over the past year or more, it has not actually tightened liquidity conditions as you would expect....
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charles: jerome powell testifying today before congress. my guest is here to read between the lines because let me tell you, there was a lot going on between the lines. look at that face. we'll be right back. ♪. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts. ♪ me and my friends ♪ ♪ life is better with the credit gods are on your side. rewards once available to the few are now accessible to the many. credit one bank. get cash back rewards, and live large. when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone
charles: jerome powell testifying today before congress. my guest is here to read between the lines because let me tell you, there was a lot going on between the lines. look at that face. we'll be right back. ♪. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close. and also send them away. rich is living life your way. and having someone who can help you get there. the key to...
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Mar 7, 2024
03/24
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powell testifying for the senate banking committee. joining me now is erin delmore, our north america business correspondent. what are we expecting him to say to the senators? the what are we expecting him to say to the senators?— the senators? the federal reserve chairman is — the senators? the federal reserve chairman is a _ the senators? the federal reserve chairman is a veteran _ the senators? the federal reserve chairman is a veteran of— the senators? the federal reserve chairman is a veteran of scenes - the senators? the federal reserve| chairman is a veteran of scenes like this, testifying on capitol hill, and had a run at it yesterday in front of the house. he stuck to the script, saying while we can expect interest rates are at their peak, if things continue as they have been, we in to sedate rate cuts ahead but did not give clues on time. he was cautious, walking a tightrope, saying the federal have to see inflation going down sustainably to its 2% target before cutting interest rates. he warned more evidence is necessa
powell testifying for the senate banking committee. joining me now is erin delmore, our north america business correspondent. what are we expecting him to say to the senators? the what are we expecting him to say to the senators?— the senators? the federal reserve chairman is — the senators? the federal reserve chairman is a _ the senators? the federal reserve chairman is a veteran _ the senators? the federal reserve chairman is a veteran of— the senators? the federal reserve chairman is...
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Mar 30, 2024
03/24
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that's why i think jerome powell should do nothing for the foreseeable future. neil: and that might be the case. thank you very much, dan geltrude, on that. we were showing you the markets for the week. if they're concerned about any of this, of course, they had a funny way of showing it. they were closed yesterday for good friday, i think dan touched on that. but the fact of the matter is the inflation worries from this or at least period are alive and well, and the fed chair -- if it stays stubborn, there's no rush the start cutting rates. the betting is that that he will, though, as a early as june. that is not a sure thing. we're following that and also following the funeral for nypd officer a jonathan diller, the latest of that including a former police commissioner says we don't need to see this keep happening. after this. rkplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward to a more confident future. voya, well planned, well inve
that's why i think jerome powell should do nothing for the foreseeable future. neil: and that might be the case. thank you very much, dan geltrude, on that. we were showing you the markets for the week. if they're concerned about any of this, of course, they had a funny way of showing it. they were closed yesterday for good friday, i think dan touched on that. but the fact of the matter is the inflation worries from this or at least period are alive and well, and the fed chair -- if it stays...
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Mar 7, 2024
03/24
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powell. he said interest rates have likely reached their peak and he expects they will come down this year. but he says the committee is concerned about adjusting rates too soon. >> reducing policy restraints too soon or too much could result in a reversal in progress and require tighter policy to get inflation back to 2%. >>> powell says the committee will adjust rates when data shows inflation moving toward its 2% goal. >>> for the first time in a decade, credit scores have gone down during the pandemic scores were high. americans were saving money because they had the still money. fico says more consumers are falling into debt because they can't keep up with the high sprs and prices. as a result credit card balances are higher and less people are paying them off. lower credit scores americans may have trouble getting loans or buying houses. >>> a rare discovery off the new england coast. scientists spot a whale far from . >>> what a sight an incredible sight for new england scientists. >>
powell. he said interest rates have likely reached their peak and he expects they will come down this year. but he says the committee is concerned about adjusting rates too soon. >> reducing policy restraints too soon or too much could result in a reversal in progress and require tighter policy to get inflation back to 2%. >>> powell says the committee will adjust rates when data shows inflation moving toward its 2% goal. >>> for the first time in a decade, credit scores...