Trump, Powell and Fed
Digest more
NEW YORK (Reuters) -Investors are becoming more measured in their reaction to news about Trump's Washington policy, with Wednesday's whipsawing headlines over Federal Reserve Chair Jerome Powell triggering a reaction that fell short of what could happen if the Fed chair was indeed fired.
Speculation about the fate of Federal Reserve Chair Jerome Powell set off a short-lived tempest in financial markets Wednesday, with volatility mostly quelled after President Donald Trump said he has no plans to fire the central bank chief and was only discussing it in “concept.
What was surprising though was how the market reacted to Powell’s words. When you look at the comparative one-day chart for the Nasdaq and Dow Jones ETFs, QQQ and DIA , a couple of things stand out.
Trump is dialing up the pressure on Jerome Powell and could name a new Fed Chair early ... and more importantly, if it has a negative market reaction, bond yields will go up as a result." The path for interest-rate cuts largely depends on incoming ...
Wall Street approved of President Joe Biden’s intention to nominate Jerome Powell for a second term at the helm of the Federal Reserve. But the initial jolt in the stock market didn’t last ...
The dollar rises after wide moves in reaction to Fed Chair Powell's Jackson Hole speech. He renewed the pledge to pursue 2% inflation even if it requires higher rates, and to keep them high until ...
The market reacted as it did because he finally admitted it, but one assumes they were smart enough to know it was true before Powell “central-banker-splained” it to them.
Economists will be watching closely to see what Powell makes of the June jobs report. The Fed chairman has said that the Fed will cut rates if better inflation trends allow it to ease or if the ...
Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi-front push.