Tag: Jerome Powell

• Thursday, March 21st 2019 - 09:40 UTC

  Fed confirms it does not expect to raise interest rates in 2019

  

  The US Federal Reserve does not expect to raise interest rates for the rest of 2019 amid slower economic growth. After a two-day meeting, monetary policymakers voted unanimously to keep the US interest rate range between 2.25%-2.5%.

• Thursday, January 31st 2019 - 09:15 UTC

  Federal Reserve adopts “wait and see” policy. Economy facing contradictory picture of crosscurrents, says Powell

  

  The Federal Reserve on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations.

• Saturday, January 5th 2019 - 08:40 UTC

  Fed brings relief to markets saying it would be “patient” about rate hikes

  

  Federal Reserve Chair Jerome “Jay” Powell took steps to reassure financial markets on Friday, saying that the US central bank would be “patient” about rate rises. He also defended his independence, saying he would not resign if requested by US President Donald Trump.

• Thursday, December 20th 2018 - 08:59 UTC

  Fed raises interest rate but lowers 2019 forecast to two hikes in 2019

  

  The United States Federal Reserve raised its key interest rate on Wednesday for a fourth time this year but lowered its forecast to two hikes in 2019 amid the recent stock market sell-off and uncertain growth prospects.

• Wednesday, October 24th 2018 - 08:34 UTC

  Trump again bashes the Fed, saying it posed the biggest risk to the US economy

  

  United States president Donald Trump has sharpened his attacks on the Federal Reserve, saying it posed the biggest risk to the US economy. He also targeted Fed chairman Jerome Powell, telling the Wall Street Journal he seemed “happy” to be raising interest rates.

• Wednesday, September 26th 2018 - 21:13 UTC

  Fed raises interest rate and announces a third increase this year

  

  The United States Federal Reserve announced on Wednesday, after a two-day policy meeting, that it would raise interest rates for the third time this year. The decision, which had been widely expected, raised the federal funds rate by 25 basis points, to a range of 2% to 2.25%.

• Sunday, August 26th 2018 - 04:35 UTC

  Argentina's Peso falls 1.42% on Friday, despite a weaker dollar following Fed's Powell speech

  

  Argentina’s peso currency fell 1.42% to a record low close of 30.92 per dollar on Friday, weighed down by an economy slipping into recession, high inflation and uncertainty driven by corruption investigations.

• Thursday, August 23rd 2018 - 08:52 UTC

  Federal Reserve ready to raise interest rates, according to minutes

  

  United States Federal Reserve officials discussed raising interest rates soon to counter excessive economic strength but also examined how global trade disputes could batter businesses and households, minutes of the U.S. central bank’s last policy meeting showed.

• Wednesday, August 22nd 2018 - 08:40 UTC

  Brazil's Real plunges past four to the US dollar, first time since March 2016

  

  Most emerging market currencies worldwide rallied on Tuesday after U.S. President Donald Trump criticized the head of the Federal Reserve for raising interest rates, while Brazil's Real fell to its lowest in more than two years on political concerns.

• Saturday, July 21st 2018 - 07:59 UTC

  Trump “not happy” with the Federal Reserve recent interest rate increases

  

  President Donald Trump cast aside concerns about the Federal Reserve’s independence, saying he was “not happy” with the Fed’s recent interest rate increases. Trump told CNBC in an interview: “I don’t like all of this work that we’re putting into the economy and then I see rates going up.”