Fed Powell Says Progress in Reducing Inflation Stalled (Second column, 5th story, link) Related stories:Market fear signals flashing redIMF Steps Up Warning Over Spending and Ballooning DebtThe overlooked threats to global financial system Drudge Report Feed needs your support! Become a Patron
Asian shares were mixed on Wednesday as the world’s most powerful central banker had a change of heart on US rate cuts this year, pushing Treasury yields to new five-month highs and the dollar towering against other currencies. The beleaguered yen is plumbing fresh 34-year lows on an almost daily basis. It was last steady […]
Federal Reserve Chair Jerome Powell said Tuesday that the U.S. economy, while otherwise strong, has not seen inflation come back to the central bank’s goal, pointing to the further unlikelihood that interest rate cuts are in the offing anytime soon. Speaking to a policy forum focused on U.S.-Canada economic relations, Powell said that while inflation continues to make its way lower, it hasn’t moved quickly enough, and the current state of policy should remain intact. “More recent data shows...
Powell said that while inflation continues to make its way lower, the
US Will Not Accept Another "China Shock", Yellen Says By Dorothy Li of The Epoch Times China commonly floods global markets with cheap products, and the United States will not allow this to threaten U.S. jobs, Treasury Secretary Janet Yellen said on April 8 as she concluded a return visit to China. After Bejing’s acceptance into the World Trade Organization, massive quantities of low-priced products exported from China killed about 2 million jobs in the United States and led to...
Federal Reserve Chair Jerome Powell says recent data show a lack of further
In a Truth Social post outlining his view of reproductive rights, former US president declined to endorse a national abortion banDonald Trump on Monday announced his belief that individual US states should decide the legality of abortion, declining to endorse a national ban on the procedure.The former president’s stated position dashed hopes of anti-abortion groups, who want a federal ban, and drew the ire of Democrats, who blame Trump for outright bans and severe restrictions already in place...
Harris traveled to Tucson on Friday just days after the AZ court's ruling. Donald Trump wrote Friday the state's Supreme Court 'went too far' with ruling but has praised the overturning of Roe and said issue should be left to states. READ MORE:
Former president’s comments are being described as a shift in tone days before Republicans vote on a multibillion-dollar aid package. What we know on day 786See all our Ukraine war coverageDonald Trump has said the survival of Ukraine is important to the US, in what Reuters describes as a shift in tone days before Republicans are due to vote on a $61bn aid package in the US House of Representatives. “As everyone agrees, Ukrainian Survival and Strength should be much more important to Europe than...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed rate cuts until later this year, opening the door to a period of higher-for-longer interest rates. “Recent data have clearly not given us greater confidence” that inflation is coming under control” and instead indicate that it’s […]
Federal Reserve Chair Jerome Powell cautioned that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates
The Federal Reserve is likely to cut rates before the European Central Bank does, a former member of the Bank of England said.