The emphasis on communications is evident in Mr Powell's decision this year to hold news conferences after every Fed meeting, double the previous frequency.AS President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed's communication since its shift in January to a"patient" approach on rate hikes.
The grades are important because they help the Fed gauge how well its message is getting through to financial markets. The Fed relies on its credibility with investors to influence the economy. President Trump, meanwhile, has publicly slammed the central bank's prior rate hikes for thwarting economic growth and he also pressed policymakers to change course.
The emphasis on communications is also evident in Mr Powell's decision this year to hold news conferences after every Fed meeting, double the previous frequency.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall St edges higher at open, Fed minutes awaited[NEW YORK] US stocks opened slightly higher Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the Federal Reserve's latest meeting and the start of the corporate earnings season. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
As Trump pressures Powell, Wall Street gives Fed a passing gradeAs President Donald Trump keeps up his attacks on the Federal Reserve's policies, Wall Street is cautiously embracing them, giving a passing grade ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Wall St ekes out slight gains at open, earnings awaited[NEW YORK] US stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead to the start of the corporate earnings season. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Wall St treads water ahead of big bank earningsU.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street ekes out gains as investors shrug off Fed minutesU.S. stocks opened slightly higher Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Wall Street edges higher at open, Fed minutes awaitedU.S. stocks opened slightly higher Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Under Donald Trump, Fed faces politicisation: ReportWASHINGTON The US Federal Reserve has regularly faced criticism from President Donald Trump, but in recent days the President took matters into his own hands - raising concerns that the Fed is being politicised. Not only did he again urge the Fed to lower interest rates,...
Source: thenewpaper - 🏆 7. / 63 Read more »
Trump’s pick for Fed, dons ‘armour of God’ against criticsSAN FRANCISCO : Mr Herman Cain, the former pizza chain executive whom US President Donald Trump has picked for a policy seat on the Federal Reserve, said he is being attacked for being a conservative, but that he will put on 'the full armour of God' to protect...
Source: thenewpaper - 🏆 7. / 63 Read more »
S&P 500 flat ahead of Fed minutesU.S. stocks opened slightly higher Wednesday after a bout of selling on trade and growth concerns, with investors awaiting minutes from the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Would a political Fed rescue the world?As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »