, with investors anxious to learn whether he will confirm or confound expectations for U.S. policy easing this month.slowing economic activity and increased risksHowever, Powell is also likely to keep the markets — and the White House — guessing about how soon and how deep the Fed intends to trim rates, when it meets at the end of July. The prevailing view, priced into the futures market, is for a 100% chance of a quarter point rate cut July 31.
Overnight, Atlanta Fed President Raphael Bostic said the U.S. central bank was debating the risks and benefits of letting the world's largest economy run "a little hotter."In corporate news,
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Dow futures lower ahead of Fed's Powell speechU.S. stock index futures were lower on Tuesday morning, as traders waited to hear from Federal Reserve Chairman Jay Powell. Mr. Sunshine.... 🙄
Source: CNBC - 🏆 12. / 72 Read more »
Fed Chairman Jerome Powell’s Approach to Interest-Rate Policy Wins Bipartisan BackingPresident Trump’s relentless public criticism of the man he picked to run the Federal Reserve, Jerome Powell, isn’t broadly shared by lawmakers who confirmed the central bank leader to his post last year. That's a dumb head line. Republicans back everything Trump does, the poll numbers support it. So you're just saying Dems/Indys..... And we should listen because Congress has been so good at running the economy before Trump. We like the work that you do, keep it coming. check out partnerts instactyptonews , they have a great account and we working together on developing super fast tweets & news delivery .
Source: WSJ - 🏆 98. / 63 Read more »
Fed grand jury investigating former Trump inaugural vice chair: SourcesNEW: A federal grand jury is investigating whether Elliott Broidy, a former co-chair of finance at the RNC, inappropriately used his role as vice-chairman of Trump’s inaugural committee to benefit financially, two sources confirm to ABC News. God he's gross looking. Not surprised he had to pay for sex NEW: A federal grand jury is playing a game of clue with whether Elliott Broidy, a former co-chair of finance at the RNC, inappropriately used his role as vice-chairman of orange man’s inaugural committee to benefit financially, two sources confirm to News.
Source: ABC - 🏆 471. / 51 Read more »
Fed Chair Powell's job is safe 'at the present time,' Larry Kudlow says'I personally believe the Fed should be independent,' Larry Kudlow said. 'But that word 'independent,' I mean, it doesn't mean they operate from another planet.' CapitalExchange Larry Kudlow, my former favorite actor, is nuts The Fed operates from the planet Earth, not sure which planet Kudlow is operating from. Wait Isn’t that exactly what that means Far from any influence
Source: CNBC - 🏆 12. / 72 Read more »
Pelosi: Trump’s labor secretary should resign over Epstein | Republican senators back Fed’s PowellHouse Speaker Nancy Pelosi late Monday tweeted that the Trump administration’s labor secretary, Alexander Acosta, should resign. Meanwhile, Republican senators don’t share President Trump’s view of the Fed’s Jerome Powell. Yeah, Bill Clinton, is already resigned SpeakerPelosi SenSchumer should resign. Lets go back a few years and relitigate every decision you and your cohorts made. You won't like it. Could you people be any more ridiculous!
Source: MarketWatch - 🏆 3. / 97 Read more »
Powell May Face More Questions on Fed’s Approach to Climate Change RisksFed Chairman Jerome Powell’s views on interest rates and the economy should be the main focus as he testifies before Congress this week, but he also may field questions on what the central bank is doing to address climate change risks. JayInslee can help that happen Yeah, because that's the job of our central bank. To fund and finance psuedo science. That is the dumbest thing I have read tonight.
Source: WSJ - 🏆 98. / 63 Read more »