Hints and tips:
...To mark this moment while it doesn’t yet feel like a mistake, we’ve added a festive Jerome Powell-themed design to our Redbubble store: — Jerome Powell, Christmas Saviour (black text)— Jerome Powell, Christmas...
...Powell also downplayed the risks that the US’s persistently hot labour market would hinder the inflation fight....
...“We’re doing the best of anybody,” Powell said. “We’ve got the strongest growth and the lowest inflation of the advanced economies.”...
...This shouldn’t be a shocking development, as Powell expressed concern about the potential downsides of the proposal when it was first released....
...He’s not going to be able to do anything,” Trump said, referring to Powell....
...“The broader situation is that the economy is strong, the labour market is strong, and inflation is coming down,” Powell said....
...Powell said he had never seen a regulatory proposal elicit so much criticism, adding that there were “real concerns” the plans could increase risks to the banking system and undermine market competition....
...And yet, Powell said, there was still “a way to go” before victory could be declared....
...Powell said that the latest readings showed low unemployment was posing less of a threat to the Fed’s 2 per cent inflation goal....
...Powell has “out-doved” the market. In response, US government bond prices flew higher, while stocks pushed ever closer to a record high....
...Powell is among Trump’s culprits for his 2020 election loss. There are all sorts of supply shock risks in the Middle East and in east Asia....
...On Wednesday, chair Jay Powell changed the tune....
...The central bank is committed only to moving “carefully” with forthcoming decisions, Powell has indicated....
...“A few weeks ago, Powell said policy is restrictive but (on Friday he added that) he believes policy is ‘well into restrictive territory’....
...Powell, Mester and Barkin may also use their remarks to address jitters in the US banking sector....
...Powell sought earlier in the week to cool speculation about a March rate cut, warning that it was not the central bank’s “base case”. “Powell killed a March cut....
...US stocks and government bonds extended their losses on Thursday after Powell’s comments, with the benchmark S&P 500 closing down 0.8 per cent....
...Here, for example, is Fed chair Jay Powell, in a speech yesterday in New York: [The increase in long-term yields] is really happening in term premiums, which is the compensation for holding longer-term...
...But Powell did acknowledge that the risks of doing too little to tackle inflation versus doing too much had become more “two-sided”....
...Powell talks tighter financial conditions An economy in rude health buys a central bank time to wait....
...Powell said the Fed was “attentive” to the rise in yields, which could have “implications for the path of monetary policy”....
...Powell has a particularly target-rich environment for whatever strategy he chooses this year....
...Jay Powell has warned that inflation “remains too high”, raising the prospect of further interest rate increases in the world’s largest economy should price pressures persist....
...Powell has long said the path to a soft landing is narrow, but it sure looks like we are walking it....
...Summing up the challenge in September, Powell said: “Forecasting is very difficult. Forecasters are a humble lot — with much to be humble about.”...
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