Hints and tips:
...He was later cleared of any wrongdoing, as was Powell himself....
...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....
...“I think the Fed is very happy with the set-up that they have right now,” said Eric Winograd, director of developed market economic research at AllianceBernstein. “They have maximum flexibility.”...
...“PCE is going to print a number that is not consistent with reaching the Fed’s 2 per cent target in the near term,” said Eric Winograd, director of developed market economic research at AllianceBernstein...
...On Thursday Fed chair Jay Powell will speak at the Economic Club of New York, at which he may give insight into officials’ thinking ahead of the central bank’s next meeting in two weeks....
...The US Federal Reserve last week kept its benchmark, or fed funds, interest rate between 5 and 5.25 per cent but chair Jay Powell signalled further hikes were to come....
...With my colleagues Oliver Ralph and Eric Platt, I put this question to Warren Buffett, Berkshire’s chair, in an interview five years ago....
...“I’ll also be watching to see if Powell indicates that September is a live meeting, which would be a hawkish signal.”...
...There is not yet a settled name for a Republican replacement of Jay Powell in 2026, so a lot to play for and quite a bit of concern given some of the names she mentions....
...Eric Hickman at Lantern Capital noted that it is normal for GDP to be strong ahead of a recession....
...Eric Winograd, senior economist at AllianceBernstein, said: “To me the most important signal out of [Thursday’s data] is that households continue to consume . . ....
...Lara Trump, who is married to Eric Trump, is arguably the most involved member of the former president’s family in his latest campaign for office, though Donald Trump Jr, the eldest son, has also played...
...“This report paints a picture of a labour market that is hot, and that would not justify cutting rates,” said Eric Winograd, senior economist for fixed income at AllianceBernstein....
...Powell added during his conference that a slowdown in rate rises “may come as soon as the next meeting or the one after that”....
...Judge Eric Davis, who is overseeing the case, ruled in March that the statements aired on Fox were false and that the US Constitution’s first amendment did not shield those who deliberately broadcast lies...
...“The historical record cautions strongly against prematurely loosening policy,” Powell said....
...“I just spoke to Eric & told him you gave very imp[ortant] info,” Bartiromo wrote on November 7, responding to an email in which Powell had included allegations that Dominion was responsible for “voting...
...Powell made clear that a slower pace would not mean an easing up of the fight against inflation, however, he did warn the policy rate would reach higher levels than expected....
...“Powell is a creature of history and to me this is further confirmation that the Fed does not believe inflation is rolling over and going back to 2 per cent.”...
...He added Fox “did more than simply host” guests such as Trump’s lawyer Sidney Powell, a proponent of false claims that Dominion machines were rigged, but rather gave them a “platform”....
...“There are some signs of gradual weakening of labour demand,” said Eric Winograd, an economist at AllianceBernstein....
...“Despite 500 basis points of tightening, we’re just chugging along,” said Eric Winograd, director of developed market economic research at AllianceBernstein....
...In a hearing on Tuesday, Judge Eric Davis, who is overseeing the case, challenged arguments from Fox’s lawyers who opposed Rupert Murdoch’s appearance....
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