Hints and tips:
...The former president would not be drawn on who he might tap as a successor to Powell, but possible candidates include Kevin Warsh, a former Fed governor, and Judy Shelton....
...At his last press conference, in December, Powell said, “We don’t think about politics”....
...Investors will closely watch Jay Powell’s press conference shortly thereafter, with the Fed chair under intense pressure to set out the central bank’s timeline for probable rate cuts next year....
...She previously served as chief of staff to Sir Ian Powell, Ellis’s predecessor in the top job, giving her an insider’s view of the senior partner role....
...Either way, “we have to have more clarity about what [types of inflation the Fed] is comfortable with”, says Kevin Gordon at Schwab. Is it really full-steam QT for ever?...
...“The past two years have been a humbling experience for strategists and investors,” said Kevin Gordon, a senior investment strategist at Charles Schwab in New York....
...Nor will Jay Powell, chair of the Federal Reserve, or his counterparts in Europe and the UK....
...US House Speaker Kevin McCarthy accused President Joe Biden of not being “sensible” during a speech at the New York Stock Exchange on Monday, where he sought to gain the upper hand in negotiations with the...
...Nearly 80 per cent of new vehicles sold are SUVs or trucks,” said Kevin Book, head of research at Washington consultancy ClearView Energy Partners....
...The House of Representatives has narrowly approved a Republican plan to raise the debt ceiling in a legislative victory for Speaker of the House Kevin McCarthy that will do little to break the stalemate...
...And it all points to what Liz Ann Sonders and Kevin Gordon at the brokerage describe as “waning enthusiasm”....
...Monetary policy: Jay Powell participates in a roundtable discussion hosted by the Federal Reserve Bank of Philadelphia alongside Patrick Harker, chair of the regional bank....
...On the economy, Kevin Hassett, Trump’s former chair of the council of economic advisers, and Russ Vought, the former budget director, are key figures in Trump’s current orbit — though he still speaks to...
...“It’s a step in the right direction,” said Kevin Cummins, chief US economist at NatWest Markets....
...“Regulators and other policymakers should carefully consider the harmful economic impact of this proposal,” the group’s leader Kevin Fromer said in a statement....
...Monetary policy: Federal Reserve chair Jay Powell will participate in a panel discussion with former chair Ben Bernanke in Washington DC....
...Fed chair Jay Powell has now shifted the debate towards the timing and magnitude of rate cuts....
...Kevin McCarthy, the Republican House Speaker, told Joe Biden in an open letter last month he was “incredibly concerned” the US president was “putting an already fragile economy in jeopardy by insisting upon...
...Republican House Speaker Kevin McCarthy has met President Joe Biden this week, and Federal Reserve chair Jay Powell has weighed in too....
...The FT had earlier revealed that US House Speaker Kevin McCarthy would meet Taiwan’s Tsai Ing-wen in California and not Taipei to avoid an aggressive Chinese military response....
...Despite Powell’s comments, markets rallied sharply during and after the press conference on signs of a more dovish approach from the Fed chair....
...In 2013, then governor Powell called that option “loathsome”....
...Other significant individual shareholders at Disney include Jobs’s widow, Laurene Powell Jobs, and Lucasfilm’s George Lucas. Disney hopes they will vote against Peltz’s move to gain a board seat....
...Kevin McCarthy, the Republican leader in the House of Representatives, said his party was on track to regain control of the lower chamber, where it needs a net gain of five seats for a majority....
...Marc FilippinoOK, so I want to play this clip of Fed chair Jay Powell from yesterday’s press conference after the meeting....
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