American taxpayers have been unwittingly funding the rise of #China ’s economy & military through China’s talent recruitment plans. This must stop. As Chair of the Permanent Subcmte on Investigations, I will work w/ our fed agencies to ensure this does not continue.
Underscoring that the bar to hiking is higher than the bar to cutting, Fed Chair Jerome Powell said inflation needs to be “persistent” and “significant” before the Fed hikes rates again. #investing #markets #economy
Fed Vice Chair Clardida: - Buying of Treasury Bills is not QE, it gives liquidity - Will do what is necessary for liquidity in end of year $DXY $TNX $SPX
Fed Vice Chair Clarida: - Will deploy all necessary tools in next crisis $SPX
in explaining rate cuts, Fed Chair Powell cites weak manufacturing and business investment data these are things Trump and Republican lawmakers said the 2017 tax-cut was going to jump-start
Big banks are required to take annual stress tests to make sure they aren’t at risk of crashing our economy again. Today, I asked Chair Powell why the Fed looked the other way when 3 banks failed the test: