Statement from Fed Chair Jay Powell on Paul Volcker. Worth remembering Volcker faced down the Reagan White House as they attempted to influence interest rate policy (eg precisely the same thing Trump is doing today). Tho Reagan was somewhat more subtle about it...
Statement from Chair Powell on the death of Paul A. Volcker: Statement from Chair Powell on the death of Paul A. Volcker FED
Given the fact that Fed Chair Jay Powell has set a very high hurdle for hiking rates, one would anticipate that this would bolster asset prices across financial markets support risk taking in the real economy. An early holiday gift for investors.
BREAKING: Fed chair Powell in Jackson Hole speech: No 'rulebook' on trade, pledges the Fed will 'act as appropriate' to sustain the economy
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: