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During the 2008 financial crisis, Jay Powell was working in private equity and Steven Mnuchin was getting ready to gobble up IndyMac. Now they are the pillars trying to prop up an economy full of potentially distressed assets. w/ @jeannasmialek 

The coronavirus crisis has thrust Steven Mnuchin, the Treasury secretary, and Jay Powell, the Fed chair, into key roles in determining whether the U.S. economy suffers a short, manageable slowdown or enters a deep and painful recession.

4. Labor Secretary Eugene Scalia will design the rules for unemployment, Jay Powell'>Fed Chair Jay Powell and Treasury chief Steve Mnuchin will hand out trillions, and SBA Administrator Jovita Carranza will decide if loans go to churches or businesses or private equity, and on what terms.

Treasury Secretary Steven Mnuchin and Jay Powell, the Fed chairman, have been thrust into key roles in saving the U.S. economy from the coronavirus. In some ways, they are odd candidates to shoulder such vast responsibility.

Treasury Secretary Steven Mnuchin and Jay Powell, the Fed chairman, have been thrust into key roles in saving the U.S. economy from the coronavirus. In some ways, they are odd candidates to shoulder such vast responsibility.

@AnnieLowrey  Jay Powell could refuse to do QE, and the government could still spend all the money it wants to put money in people's bank accounts. What the Fed does is not a constraint either way. When it comes to giving people money directly, politics is the unavoidable issue.

The fate of the U.S. economy rests in the hands of Jay Powell and Steve Mnuchin, two longtime dealmakers who have never managed an economic crisis

Jay Powell’s big week >> The Federal Reserve has moved faster and farther than ever to try to stem the economic damage from the coronavirus pandemic. How it is all unfolding.

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Our pathetic, slow moving Federal Reserve, headed by Jay Powell, who raised rates too fast and lowered too late, should get our Fed Rate down to the levels of our competitor nations. They now have as much as a two point advantage, with even bigger currency help. Also, stimulate!

As usual, Jay Powell and the Federal Reserve are slow to act. Germany and others are pumping money into their economies. Other Central Banks are much more aggressive. The U.S. should have, for all of the right reasons, the lowest Rate. We don’t, putting us at a.....

Jay Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!

The Federal Reserve must FINALLY lower the Fed Rate to something comparable to their competitor Central Banks. Jay Powell and group are putting us at a decided economic & physiological disadvantage. Should never have been this way. Also, STIMULATE!

People are VERY disappointed in Jay Powell and the Federal Reserve. The Fed has called it wrong from the beginning, too fast, too slow. They even tightened in the beginning. Others are running circles around them and laughing all the way to the bank. Dollar & Rates are hurting...

Manufacturers are being held back by the strong Dollar, which is being propped up by the ridiculous policies of the Federal Reserve - Which has called interest rates and quantitative tightening wrong from the first days of Jay Powell!

As I predicted, Jay Powell and the Federal Reserve have allowed the Dollar to get so strong, especially relative to ALL other currencies, that our manufacturers are being negatively affected. Fed Rate too high. They are their own worst enemies, they don’t have a clue. Pathetic!

At my meeting with Jay Powell this morning, I protested fact that our Fed Rate is set too high relative to the interest rates of other competitor countries. In fact, our rates should be lower than all others (we are the U.S.). Too strong a Dollar hurting manufacturers & growth!

Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc.

Our Economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed, but the Democrats are trying to “will” the Economy to be bad for purposes of the 2020 Election. Very Selfish! Our dollar is so strong that it is sadly hurting other parts of the world...

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