Strategists at UBS Global Wealth Management said in a note that the dollar is likely to weaken as US data next week is expected to show weakness. Key data include retail sales, consumer confidence and existing home signings on Tuesday, followed by durable goods orders, weekly jobless claims and new home sales on Wednesday. Strategists pointed out that the data will affect market expectations for economic growth, inflation and Federal Reserve policy. "We still expect the upcoming data to be soft ...
On August 12, according to foreign media reports, officials said that the Trump team expanded the field of candidates for the Federal Reserve chairperson, and Federal Reserve Governor Bowman and Federal Reserve Vice Chairperson Jefferson were included in the list of candidates. The White House is expected to announce the choice of Federal Reserve chairperson this fall.
According to foreign media reports, officials said that the Trump team has expanded the field of candidates for the Federal Reserve chairperson, including Federal Reserve Governor Bowman and Federal Reserve Vice Chairperson Jefferson. The White House is expected to announce the choice of Federal Reserve chairperson this autumn.
On August 9, according to the Wall Street Journal: According to people familiar with the matter, U.S. Treasury Secretary Vincent is leading the search for the next Federal Reserve chairperson, and the team will expand the selection of Federal Reserve chair candidates to add new names to the list, including former St. Louis Federal Reserve President James Bullard and former George W. Bush adviser Mark Summerlin.
According to the Wall Street Journal, U.S. Treasury Secretary Vincent Bescent is leading the search for the next Federal Reserve chair, and the team will expand the selection of Fed chair candidates to add new names to the list, including former St. Louis Federal Reserve President James Bullard and former George W. Bush adviser Mark Summerlin.
Johnson, the speaker of the US House of Representatives, said he is open to reforming the Federal Reserve, but depends on the details.
Here are the key points that the market will focus on in the coming week: Monday at 20:30, 2025 FOMC voting committee and Chicago Federal Reserve President Goolsbee gave an interview to CNBC. On Tuesday at 21:00, Federal Reserve Vice Chairperson Jefferson addressed the Economic Mobility Summit. On Tuesday at 22:00, European Central Bank President Christine Lagarde gave an interview to CNBC. On Tuesday at 21:30, the 2026 FOMC voting committee and Philadelphia Federal Reserve President Harker addr...
According to Reuters, Powell has said that U.S. law does not allow the president to remove him from office, and he will not resign voluntarily even if Trump asks for it, and plans to serve a full term as Federal Reserve chairperson until May 2026. In addition, Mr. Powell, who will serve until January 2028 as a member of the Fed's board of governors, also said this week that he thought it was unlikely that the cases currently before the US Supreme Court would apply to the Fed.
The Federal Reserve is being forced to adopt a neutral stance, and there may be no opportunity to cut interest rates at all in the future... Click to view...
Federal Reserve Governor Robert Kugler: PCE inflation is expected to be 2.4% in January, and core PCE inflation is expected to be 2.6%; there is still some distance from the 2% target.