News list for "American League"
Mr. Waller, the Fed governor, said US regulators should deal directly with the risks of stablecoins, which would benefit from regulation and could expand the global role of the dollar by allowing banks and non-banks to issue them.
Federal Reserve Chairperson Jerome Powell on Wednesday warned against reading too much into data showing the largest month-on-month increase in the consumer price index (CPI) in more than a year, while acknowledging that the reading was significantly higher than expected. "The CPI reading is higher than almost all forecasts, but I just want to remind you of two things," Powell told the House Financial Services Committee hearing. "First, we're not going to get excited about one or two good readin...
Federal Reserve Chairperson Jerome Powell attended a hearing of the Senate Committee on Finance, Housing and Urban Affairs to deliver semi-annual monetary policy testimony and answer questions from lawmakers. Key points of Powell's testimony include: Inflation has moved much closer to the 2 per cent long-term target, although still slightly higher, and risks under the dual mandate are being watched closely. Recent data suggest that economic activity continues to grow at a healthy pace.
Federal Reserve Chairperson Jerome Powell said he would not resign even if President Donald Trump asked for it.
Analysts say the market for counterfeit products barely reacted after Federal Reserve Chairperson Jerome Powell expressed doubts about the possibility of further rate cuts this year. The crypto market may have bottomed out. Crypto analyst Matthew Hyland said on February 11 that the crypto market received the worst news of 2025 today, but counterfeit products have seen little to no sell-off, with some even rising. The market may have digested the expectation that the Federal Reserve will keep int...
According to Jin Ten, Federal Reserve Chairperson Powell will appear at the Senate Finance Committee hearing at 23:00 on February 11 and deliver semi-annual monetary policy testimony at the House Financial Services Committee at the same time the next day. After the Federal Reserve failed to achieve the 2% inflation target since 2021, Federal Reserve Vice Chairperson of Supervision Barr has announced that he is about to step down, and the new Treasury Secretary Bescent expressed support for Powel...
Federal Reserve Goolsby: After recent observations, I am optimistic that tariffs will not ultimately become a significant barrier to trade.
Scott Bescent, US Treasury secretary, said he would not criticise the Federal Reserve chairperson and said the Trump administration was not focused on whether the Fed would cut its benchmark policy rate. Mr. Bescent's comments were notable given Mr. Trump's frequent criticisms of Jerome Powell, the Fed chairperson, during his first term as president, when he regularly called for interest rate cuts and explored the possibility of "firing" Mr. Powell. "I'm not going to make any comments on monetar...
US Treasury Secretary Vincent: US President Donald Trump has not called on the Federal Reserve to lower interest rates.
The Federal Reserve's Barkin said it still believes inflation will fall back towards the Fed's 2% target, and the case for raising interest rates depends on evidence of overheating.
