News list for "Powell Jo"
Francesco Pesole, an analyst at ING Bank, said the dollar could strengthen further if Federal Reserve Chairperson Jerome Powell maintains his cautious stance on interest rate cuts in a later speech. Pesole pointed out that Powell may maintain his previous cautious tone due to the delay in the release of official employment data due to the US government shutdown. During the data window, this impact may still ferment in the market, and the dollar faces some upside risks. However, he added that onc...
Rabobank foreign exchange strategist Jane Foley said in the report that if Federal Reserve Chair Powell is cautious about cutting interest rates in his upcoming speech, speculators may unwind their previous dollar short positions in the short term. Both the market and Rabobank expect the Federal Reserve to cut interest rates in September, reflecting a weakening labor market. However, Foley pointed out that Powell may still be cautious about easing policy when he speaks at the central bank's annu...
French Finance Minister Eric Lombard has warned that if Trump fires Federal Reserve Chairperson Jerome Powell, it will endanger the credibility of the dollar and destabilize the U.S. economy as bond markets develop. Eric Lombard added that the result of Powell's firing will be higher debt service costs and serious disruption to the national economy, consequences that will sooner or later force the U.S. to negotiate to end tensions.
