Jerome Powell, chairman of the Federal Reserve, has been playing the alarm, which many recent graduates already know – it is really difficult to get a job from university at this time. Speaking at his regular press conference after the Federal Open Market Committee meeting, Powell called it “an interesting labor market”. He said people … Read more
Provided Gertrude Chavez-Dreyfuss and Laura Matthews New York (Reuters)-Bond investors buy longer terms to 10 years debt and increase betting due to a more sudden yield curve, hoping that the Federal Reserve Bank will reduce interest rates this week after nine months of pause. The Federal Open Market Committee of the US Central Bank’s Policy … Read more
Jerome Powell, Chairman of the Federal Reserve, met with President Trump And firmly repeated Fed’s independence, emphasizing that monetary policy decisions are based solely on economic data, not political pressure. Despite the constant Trump’s calls to reduce interest rates and previous threats to Great Powell, the Fed said its powers are based on maximum employment … Read more