[ad_1] US Federal Reserve Chair Jerome Powell is pushing back against President Donald Trump after deftly avoiding confrontation for months. In a question and answer session on Wednesday, Powell portrayed chaotically implemented tariffs as plainly bad for the economy; slammed the approach taken by the Department of Government Efficiency; and issued a legal defence for…
[ad_1] Central bank easing meets global caution BoE keeps rates steady, SNB cuts on Thursday BOJ remains the G10 outlier By Yadarisa Shabong and Alun John March 20 (Reuters) – Big developed market central banks are turning cautious after a series of interest rate cuts and as uncertainty in global economics and politics grows. Of…
[ad_1] Powell’s Staying the Course Investors’ hopes for rate cuts this year have faded. The past quarter’s economic data showed that the inflation battle is not over; whether the Fed eases now depends on the data, a point Jerome Powell and the Federal Reserve have repeated ad nauseam. Then came last week’s nonfarm payrolls data for April, it was cooler…
[ad_1] By Lawrence Delevingne and Huw Jones -Global shares idled on Wednesday after a lengthy rebound propelled them towards recent record highs, and as investors awaited clues on interest-rate cuts from the Federal Reserve to decide their next move. Fed Chair Jerome Powell is expected to further cement the view that the central bank is…
