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jerome powell

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Fed's Powell sees US boom ahead, with Covid-19 still a risk

Powell noted that roughly a million jobs were added in March, when revisions to jobs data in January and February are included. The unemployment rate fell to 6% from 6.2%.
US Federal Reserve Chairman Jerome Powell(Reuters File)
US Federal Reserve Chairman Jerome Powell(Reuters File)
Published on Apr 12, 2021 05:15 AM IST
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AP | , Washington

Despite US economic recovery, Federal Reserve firm on keeping interest rates low

In order to restore some of the more than nine million jobs still missing due to the Covid-19 pandemic, Fed Chair Jerome Powell's message has been clear: he wants to see more people back to work.
Analysts are expecting the Fed's policy-setting Federal Open Market Committee (FOMC) to maintain its very
Analysts are expecting the Fed's policy-setting Federal Open Market Committee (FOMC) to maintain its very "dovish" stance when it holds its two-day policy meeting next week. Powell on Wednesday is expected to stress once again that the Fed is willing to accept higher inflation to get back to full employment, a goal that took a decade to achieve following the 2008 global financial crisis.(REUTERS)
Published on Mar 14, 2021 11:46 AM IST
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AFP |

Inflation rise expectation, long-term borrowing show US markets at risk

In an appearance at a Wall Street Journal webinar later today, Powell is expected to say the central bank will be ultra-patient in pulling back its support for the economy after the pandemic has ended.
The Stoxx 600 Index slipped 0.7%, dragged lower by miners as gold held near a nine-month low. S&P 500 and Nasdaq 100 contracts declined though were off their session lows, spurred by the 10-year Treasury yield approaching 1.5% on Wednesday and rising inflation expectations.(AFP)
The Stoxx 600 Index slipped 0.7%, dragged lower by miners as gold held near a nine-month low. S&P 500 and Nasdaq 100 contracts declined though were off their session lows, spurred by the 10-year Treasury yield approaching 1.5% on Wednesday and rising inflation expectations.(AFP)
Published on Mar 04, 2021 04:56 PM IST
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Bloomberg |

Powell is patient but markets aren’t, challenging new Fed policy

In the market bleachers, some big names in economics, including Harvard University economist Lawrence Summers and former IMF chief economist Olivier Blanchard, are warning of economic overheating from the $1.9 trillion stimulus bill.
Chairman of the Federal Reserve Jerome Powell. (AP File Photo)
Chairman of the Federal Reserve Jerome Powell. (AP File Photo)
Published on Feb 26, 2021 06:38 AM IST
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Bloomberg |

Powell busts out Fed model to defend high equity valuations

The Federal Reserve chairman noted that relative to risk-free rates of return, a reference to Treasury yields, shares probably aren’t as overpriced as they appear at first blush.
Jerome Powell, chairman of the US Federal Reserve, speaks during a virtual news conference in Tiskilwa, Illinois, US on Wednesday.(Bloomberg)
Jerome Powell, chairman of the US Federal Reserve, speaks during a virtual news conference in Tiskilwa, Illinois, US on Wednesday.(Bloomberg)
Updated on Dec 17, 2020 03:00 AM IST
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By Bloomberg | Posted by Kanishka Sarkar

Precious-Gold hits near 2-week peak on softer dollar; focus on Fed meeting

Spot gold was up 0.5% at $1,966.47 per ounce by 0512 GMT, after hitting $1,967.46 earlier, its highest level since September 2.
FILE PHOTO (REUTERS/Ilya Naymushin)
FILE PHOTO (REUTERS/Ilya Naymushin)
Updated on Sep 15, 2020 01:48 PM IST
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Washington | By Reuters

US economy healthy, unemployment could stay high for years: Fed chief

“But millions of workers in travel, hotels and restaurants have been directly impacted, which means “a couple of years of... relatively high unemployment,” Federal Reserve Chair Jerome Powell said.
Federal Reserve Chair Jerome Powell said the US economy is healthy.(Reuters File Photo)
Federal Reserve Chair Jerome Powell said the US economy is healthy.(Reuters File Photo)
Updated on Aug 27, 2020 09:33 PM IST
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Washington | By Agence France-Presse | Posted by Kanishka Sarkar

Gold climbs to nearly 8-year high as growing Covid-19 fears lift demand

A spike in US coronavirus cases in the recent days has cast a shadow on hopes for a quicker economic recovery, driving inflows into safe-haven assets.
Spot gold was up 0.4% at $1,788.06 per ounce by 0743 GMT, its highest level since early October 2012.(PTI File Photo)
Spot gold was up 0.4% at $1,788.06 per ounce by 0743 GMT, its highest level since early October 2012.(PTI File Photo)
Updated on Jul 01, 2020 02:05 PM IST
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Reuters | By Reuters | Posted by Kanishka Sarkar

Americans face new coronavirus challenge: A shortage of coins

With the partial closure of the economy due to the coronavirus crisis, “the flow of coins through the economy has kind of stopped,” Federal Reserve Chair Jerome Powell told the House Financial Services Committee.
Making matters worse, the US Mint has decreased production of coin due to measures put in place to protect its employees.(Reuters)
Making matters worse, the US Mint has decreased production of coin due to measures put in place to protect its employees.(Reuters)
Updated on Jun 18, 2020 08:26 AM IST
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San Francisco, United States | By Reuters | Posted by: Shivani Kumar

Fed signals it will likely hold short-term interest rate near zero for months

Federal Reserve chairman Jerome Powell said he believed the viral outbreak would imperil the economy for potentially a year or more, particularly if a vaccine or an effective treatment isn’t developed before then.
US Federal Reserve Chairman Jerome Powell after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.(Reuters Photo)
US Federal Reserve Chairman Jerome Powell after the Federal Reserve cut interest rates in an emergency move designed to shield the world's largest economy from the impact of the coronavirus.(Reuters Photo)
Updated on Apr 30, 2020 08:30 AM IST
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Washington | By Associated Press

Most Asia markets rise as bargain-hunting offsets coronavirus fears

After equities suffered their worst week since the financial crisis more than a decade ago, central banks began to flag support measures, with Federal Reserve boss Jerome Powell hinting at a fresh interest rate cut at the bank’s next meeting.
Shanghai led gainers, rising more than two percent after dropping more than five percent last week, while Hong Kong was up 0.7 percent after a loss of around four percent.(REUTERS Image for representation purpose))
Shanghai led gainers, rising more than two percent after dropping more than five percent last week, while Hong Kong was up 0.7 percent after a loss of around four percent.(REUTERS Image for representation purpose))
Updated on Mar 02, 2020 01:05 PM IST
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Hong Kong | By Agence France-Presse

Sensex jumps over 200 points in early trade

On a net basis, foreign institutional investors sold equities worth Rs 604.94 crore, while domestic institutional investors purchased shares to the tune of Rs 667.40 crore, provisional data available with stock exchanges showed Wednesday.
Domestic equities rebounded amid positive cues from Asian and US equities that got a boost after US Fed chair’s congressional testimony.(PTI File Photo)
Domestic equities rebounded amid positive cues from Asian and US equities that got a boost after US Fed chair’s congressional testimony.(PTI File Photo)
Updated on Jul 11, 2019 12:03 PM IST
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Mumbai | By Press Trust of India

Rupee rises 21 paise to 68.36 against US dollar

On Monday, the rupee had retreated from a near two-week high by ending 4 paise lower at 68.57 against the US currency.
Strength in dollar overseas, as investors awaited US Federal Reserve Chairman Jerome Powell’s first congressional testimony for hints on the pace of interest rate hikes, capped rupee’s gains, traders said.(Dhiraj Singh/Bloomberg)
Strength in dollar overseas, as investors awaited US Federal Reserve Chairman Jerome Powell’s first congressional testimony for hints on the pace of interest rate hikes, capped rupee’s gains, traders said.(Dhiraj Singh/Bloomberg)
Updated on Jul 17, 2018 11:11 AM IST
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Press Trust of India, Mumbai | By Press Trust of India

Jerome Powell likely to raise rates in US Fed policy meet, may upgrade 2018 outlook

The Fed raised its benchmark overnight lending rate three times last year, as joblessness fell and economic growth accelerated. It is expected to raise rates by another 25 basis points on Wednesday.
Powell, who took over from former Fed chief Janet Yellen in early February, triggered a brief global market selloff when he told US lawmakers late last month that he had grown more confident in the economic outlook.(REUTERS)
Powell, who took over from former Fed chief Janet Yellen in early February, triggered a brief global market selloff when he told US lawmakers late last month that he had grown more confident in the economic outlook.(REUTERS)
Updated on Mar 21, 2018 02:31 PM IST
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Reuters, Washington | By HT Correspondent
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