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Jerome Jay Powell – XtremeCuztoms

Tag: Jerome Jay Powell

Inflation ‘Out of Control,’ Markets ‘Imploding’: Hedge Fund Billionaire Blames Loss of Confidence in Fed

Hedge fund billionaire Bill Ackman has criticized the U.S. Federal Reserve for the way it has handled inflation, warning that the agency’s modest interest rate hikes won’t be able to control the uncontrolled increase in prices. “Inflation is out of control. Inflation expectations are getting out of control. Markets are imploding because investors are not…


BlackRock Warning Fed Rate Hikes May Trigger Recession

The U.S. Federal Reserve’s attempt to rein in inflation by raising interest rates might end up pushing the country into a recession, BlackRock, the world’s largest asset manager, recently warned in a note. “The Fed’s hawkish pivot has raised the risk that markets see rates staying in restrictive territory,” the note said, according to Fox…


There’s a Dollar Shortage

Commentary Last week the Federal Open Market Committee announced they were embarking on the first tightening cycle since December 2015, when the Fed began raising the Federal Funds Rate before lowering rates again in the summer of 2019. Fed Chair Jerome Powell reiterated during his press conference that the Fed was prepared to hike rates…


Cutting Tariffs on Imported Goods From China Could Ease Inflation: Yellen

Reducing the tariffs on imported goods from China, imposed in 2018 by President Trump, through a revived exclusion process could help lower inflationary pressures on the economy, said U.S. Treasury Secretary Janet Yellen on Thursday at the Reuters Next conference. “This is a process by which tariffs can be lowered. And I think that that…


Omicron Could Disrupt US Economic Recovery, Inflation No Longer ‘Transitory’: Yellen

The new coronavirus variant Omicron may affect inflation rates and worsen existing supply chain disruptions leading to slower economic growth claimed U.S. Treasury Secretary Janet Yellen on Thursday at the Reuters Next conference. As the economy keeps recovering from pandemic-related restrictions, and life “returning towards normal” with “increased vaccination and booster shots,” Yellen said that…


Fed Chairman Doesn’t Expect Delta Variant to Impact Economy

Federal Reserve Chairman Jerome Powell said in a news conference on July 28 that he does not see the Delta variant of the CCP virus as a major threat to the U.S. economy. “What we’ve seen is with successive waves of COVID over the past year and some months now,” Powell said at a news…


Fed Chairman Doesn’t Expect Delta Variant to Affect Economy

Federal Reserve Chairman Jerome Powell said in a news conference on July 28 that he doesn’t see the Delta variant of the CCP virus as a major threat to the U.S. economy. “What we’ve seen is with successive waves of COVID over the past year and some months now, there has tended to be less…