Jerome Powell, the current head of the Federal Reserve, had an unusual start to his career. He didn't always see himself in the world of economics. In fact, he once thought it was dull and pointless. This is what he shared with graduates of Princeton University. Powell graduated from Princeton with a degree in politics, not economics. He had no clear plan after coll...
The Fed Chair Jerome Powell is facing intense pressure from the president. The president's frustration stems from Powell's reluctance to lower interest rates. The president believes that the Fed should have reduced rates earlier, especially when compared to the European Central Bank's recent move. This tension comes at a time when the economy is facing challenges due...
The Federal Reserve Chair, Jerome Powell, has a unique fashion sense. He often wears purple ties. This might seem like a small detail, but it's actually quite significant. Powell's choice of tie color is a statement about his role and the Federal Reserve's independence. The Federal Reserve is supposed to be nonpolitical. Its job is to manage the economy, not to play...
The Federal Reserve has long been seen as a safety net for investors during market crashes. However, recent events have shown a shift in this dynamic. The latest market downturn, triggered by President Trump's tariffs, has not prompted the Fed to step in immediately. Jerome Powell, the Fed's chair, has made it clear that the central bank is taking a more cautious app...
The Federal Reserve is in the middle of a two-day meeting. This gathering is crucial because it sets the stage for future economic decisions. The Federal Open Market Committee, or FOMC, is the group in charge. They will wrap up their discussions on Wednesday with a big announcement. This announcement will give clues about what they think of the economy and what they ...
You might not expect the Federal Reserve Chair, Jerome Powell, to influence bitcoin's value. But during a recent talk with CNBC, Powell’s comments gave bitcoin a boost. He revealed he doesn't own any crypto and noted that the Fed can't control it. But when he compared bitcoin to gold, people took notice. He highlighted that both are seen as speculative assets and are...
Federal Reserve Chair Jerome Powell will be speaking at the New York Times' DealBook conference today. This talk is happening just two weeks before the central bank announces its decision on interest rates. It’s also Powell’s last public appearance before that important meeting. Markets are expecting the Fed to lower its benchmark interest rate by 0. 25% from its cu...
Federal Reserve Chairman Jerome Powell has been skillfully avoiding questions about President-elect Donald Trump. However, as Trump's ambitious economic agenda takes shape, Powell might not be able to dodge the topic forever. Trump's plans include significant tax cuts, increased government spending, and strict trade policies. These moves could have a big impact on th...
Imagine a world where a central bank chief announces a significant rate cut, and instead of sparking controversy, it brings relief to the economy. That's exactly what happened when Jerome Powell, the Federal Reserve chair, made the decision to lower borrowing costs by a half-point. The move was seen as a giant step forward in sustaining the US economy's momentum. Ho...
The final week of July begins with cryptocurrency investors bracing themselves for a potentially volatile ride. After a weekend of political developments and central bank meetings on the horizon, Bitcoin and Ether are experiencing a reversal in their gains. But what's driving this market movement, and what does it mean for the future of cryptocurrency? The Federal R...