Tag: Jerome Powell
Senate Confirms Kevin Warsh as Next Federal Reserve Chair
The U.S. Senate on Wednesday, May 13 officially confirmed Kevin Warsh as the next chair of the Federal...
Fed Holds Interest Rates Steady as Dissent Reaches Highest Level Since 1992
The Federal Reserve announced Wednesday, April 29 that it will keep its benchmark interest rate unchanged...
Trump Unveils New Retirement Savings Plan for 56 Million Workers
On Feb. 24, during the annual State of the Union address, President Trump announced a new economic plan...
Steve Moore: Kevin Warsh Nomination is ‘Right on Target’ for Fed Leadership
Renowned economist Steve Moore recently wrote in Fox News that U.S. President Trump’s nomination of Kevin...
Trump Nominates Kevin Warsh as Next Federal Reserve Chair
According to the Associated Press, U.S. President Donald Trump announced on Friday that he will nominate...
Fed Keeps Interest Rates Steady, Signals Future Moves Will Depend on Data
By Gao Yun The Federal Reserve announced on Wednesday, Jan. 28 that it would keep the benchmark...
‘Surprising that it’s taken this long’: Analyst on Fed’s First Rate Cut in 2025
The Federal Reserve cut interest rates by a quarter of a percentage point on Wednesday (Sept. 17) and...
Fed Announces First Rate Cut Since 2020, Lowering Interest by 0.5 Percent
The benchmark interest rate for lending is now 4.75 to 5 percent, following the Federal Reserve's long-awaited...
US National Debt Surpasses $35 Trillion, Servicing it Now Second-largest Budget Item
On July 29, for the first time in history, the U.S. national debt surpassed $35 trillion and servicing...
Federal Reserve Somewhat Confident Inflation Is Returning to Normal Levels, Interest Rate Cut May Be
According to recent comments by Federal Reserve chair Jerome Powell, key U.S. inflation readings measured...
Federal Reserve Hikes Interest Rates to Highest Level Since 2001
On July 26 (Wednesday), the U.S. Federal Reserve raised interest rates by 25 basis points. It’s the 11th...
Global Economy Bets on China Learning to Live With COVID-19: Analysis
Those who believe the world economy can avoid the hardest of landings next year are watching China closely...