Sections SEARCH Skip to content Skip to site index Business Subscribe Log In Log In Today’s Paper Business | Trump Dealt the Fed a Losing Hand. Now It’s Powell’s Play. Advertisement Supported by ByJeanna Smialek July 9, 2019 WASHINGTON — The Federal Reserve’s meeting this month was never going to be an easy one given that officials remain split over when — or whether — to cut interest rates. The last few weeks could set the Fed up for an even more difficult call. President Trump has put the Fed under a microscope, jawboning officials for months to cut rates and calling the central bank America’s “most difficult problem” in a series of tweets on July 5. Fed Chair Jerome H. Powell and his colleagues say they ignore politics when making decisions. But if they do reduce interest rates, as markets expect, some slice of the Fed-watching public will … [Read more...] about Trump Dealt the Fed a Losing Hand. Now It’s Powell’s Play.
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.......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... .......... WASHINGTON — A surprisingly strong burst of job growth over the past year has led many economists to wonder: Where are all the workers coming from? As recently as last spring, analysts had worried that hiring would slow as the pool of unemployed shrank. Many employers have complained for years that they could no longer find enough people to fill their open jobs. Turns out they were both wrong. The pace of hiring in 2018 was the most robust in three years, and for a surprising reason: Many more people have decided to look for work than experts had expected. The influx of those job seekers, if sustained, could help extend an economic expansion that is already the second-longest on record. ADVERTISEMENTSkip The growth in America’s workforce — made up of people either working … [Read more...] about A hot U.S. job market is coaxing people in from the sidelines
By Julia Limitone Published January 10, 2019 The Fed FOXBusiness Facebook Twitter Comments Print video Fed's Powell does appear to be a Yellen and Bernanke type of clone: Former Dallas Fed adviser Quill Intelligence CEO Danielle DiMartino Booth on Federal Reserve policy and concerns over a potential U.S. recession. The Federal Reserve’s recent market-easing message is raising concerns over whether the December minutes had been “massaged.” Continue Reading Below “As a Fed chair, as somebody who came from the private sector, who understood how business was done, [Federal Chairman Jerome Powell] had not previously let the Fed minutes be doctored,” former Dallas Fed adviser Danielle DiMartino Booth told FOX Business’ Lauren Simonetti on “FBN: AM” on Thursday. “It was fairly apparent given yesterday’s minutes release that they were definitely massaged, modified, call it what you … [Read more...] about Did the Fed ‘massage’ December minutes?
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Christopher Condon and Craig Torres Bloomberg News December 26, 2018 President Trump may get the Federal Reserve interest rate-hike pause he wants as his attacks on the Fed and the government shutdown roil stock markets and shave 2019 forecasts for economic growth.The S&P 500 fell 2.7 percent on Christmas Eve, bringing US stocks to the brink of a bear market after a drop of almost 20 percent from a September peak. Shares rallied Wednesday, snapping a four-day losing streak.The latest drop came after Bloomberg News reported Dec. 21 that the president had discussed firing Fed Chairman Jerome Powell following the central bank’s Dec. 19 decision to lift interest rates for the fourth time this year. Advertisement Fed officials accompanied the hike with a signal they would likely slow the pace of increases in 2019. Still, they offered a strong economic … [Read more...] about Trump’s self-inflicted economic damage could cause Fed to pause
By Julia Limitone Published November 16, 2018 U.S. Economy FOXBusiness Facebook Twitter Comments Print video Global growth is decelerating: Fed's Robert Kaplan Federal Reserve Bank of Dallas President Robert Kaplan on concerns over U.S. debt growth and the state of the economy. Dallas Federal Reserve President Robert Kaplan on Friday said the U.S. economy is stronger than he originally thought but faces headwinds next year as the big boost from President Trump’s tax reform begins to fade. Continue Reading Below “Growth in the United States this year is going to be close to 3 percent,” he said during an exclusive interview with Maria Bartiromo. “What I’m conscious of is part of the bump this year is all due to the fiscal stimulus. The government spending that we talked about. Not the corporate tax reform so much, as the individual tax cut financed by increasing debt to GDP. That’s going to start to wane … [Read more...] about US economy will hit snag in 2019: Dallas Fed’s Kaplan