Fed Governor Philip Jefferson named as new vice chair to realize success Lael Brainard

Fed Governor Philip Jefferson named as new vice chair to realize success Lael Brainard


Critical Points
  • President Joe Biden explained Friday he will nominate Philip Jefferson to provide as the central bank’s vice chairman.
  • He also intends to nominate Adriana Kugler for a vacant governor’s seat and Lisa Cook dinner for a different expression as governor



Source

Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show
Finance

Divided Fed officials saw another two interest rate cuts by the end of 2025, minutes show

watch now VIDEO3:1603:16 Fed minutes: Most participants say it would be appropriate to ease further to end the year Power Lunch Federal Reserve officials in September were strongly inclined to lower interest rates, with the only dispute seeming to be over how many cuts were coming, meeting minutes released Wednesday showed. The meeting summary indicated […]

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Stocks making the biggest moves midday: TopBuild, Confluent, Alcoa, Viasat, Joby Aviation and others
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Stocks making the biggest moves midday: TopBuild, Confluent, Alcoa, Viasat, Joby Aviation and others

Check out the companies making the biggest moves midday: TopBuild — The insulation installer rallied almost 8% after agreeing to buy Specialty Products and Insulation for $1 billion in cash . “The addition of SPI’s resources and capabilities further enhances our customer value proposition while its complementary fabrication footprint strengthens and expands our presence across […]

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Stocks making the biggest moves premarket: AST SpaceMobile, Joby, Trilogy Metals, Rocket Lab and more
Finance

Stocks making the biggest moves premarket: AST SpaceMobile, Joby, Trilogy Metals, Rocket Lab and more

Check out the companies making headlines in premarket trading. Joby Aviation — Shares of the electric air taxi maker plunged 11% after the company announced the pricing of a previously announced stock offering. Joby will sell 30,500,000 common shares for $16.85 each, translating to gross proceeds of around $513.9 million. AST SpaceMobile — Shares surged […]

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