Fed’s Powell cautions about higher long-term rates as ‘supply shocks’ provide policy challenges

Key Points

Fed Chair Jerome Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.
“We may be entering a period of more frequent, and potentially more persistent, supply shocks — a difficult challenge for the economy and for central banks,” the central bank leader said at a policy conference.
The “supply shocks” remarks are similar to those Powell has delivered over the past several weeks cautioning that policy changes could put the Fed in a difficult balancing act

Source

Finance

Trump’s war against the Powell Fed has taken another political turn

June 26, 2025

Key Points Federal Reserve Chair Jerome Powell now heads into his next challenge: a potential threat that President Donald Trump could undermine his authority by soon naming his pick to head the central bank. In the wake of the intense criticism, Wall Street has been buzzing over the potential for a “shadow chair,” or someone […]

Finance

Stocks making the biggest moves midday: Micron, Penn Entertainment, Equinix, Core Scientific & more

June 26, 2025

Check out the companies making the biggest moves midday: Micron Technology — The chipmaker slipped nearly 2% even after its fiscal third-quarter financial results topped expectations . Micron’s adjusted earnings were $1.91 per share, versus the $1.60 expected from analysts polled by LSEG. Revenue was $9.3 billion, above the $8.87 billion consensus estimate. Core Scientific […]

Finance

How the Republican megabill targets immigrant finances

June 26, 2025

Key Points Republican legislation known as the “One Big Beautiful Bill Act,” which has President Donald Trump’s backing, would make the financial lives of immigrants more difficult, experts said. That includes both immigrants who are here lawfully and unlawfully. The GOP would strip access to the child tax credit from certain immigrant households. Lawmakers would […]