Powell emphasizes Fed’s obligation to prevent ‘ongoing inflation problem’ despite Trump criticism

Key Points

Federal Reserve Chair Jerome Powell on Tuesday said he expects policymakers to stay on hold until they have a better handle on the impact tariffs will have on prices.
The cautious tones could further antagonize President Donald Trump, who has ramped up his long-standing criticism of Powell.
Powell will present his speech, along with the Fed’s monetary policy report, first to the House Financial Services Committee on Tuesday morning, then the Senate Banking Committee a day later.

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Finance

Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending

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Key Points JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that lending standards grew too lax in the past decade-plus. Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car […]

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Citi reports a rise in earnings with every business posting record third-quarter revenue

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In this article C Follow your favorite stocksCREATE FREE ACCOUNT Citi is seen on the floor of the New York Stock Exchange on March 3, 2025. NYSE Citigroup posted higher third-quarter earnings on Tuesday before the bell, with every division generating record revenue. Here’s what the bank reported compared with what Wall Street was expecting, […]

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Stocks making the biggest moves premarket: JPMorgan Chase, Goldman Sachs, General Motors, Energy Fuels and more

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