Jerome Powell
Fed cuts by a quarter point, indicates fewer reductions ahead
WASHINGTON – The Federal Reserve on Wednesday lowered its key interest rate by a quarter percentage point, the third consecutive reduction and one that came with a cautionary tone about additional reductions in coming years. In a move widely anticipated by markets, the Federal Open Market Committee cut its overnight borrowing rate to a target […]
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The Fed has a big interest rate decision coming Wednesday. Here’s what to expect
Federal Reserve Chair Jerome Powell speaks during a news conference following the Nov. 6-7, 2024, Federal Open Market Committee meeting at William McChesney Martin Jr. Federal Reserve Board Building in Washington, D.C. Andrew Caballero-Reynolds | AFP | Getty Images Inflation is stubbornly above target, the economy is growing at about a 3% pace and the […]
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Renault shares rise 5% after reports of Nissan-Honda merger talks; European stocks mixed
France has not respected fiscal rules for decades, economist says Financial markets have allowed countries like France to get away with disrespecting the euro zone’s fiscal rules for too long, economist Raphael Gallardo told CNBC Wednesday. France is among a number of euro zone member states that have failed to meet the single currency union’s […]
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Europe stocks open lower; French stocks slide after Moody’s credit downgrade; Broadcaster Canal+ lists in London
European markets opened lower Monday, as traders gear up for a final week of central bank action. The regional Stoxx 600 index opened 0.09% lower, with travel stocks leading losses. France’s CAC 40 index dropped 0.36% as investors assessed credit rating agency Moody’s surprise Saturday decision to downgrade the country’s score to Aa3, from Aa2 […]
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Fed Chair Jerome Powell can serve remainder of term, says Trump’s Treasury pick Bessent
Federal Reserve Chair Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on Nov. 7, 2024. Kent Nishimura | Getty Images Federal Reserve Chair Jerome Powell can finish his term leading the U.S. central bank despite prior insinuations that he could be pushed to step down, said Scott […]
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CNBC Daily Open: U.S. exceptionalism seems difficult to dislodge for now
The New York Stock Exchange on November 21, 2024 in New York City. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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CNBC Daily Open: U.S. exceptionalism seems difficult to dismiss for now
The New York Stock Exchange on Nov. 21, 2024. Michael M. Santiago | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You […]
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CNBC Daily Open: South Korea and its markets are not unfamiliar with impeachment
A man wearing an outfit with a face mask of South Korea’s President Yoon Suk Yeol dances outside the National Assembly in Seoul, South Korea on December 4, 2024, after Yoon declared martial law. South Korea’s President Yoon Suk Yeol on December 3 declared martial law, accusing the opposition of being “anti-state forces” and saying […]
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Powell says he’s not worried about the Fed losing its independence under Trump
Key Points Fed Chair Jerome Powell said Wednesday he isn’t worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January. There are safeguards in the congressional legislation that created the central bank that will help preserve it from political influences, he said during an appearance in New […]
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Watch live: Fed Chair Jerome Powell speaks at Dealbook conference
[The stream is slated to start at 1:40 om ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Wednesday at the New York Times DealBook conference. The appearances comes two weeks ahead of when the central bank will announce its decision on […]
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