Fed's Powell, in Trump's crosshairs, gets backing from Congress
Wednesday, 10 July 2019 () Federal Reserve Chairman Jerome Powell came to Capitol Hill on Wednesday with two goals: cementing the case for an interest rate cut at the end of this month, and bolstering his own Congressional wall of protection against a president who has made a daily habit of Fed bashing unseen since the 1970s.
Jerome Powell, chairman of the Federal Reserve can breath a sigh of relief now that he's finished answered pressing questions from Congress. But the market can breath, too, because it looks like it will get its rate cut. Here's what Powell said over the two days, and what the market implied actions...
Facebook's Libra a hot topic during Federal Reserve Chair Jerome Powell's two-day congressional, President Donald Trump shared his view on Real Money Stock of the Day Facebook's digital currency Libra..
Stocks climbed on Friday as the growing prospect of a cut to US interest rates this month outweighed renewed tensions in the US-China trade war, an unexpected contraction in Singapore, and uninspiring..
WASHINGTON (AP) — The Latest on Federal Reserve Chairman Jerome Powell's presentation of the Fed's semi-annual monetary report to Congress. (all times... SeattlePI.com Also reported by •CBS News •Newsmax