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The Dow, S&P 500, and Nasdaq rose Wednesday as the stock market shrugged off whether or not Trump is planning to fire Fed Chair Powell.
Yesterday’s reaction to Jay Powell’s testimony tells us that the same twisted logic is now being applied by traders to the Fed’s views of the future.
Speculation about the fate of Federal Reserve Chair Jerome Powell set off a short-lived tempest in financial markets ...
Wall Street approved of President Joe Biden’s intention to nominate Jerome Powell for a second term at the helm of the Federal Reserve. But the initial jolt in the stock market didn’t last ...
After the market held its collective breath for a week in anticipation, Jay Powell actually gave his speech to assembled central bankers and economists at Jackson Hole on Friday, and traders didn ...
There's a chance Donald Trump won't get lower interest rates even after he finds a replacement for Fed Chair Powell, market pros told BI.
The dollar rises after wide moves in reaction to Fed Chair Powell's Jackson Hole speech. He renewed the pledge to pursue 2% inflation even if it requires higher rates, and to keep them high until ...
Atlanta Fed Market Probability Tracker Indeed, Mr. Powell and Mr. Gundlach might actually be in greater agreement than meets the eye. The bond market reaction would suggest so.
Trump and White House allies have intensified pressure on Powell, urging the Fed to cut its key interest rate through a multi ...