Fed's change of course is a sign that Powell cares more about crafting the right policy than winning an argument, writes Nick Timiraos
Flexibility is emerging as the hallmark of Jerome Powell’s response to the first economic curveball he has faced during his tenure as Federal Reserve chairman.
On two fronts—interest rates and the Fed’s asset portfolio—Mr. Powell has abruptly changed course in just three months. In doing so, Mr. Powell is showing he cares more about crafting what he thinks is the right policy than winning an argument with either markets or economists.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Reuters Top News @ReutersFed chair Jerome Powell discusses interest rates
Weiterlesen »
Fed looks to avoid crossed signals at policy meetingOnly two things will really matter when Federal Reserve Chairman Jerome Powell s...
Weiterlesen »
Watch Fed Chair Jerome Powell's post-meeting press conference live
Weiterlesen »
Fed Chair Powell says Chinese and European economies have slowed 'substantially'Weakening Chinese and European economies are acting as a deterrent to U.S. growth, Federal Reserve Chairman Jerome Powell says.
Weiterlesen »
Live blog and video of Fed decision and Powell press conferenceThe Federal Reserve is due to release its latest interest-rate decision, as well as new dot-plot and economic forecasts, followed by a press conference with...
Weiterlesen »
Powell talks up economy as Fed rate outlook softensThe Federal Reserve is due to release its latest interest-rate decision, as well as new dot-plot and economic forecasts, followed by a press conference with...
Weiterlesen »
In press conference, Powell to emphasize economy strong enough not to need a rate cutFed Chairman Jerome Powell will likely be a little more upbeat about the economy than he was in January in an effort not to boost the market’s expectation of...
Weiterlesen »
Trump blames Powell's Fed for economy's failure to hit 4 percent growthTrump on Thursday fired a new broadside against the Federal Reserve under Chairman Jerome Powell, blaming the central bank for the economy's failure to exceed 4 percent economic growth last year
Weiterlesen »
Cramer: Powell fixed his 'rookie mistake' and is now on the right path with rates'It's not easy to start. You make your rookie mistakes, you come back. He's a great guy,' CNBC's Jim Cramer says.
Weiterlesen »