US Fed should avoid climate change ‘mission creep’: Powell
Jerome Powell, head of the US central bank, warns that the Federal Reserve should avoid getting involved in politically-charged issues like climate change without Congressional approval in order to maintain public trust. Powell emphasized the importance of avoiding ‘mission creep’ and staying within the Fed’s mandate of setting monetary policy and banking regulation.
Federal Reserve Chair Jerome Powell Testifies Before US House Committee
Federal Reserve Chair Jerome Powell testified before the Financial Services Committee of the US House of Representatives, outlining potential changes to banking regulations and the Fed’s stance on interest rates. Powell expressed confidence in the US economy and signaled a cautious approach to cutting rates, with limited market reaction to his testimony.
Federal Reserve Chair Jerome Powell Holds Press Conference on Interest Rate Policy Decision
Federal Reserve Chair Jerome Powell held a press conference to provide insights into the Fed’s decision-making process and its implications for the economy. Powell emphasized the Fed’s commitment to maintaining a balanced approach to monetary policy and offered transparency on the considerations that guide the central bank’s actions. His remarks provided valuable context for investors, businesses, and the general public, offering insights into the factors shaping the country’s monetary policy.
Market Volatility Expected with Central Bank Decisions and U.S. Jobs Report
This week’s potential market volatility is driven by high-impact events from central bank decisions to the all-important U.S. jobs report. Key catalysts to watch include the U.S. ISM Services PMI, Bank of Canada and Fed announcements, and the European Central Bank decision.
Fed’s Plans for Balance Sheet Reduction
Max is back on top: Here’s what’s worth streaming in February 2024 Investors are eager to hear more on Wednesday about when the Federal Reserve might pivot to lower interest rates. But that won’t be the only focus after the…