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US Senate confirms Trump nominee Jerome Powell as next Fed chair
AOL· 7 days agoThe U.S. Senate on Tuesday confirmed Federal Reserve Governor Jerome Powell as the next head of the central bank, succeeding Janet Yellen in a move likely ...
This week in Bidenomics: No stag, no 'flation, just consternation
Yahoo Finance· 6 days agoFederal Reserve Chair Jerome Powell gave a backhand compliment to the Biden economy during his...
Average long-term US mortgage rate snaps five-week string of increases, but remains above 7%
Associated Press via AOL· 10 hours agoThe average rate on a 30-year mortgage fell for the first time in four weeks, a slight relief for...
Fed’s Daly Says ‘More Time’ Needed for Restrictive Rates to Work
Bloomberg via Yahoo Finance· 6 hours ago(Bloomberg) -- Federal Reserve Bank of San Francisco President Mary Daly said interest rates are...
What CFOs Are Saying About Higher-for-Longer Rates
The Wall Street Journal· 5 hours agoFinance chiefs began the year expecting the Federal Reserve would cut interest rates, with some anticipating a trim as early as March. Instead, CFOs are...
Fed Up With Jerome Powell? South Korea Is Getting There
Forbes· 6 days agoJust about everything Governor Rhee Chang-yong and his team at the Bank of Korea thought they knew...
What the 1970s Stagflation Can Tell Us About Today’s US Economy
The New York Observer· 4 hours agoConcerns are mounting about the U.S. heading into a period of stagflation as some economic...
Best CD rates today: APYs remain high across terms of up to 12 months — May 9, 2024
AOL· 14 hours agos inflation data has prompted a growing group of economists and strategists to doubt whether the Fed...
Former Trump economic adviser denies speculation of plan to erode Fed's independence
Yahoo Finance via AOL· 3 days ago“I have never heard of anyone having a discussion like that with the president,” he said. “I don’t...
Billionaire Stan Druckenmiller says he’d give Bidenomics an ‘F’ because inflation almost came down...
Fortune via Yahoo Finance· 2 days agoIn the here and now, though, Druckenmiller remains frustrated. He also took issue with the Fed and...