Tag: Federal Open Market Committee
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Jerome Powell has accidentally jammed the property market—especially for the ultrarich
Jerome Powell and the Federal Open Market Committee (FOMC) have got a job to do—regardless of what the markets or consumers might want. Unfortunately...
Jamie Dimon backs Jerome Powell’s rate cut strategy
The Fed may claim it's not Jay Powell's job to please the markets, but backing from JPMorgan CEO Jamie Dimon doesn’t hurt.In September, Powell...
Fed’s Williams says appropriate again to cut rates ‘over time’, FT reports
(Reuters) -Federal Reserve Bank of New York President John Williams said that it will be appropriate again for the central bank to reduce rates...
The Fed Just Cut Interest Rates: 3 Stocks to Buy Hand Over Fist
Four-plus years passed without an interest-rate cut from the Federal Reserve. That changed Wednesday when the Fed lowered rates by an unexpectedly large 0.5%.Investors'...
Why a 25bps cut is easier for Powell to defend than a 50
Shortly after the Federal Open Market Committee reveals its decision on interest rates, Fed Chairman Jerome Powell will answer questions from reporters.Former Wall Street...