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2024-10-11 07:46:00

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Federal Reserve Chair Jerome Powell on Thursday said he would not step down from his position if President Trump asked him to do so. Mr. Powell gave a terse “no” when asked by a reporter, later adding that it was “not permitted under the law.” Mr. Powell, a lifelong Republican, was first appointed by President Trump in 2017 and then reappointed by President Biden in 2021. His current term ends in May 2026. President Trump clashed with Mr. Powell during his first term and threatened to fire him on several occasions. However, he told Bloomberg News in July that he planned to keep Mr. Powell on for the remainder of his term. #federalreserve #jeromepowell #donaldtrump #cspan

Federal Reserve Chair Jerome Powell on Thursday said he would not step down from his position if President Trump asked him to do so. Mr. Powell gave a terse “no” when asked by a reporter, later adding that it was “not permitted under the law.” Mr. Powell, a lifelong Republican, was first appointed by President Trump in 2017 and then reappointed by President Biden in 2021. His current term ends in May 2026. President Trump clashed with Mr. Powell during his first term and threatened to fire him on several occasions. However, he told Bloomberg News in July that he planned to keep Mr. Powell on for the remainder of his term. #federalreserve #jeromepowell #donaldtrump #cspan

The Federal Reserve cut interest rates by a quarter point on Thursday, its second consecutive cut this year following a lengthy period of elevated rates intended to tamp down inflation. The move follows a half-point cut in September and brings the target range for the federal funds rate to 4.5% to 4.75%. The decision reflects central bankers’ confidence that inflation has gotten more under control as they seek to support the job market, which has shown some signs of softening. “We continue to be confident that with an appropriate recalibration of our policy stance, strength in the economy and the labor market can be maintained with inflation moving sustainably down to 2%,” Federal Reserve Chair Jerome Powell said at a press conference. Inflation spiked sharply in 2021 and peaked at 9.1% in mid-2022, but it has since fallen to a three-and-a-half-year low. Headline inflation fell to an annual rate of 2.4% in September, while “core” inflation, which strips out the more volatile food and energy indexes, clocked in at 3.3%. It’s unclear how much more the Fed will cut rates and at what pace, but economists largely expect another 25-basis-point cut following the next policy meeting on Dec. 18. “In considering additional adjustments to the target range for the federal funds rate, the committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” Mr. Powell said. “We are not on any preset course. We will continue to make our decisions meeting by meeting.” The election of former President Trump has thrown some uncertainty into the mix. Economists say his proposals for tariffs, tax cuts, increased federal spending and mass deportations could put upward inflationary pressure on the economy. Mr. Powell emphasized that the central bank’s immediate decisions would not be impacted by the election or policy proposals. “In the near term, the election will have no effects on our policy decisions,” Mr. Powell told reporters. “We don’t guess, we don’t speculate, and we don’t assume.” #federalreserve #fed #interestrates #jeromepowell #cspan

The Federal Reserve cut interest rates by a quarter point on Thursday, its second consecutive cut this year following a lengthy period of elevated rates intended to tamp down inflation. The move follows a half-point cut in September and brings the target range for the federal funds rate to 4.5% to 4.75%. The decision reflects central bankers’ confidence that inflation has gotten more under control as they seek to support the job market, which has shown some signs of softening. “We continue to be confident that with an appropriate recalibration of our policy stance, strength in the economy and the labor market can be maintained with inflation moving sustainably down to 2%,” Federal Reserve Chair Jerome Powell said at a press conference. Inflation spiked sharply in 2021 and peaked at 9.1% in mid-2022, but it has since fallen to a three-and-a-half-year low. Headline inflation fell to an annual rate of 2.4% in September, while “core” inflation, which strips out the more volatile food and energy indexes, clocked in at 3.3%. It’s unclear how much more the Fed will cut rates and at what pace, but economists largely expect another 25-basis-point cut following the next policy meeting on Dec. 18. “In considering additional adjustments to the target range for the federal funds rate, the committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” Mr. Powell said. “We are not on any preset course. We will continue to make our decisions meeting by meeting.” The election of former President Trump has thrown some uncertainty into the mix. Economists say his proposals for tariffs, tax cuts, increased federal spending and mass deportations could put upward inflationary pressure on the economy. Mr. Powell emphasized that the central bank’s immediate decisions would not be impacted by the election or policy proposals. “In the near term, the election will have no effects on our policy decisions,” Mr. Powell told reporters. “We don’t guess, we don’t speculate, and we don’t assume.” #federalreserve #fed #interestrates #jeromepowell #cspan

#MELODYSAD #MARCANTES #tecnomelody #fyp #viral_video

#MELODYSAD #MARCANTES #tecnomelody #fyp #viral_video

Cỏ thần ha há #cosplay #nahidacosplay #nahida

Cỏ thần ha há #cosplay #nahidacosplay #nahida

12😭 , тг: Даша Корейка ( kareyka.y ) там много контента 🫢 #fyp #recommendations #корейкадаша #легенда

12😭 , тг: Даша Корейка ( kareyka.y ) там много контента 🫢 #fyp #recommendations #корейкадаша #легенда

Disambi ngopi ben rodok gayeng☕️#storytime #jowostory #peternakmuda #sapiindonesia #lokalpride #jowostory #masukberandafyp #fypシ

Disambi ngopi ben rodok gayeng☕️#storytime #jowostory #peternakmuda #sapiindonesia #lokalpride #jowostory #masukberandafyp #fypシ

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