Wednesday, December 25, 2024
Jerome Powell faces turbulent 2022 as Fed walks economic tightrope- oil and gas 360

Jerome Powell faces turbulent 2022 as Fed walks economic tightrope

Fox Business Federal Reserve Chairman Jerome Powell is entering 2022 with the American economy on shaky ground, teeing up a challenging year for the U.S. central bank as it accelerates its withdrawal of support, all while navigating the ever-changing landscape of the coronavirus pandemic – this time without the aid of trillions of dollars in fiscal stimulus. Wall Street forecasters are dialing back their growth

Fed holds interest rates near zero, sees faster growth and higher inflation- oil and gas 360

Fed holds interest rates near zero, sees faster growth and higher inflation

CNBC The Federal Reserve on Wednesday declined to let up on its easy-money policy despite an economy that it acknowledged is accelerating. As expected, the U.S. central bank decided to keep short-term interest rates anchored near zero as it buys at least $120 billion of bonds each month. The latter part of policy is a two-pronged effort to support an

Powell says the Fed is committed to using all its tools to promote recovery- oil and gas 360

Powell says the Fed is committed to using all its tools to promote recovery

CNBC Federal Reserve Chairman Jerome Powell reiterated his commitment to an “all-in” approach to the recovery, pledging in a commentary piece for The Wall Street Journal to keep policy loose. Noting the “much improved” economy, the central bank chief said American resolve and aggressive policy have combined to make the outlook ahead brighter. “But the recovery is far from complete, so at

Federal Reserve leaves interest rates and asset purchases unchanged- oil and gas 360

Federal Reserve leaves interest rates and asset purchases unchanged

CNBC The Federal Reserve kept its foot to the floor Wednesday in terms of the help it is providing for an economy that central bank officials say has slowed down. Consistent with market expectations, the policymaking Federal Open Market Committee said it was keeping its benchmark short-term borrowing rate anchored near zero and maintaining an asset purchasing program that is

10-year Treasury yield jumps above 1%, here’s why it may not spike further- oil and gas 360

10-year Treasury yield jumps above 1%, here’s why it may not spike further

Fox Business Investors are piling into the safety of U.S. government debt, pushing the yield on the 10-year Treasury note above 1% for the first time since March of 2020. 10-YEAR YIELD HITS 1.047% With the Democrats moving to full control of the Senate, along with the House, spending is likely on the rise. “I think we are going to see a lot

Fed Chair Powell: Wearing masks will help bring U.S. economy back

CNBC Federal Reserve Chairman Jerome Powell reiterated on Wednesday that the economic recovery is dependant on how the country handles the coronavirus pandemic. “As we have emphasized throughout the pandemic, the outlook for the economy is extraordinarily uncertain, and will depend in large part on the success of efforts to keep the virus in check,” Powell said. “The recent rise in new COVID-19 cases both

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’- oil and gas 360

Fed Chair Powell calls for more help from Congress, says there’s a low risk of ‘overdoing it’

CNBC Federal Reserve Chairman Jerome Powell called Tuesday for continued aggressive fiscal and monetary stimulus for an economic recovery that he said still has “a long way to go.” Noting progress made in job creation, goods consumption and business formation, among other areas, Powell said that now would be the wrong time for policymakers to take their foot off the gas. Doing so,

Powell announces new Fed approach to inflation that could keep rates lower for longer- oil and gas 360

Powell announces new Fed approach to inflation that could keep rates lower for longer

CNBC The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy. In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of “average inflation targeting.” That

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level- oil and gas 360

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level

CNBC The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along with keeping rates low, the

Federal Reserve releases minutes for June meeting- oil and gas 360

Federal Reserve releases minutes for June meeting

CNBC The Federal Reserve on Wednesday released the minutes from its June 9-10 meeting, during which it held interest rates steady and had an in-depth discussion about capping bond yields and strengthening its guidance about where policy will be set in the future. Central bankers on the Federal Open Market Committee voted to hold their benchmark short-term borrowing rate in