Page 21 - Jerome Powell

Fed can't protect markets in case of default, says Jerome Powell

"The failure to do that is something that could result in severe damage to the economy and to financial markets and it's just not something we should contemplate," he said

Fed's Powell says taper could start in November, finish in mid-2022

US stocks pared gains, while yields on 10-year Treasuries pushed higher

Wall Street ends higher as Fed signals bond-buying taper soon

Dow Jones Industrial Average rose 341.11 points, or 1.01%, to 34,260.95, the S&P 500 gained 41.54 points, or 0.95%, to 4,395.73

Powell says Wells Fargo asset cap to stay in place until problems fixed

A Wells Fargo spokeswoman did not immediately respond to a request for comment

Fed signals bond-buying taper may start soon, split on 2022 hike

US stocks rose slightly, while yields on 10-year Treasuries maintained an earlier decline; the dollar remained lower after the decision

Federal Reserve seen announcing bond taper in Nov, rate lift-off in 2023

The survey of 52 economists also predicted the US central bank would hold interest rates near zero through 2022 before delivering two quarter-point increases by the end of the following year

Investors betting on 'stable' choice of renomination of Powell as Fed chair

Wall Street is widely expecting that Powell, who was nominated for the role by President Donald Trump in 2017, will be renominated by President Joe Biden for another four-year stint.

Five challenges the US Fed chief may face in the next four years

Progressive Democrats want the Fed to take on a more expansive role in the economy, by beefing up efforts to bolster employment, heading off climate risk and addressing inequality

Delta surge means this is as good as it gets for global growth

Data over the past week captured a worldwide weakening as infections hit travel and spending and worsen supply bottlenecks that are dampening manufacturing and trade

Optimistic valuations

Markets continue to run ahead of fundamentals

Jerome Powell speech unlikely to stir India markets, deter foreign inflows

On the contrary, flows into India may surge if the Covid situation remains in control, say experts

No taper tantrum

India must address risks to financial stability

Fed Chair says taper could start in 2021, with no rush on rate hike

Powell said US economy continued to make progress towards the central bank's benchmarks for reducing its pandemic-era emergency programs, but stopped short of signaling the timing for any policy shift

Fed Chair gives no signal on start of bond-buying taper, weighs Delta risks

In a speech to the annual Jackson Hole economic conference, Powell indicated the Fed will remain cautious in any eventual decision to raise interest rates

Fed on track to slow aid for economy later this year, says Powell

The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve

S&P 500 hits record high as 'prudent Powell' stands pat on policy

All the 11 major S&P sectors were up, with energy, materials and communication services jumping 1% each.

Sensex rises 176 pts to end above 56K for first time; BSE Midcap jumps 1%

The broader markets, meanwhile, outperformed, rising for the fourth straight session

Gold falls as dollar inches higher, caution ahead of Jackson Hole

Spot gold fell 0.3% to $1,784.82 per ounce by 0705 GMT, while U.S. gold futures fell 0.3% to $1,785.00.

Asian shares spooked by Delta variant's spread as Jackson Hole looms

Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus

Subdued investors keep powder dry ahead of Jerome Powell's speech

The STOXX index of 600 European companies, nudged 0.15% higher to 472.51 points, less than four points from its record high from earlier this month