Page 25 - Jerome Powell
Mnuchin's Fed funding clawback will not 'hamstring' new administration
Mnuchin told Fed Chair Powell in a letter that the $455 bn allocated to Treasury under the CARES Act last spring should be available for Congress to reallocate
 "Mnuchin's Fed funding clawback will not 'hamstring' new administration")
Economy still needs fiscal, monetary support: Federal Reserve's Powell
The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said
 "Economy still needs fiscal, monetary support: Federal Reserve's Powell")
Don't count too much on Covid-19 vaccine, warn Powell and Lagarde
On Monday, the pharmaceutical company Pfizer announced encouraging results from its vaccine trials, nudging stock markets toward new heights
 "Don't count too much on Covid-19 vaccine, warn Powell and Lagarde")
World's central banks are now begging govts to power economic rebound
Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession
 "World's central banks are now begging govts to power economic rebound")
Amid US election uncertainty, the Fed is likely to lay low this week
The Federal Reserve is scheduled to release its latest policy statement after two days of debate in which policymakers lacked a critical piece of information: who will run the US for next four years
 "Amid US election uncertainty, the Fed is likely to lay low this week")
Fed's Powell: Important for US to get digital currency right than be first
Powell said it is vital the Fed assess what impact a CBDC might have on a range of critical issues
US economy highly uncertain despite marked improvement: Fed's Powell
Mnuchin, in prepared remarks to the Democratic-controlled committee, said he felt the economy "will see tremendous third-quarter growth"
Powell says central bank committed to using all tools to help recovery
The Federal Reserve remains committed to using all the tools at its disposal to help the US economy recover from the blow delivered by the coronavirus pandemic, Chair Jerome Powell said
Federal Reserve weighs bank dividends as it prepares second stress test
The central bank said it will release the results of the new analysis by the end of 2020
 "Federal Reserve weighs bank dividends as it prepares second stress test")
Federal Reserve vows to keep interest rates near zero until inflation rises
The Fed's decision drew two dissents, one from a policymaker who thought it went too far, and the other from one who thought it didn't go far enough
 "Federal Reserve vows to keep interest rates near zero until inflation rises")
Asian stocks cheer upbeat data but temper appetite ahead of US Fed meeting
The Fed is due to announce its decision on Wednesday, followed by a news conference from Jerome Powell
Rates to stay low for 'however long it takes': US Fed Chair Jerome Powell
Jerome Powell said the US jobs report for August was "a good one," but noted that with gains likely to slow, the central bank is planning to keep its foot on the monetary policy gas pedal for years
Managing markets
Bond and currency markets would increase policy difficulties
 "Managing markets")
Gold holds steady on softer dollar, investors eye Fed Chair Powell's speech
Gold prices were mostly unchanged after rising more than 1% in the previous session on weaker US dollar, as investors awaited a speech from Federal Reserve Chairman Jerome Powell due later in the day
Framework review complete, Powell starts hard sell for higher inflation
On Thursday, Fed Chair Jerome Powell begins what may be the tougher task: convincing the public that the central bank can and will deliver in the wake of a pandemic
Gold prices fall to Rs 51,454 per 10 gram, silver plunges to Rs 64,594 a kg
In New Delhi, prices of 22-carat gold plunged sharply to Rs 51,250 from Rs 51,700 per 10 gram in the previous trade while price of 24-carat was at Rs 54,870
 "Gold prices fall to Rs 51,454 per 10 gram, silver plunges to Rs 64,594 a kg")
Gold ticks higher as dollar slips; focus turns to Fed Chair Powell's speech
Spot gold was up 0.2% to $1,935.88 per ounce by 0335 GMT. U.S. gold futures gained 0.1% at $1,941.60
Fed chief Powell says coronavirus surge slowing US economic recovery
Powell's comments, made via videoconference after the Fed announced its policy decision to leave interest rates near zero, suggest dimming hopes for a quick economic rebound
US economy likely suffered historic plunge in Q2; outlook grim due to virus
Federal Reserve Chair Jerome Powell on Wednesday acknowledged the slowdown in activity
 "US economy likely suffered historic plunge in Q2; outlook grim due to virus")
'Extraordinarily uncertain': Fed chief Powell on outlook for US economy
Fed Chairman Jerome Powell said the outlook for the US economy was 'extraordinarily uncertain' and the success of the recovery effort would depend on its ability to contain the coronavirus spread