Donald Trump says he will not fire Jay Powell as chairman of the central bank if he is re-elected president, after threatening to do so. But whether the president even has the authority is open to question.
Category: Inflation (Economics)
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U.K. Inflation Steady as Economists Puzzle Over ‘Taylor Swift Effects’
Consumer prices rose 2 percent in June from a year earlier, a bit higher than economists expected, with a big jump in hotel prices coinciding with a blockbuster series of concerts.
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U.K. Inflation Steady as Interest Rate Cuts Hang in the Balance
Consumer prices rose 2 percent in June from a year earlier, in line with the Bank of England’s target for the second month in a row.
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I.M.F. Sees Signs of Cooling in U.S. Economy
The International Monetary Fund warned that inflation remained stubbornly high and that protectionism posed a risk to the global economic outlook.
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Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing
Jerome H. Powell, the chair of the Federal Reserve, avoided signaling when the Fed would cut rates at a time when some economists are wondering why officials would wait.
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Republican Party Rejects Free-Market Economics in Favor of Trump’s Signature Issues
The Republican Party is rejecting elite economic ideas in a bid for blue-collar votes, abandoning long-held free-market principles in the process.
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JPMorgan and Wells Fargo Earnings Show Toll of Inflation
JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.
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Have Potato Chips Reached Peak Price?
PepsiCo reports in its earnings that people are buying fewer salty snacks from its Frito-Lay brands. It’s not the only food company that is seeking to lure back consumers stung by high prices.
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Fresh inflation data is expected to show continued cooling.
The Federal Reserve is watching inflation figures as it contemplates when to lower interest rates, and could receive positive news Thursday.
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Fresh Inflation Data Are Expected to Show Continued Cooling
The Federal Reserve is watching inflation figures as it contemplates when to lower interest rates, and could receive positive news Thursday.
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Market Bulls Cheer a Dovish Jay Powell
The S&P 500 winning streak rolled on after the Fed chair made encouraging comments about inflation and the state of the labor market.
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Fed Chair Powell Welcomes Cooling Inflation
Jerome H. Powell, the chair of the Federal Reserve, delivered optimistic remarks to Senators as inflation and the job market slow gently.