Federal Reserve Chairman Jerome Powell may be trying to squash the stock market bubble

Federal Reserve Chairman Jerome Powell may be trying to squash the stock market bubble

So much for Federal Reserve Chairman Jerome Powell being viewed as a bestie to investors. “Powell hit the markets,” is an email subject line this writer got intra-day from veteran markets strategist Dennis DeBusschere of EvercoreISI. The email came smack in the middle of Powell testifying in front of the Senate Banking Committee —and the […]
The Federal Reserve contributes to inequality: Former FDIC Chair

The Federal Reserve contributes to inequality: Former FDIC Chair

Sheila Bair, the former head of the FDIC during the financial crisis, said the Federal Reserve contributes to inequality in the U.S. and that monetary policy, which largely helps the wealthy, fails to adequately trickle down to other demographics.  “I think it would...
Federal Reserve Chairman Jerome Powell may be trying to squash the stock market bubble

Federal Reserve not out of ammunition ‘by a long shot’

Federal Reserve Chairman Jerome Powell said the central bank can still do more to soften the economic blow of the coronavirus pandemic, telling CBS’s 60 Minutes that a recovery is possible in the second half of the year. “There’s a lot more we can do,” Powell...