JP Morgan's Benhamou: Market Focus Shifting to Next Fed Chair
JPMorgan Chase & Co.'s Ilan Benhamou says it's unlikely that Fed Chair Jerome Powell will be fired and that the stock market will start trading on expectations of the next chair anyway. "I don't think Powell will actually be fired...
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Kevin Warsh touts 'regime change' at Fed and calls for partnership with Treasury
Warsh called for sweeping changes on how the Fed conducts business and suggested a policy alliance with the Treasury Department.
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Trump Hails 'Great Numbers,' Gives Powell Another Told You So
Amid strong economic data released Thursday that pointed to robust consumer spending, President Donald Trump continues to take a bow on being right in the face of economic skeptics and Federal Reserve Chair Jerome Powell's refusal to lower interest rates."'Too Late:' Great...
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US Retail Sales Beat Expectations in June
U.S. retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs. Retail sales increased 0.6% last month after an unrevised 0.9% drop in May, the Commerce Department's Census Bureau said on...
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US Weekly Jobless Claims Fall; Job Growth Appears Steady in July
The number of Americans filing new applications for jobless benefits fell last week, pointing to steady job growth in July, though some laid-off workers are experiencing long spells of unemployment because of a moderation in hiring.
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Markets Calm Down After Powell Poser
Wednesday's market drama on reports of an imminent ouster of Federal Reserve Chair Jerome Powell has calmed quickly, with President Donald Trump saying it was "highly unlikely" he would fire the central bank boss even as speculation continue to brew.
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