Articles tagged as


  • US Policy
February 14

The Fed is going to be front and center this coming week as talk about rate increases continues and the Senate Banking Committee is scheduled to vote on the nominations for Powell to be chair and three other candidates to fill vacancies on the Board....

Joe Manchin Wants a Vote on Infrastructure Bill, but Won’t Commit to Social Spending
  • US Policy
January 18

Powell progresses, Budget next up

Chair Powell got through Senate confirmation hearing and is on path to second term.  Biden nominates three more Board Members: two blacks, two women: more diversity.Fed rate decisions: surprise vs telegraph – Fed telegraphing March increase.Congressional appropriators meet to try and find agreement on budget for current fiscal year as...

  • Fed Watch
December 3, 2021

Powell Comments Prompt Mini-Tantrum, Vice Chair For Supervision Likely Between Bostic, Raskin and Cordray

The financial media is abuzz with whether Lael Brainerd or Jerome Powell will be the next Chairman of the Federal Reserve. We have been reporting on the issue as political trade winds have blown and despite Powell’s steadily diminishing chances, we’d say that as of right now it looks likely...

  • Fed Watch
August 27, 2021

Powell Announces Fed Will Begin Tapering By End Of Year

The long-awaited Jackson Hole Summit has arrived. Chairman Powell gave his speech at 10 am EST on Friday and announced that the Central Bank was likely to begin tapering before the year ends while keeping his options open due to the Delta variant. The symposium was held virtually for the...

  • Fed Watch
July 16, 2021

Powell Stands Strong In Accommodative Posture At Testimony

Federal Reserve Chairman Jay Powell testified before Congress this week and, as usual, stuck to the expected talking points. He was pressed particularly hard on inflation by Republican lawmakers. You may or may not be surprised by what he said, but essentially it is more of the transitory narrative. Opposition...

  • Fed Watch
April 23, 2021

Powell Says Fed Will Not Allow Large Overshoot on Inflation

Federal Reserve Chairman Jay Powell answered a letter from Senator Rick Scott (R-FL) outlining concerns about a potentially significant rise in inflation. His response gave some more contours to the Fed’s intentions around it’s mysterious Adjustable Inflation Target (AIT) framework. The Fed chairman usually avoids tying himself into any obligatory...

  • Fed Watch
April 16, 2021

Powell Opines On Asset Purchases, Waller Says Economy ‘Ready To Rip’

Federal Reserve Chairman Jay Powell gave markets an important morsel this week when he opined on the timing of when the Fed would taper asset purchases in relation to when it would raise rates. He clarified that the world’s most important central bank will slow the pace of its bond...

  • Fed Watch
April 9, 2021

Powell Sees Recovery Ahead of Schedule, Bank Dividends to be Restored In June

When Fed Minutes are released and the market doesn’t react that’s generally a good thing. Despite the mini-tantrums of the first quarter over rates, the news from the Fed this week appeared to help rates settle down, which may have helped the mega-cap technology names regain some of their wings....

  • Fed Watch
February 27, 2021

Chairman Powell Testifies, Fed Payments System Goes Down

Federal Reserve Chairman Jay Powell testified on consecutive days before the Senate Banking Committee and the House Financial Services Committee, respectively. Chairman Powell, as he so often does, stuck closely to the script and tried to bob and weave his way around loaded questions and partisan punji pits. Powell has...