April 16, 2025 - 21:51

The Chair of the Federal Reserve, Jerome Powell, expressed confidence in the central bank's ability to remain patient regarding interest rate adjustments. During a recent statement, Powell emphasized the importance of waiting to assess the effects of the Trump administration's economic policies, including tariffs, immigration, taxation, and regulation. He noted that the Fed is currently well-positioned to hold off on any immediate changes as they seek to gain a clearer understanding of how these policies will impact the economy.
The financial markets have experienced significant volatility since the announcement of sweeping tariffs, which were later put on hold. This uncertainty has led to speculation about potential cuts to the Fed's key interest rate or other measures to stabilize investor sentiment. Powell's remarks suggest that the central bank is committed to a careful and measured approach, prioritizing thorough analysis over hasty decisions in a fluctuating economic landscape.
June 18, 2026 - 00:10
Chairman Kevin Warsh: Financial markets work less efficiently when they consider what Fed thinksFederal Reserve Chairman Kevin Warsh argued on Wednesday that financial markets become less efficient when traders and investors spend too much time guessing what the central bank will do next....
June 17, 2026 - 02:28
City Council rejects first reading of budget, amendment approved to finance Ajax Turner non-profitThe City Council held its second first reading of the Fiscal Year budget on Tuesday night, but the outcome mirrored the previous session. Despite cutting more than $697,000 in proposed spending,...
June 16, 2026 - 22:13
'El Jefe' speaks: forget about 2008, it's really more like 2004The most senior chief financial officer among New York-listed companies has a message for investors who are bracing for a repeat of the 2008 financial crisis: calm down. According to the executive,...
June 16, 2026 - 07:40
RBA interest rate decision live: Aussies 'forced into hibernation' brace for year of painThe Reserve Bank of Australia has announced its latest cash rate decision, keeping interest rates on hold at 4.35 percent. The move was widely expected by economists, but it offers little relief...