News — interest rates

Lessons and Reactions From The Federal Reserve’s June Policy Statement

Posted by Metals Corporate on

By John McDonald  On June 19, 2019, the United States Federal Reserve Board of Governors released a policy statement based on the recent meeting of the Federal Open Market Committee. Market reaction was swift and substantial. Nearly immediately, the yield on the 10-year Treasury Note fell below 2% since November of 2016. CNBC describes 2% as “a key psychological level”, though such language is, at best, nebulous. Regardless of the “psychological significance” of the fact that the 10-year note dropped below 2%, substantial downside moves in that key interest rate can absolutely have a serious impact on everyday financial issues...

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President Explored Removing Fed Chair in Early 2019

Posted by Metals Corporate on

By John McDonald Jerome Powell has served as the chair of the Federal Reserve since February 2018, and President Trump celebrated the first anniversary of Powell’s appointment to the position by exploring options for having him removed from the office.  According to “people familiar with the matter” who serve as sources for Bloomberg, the White House counsel’s office examined the legality of stripping Powell of his chairmanship.  The move would have left him a Fed governor, but no longer the chair of the Fed. Once that was done, Powell could conceivably have been replaced with another sitting Fed governor. Ultimately,...

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President Trump Escalates His Attacks On The Federal Reserve

Posted by Retirement Insider on

Mr. Trump is right, his biggest threat is the Federal Reserve:

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