Despite Trump Jabs, Fed Rate Hikes May Be the Dow’s Saving Grace

Complaining about the Federal Reserve’s approach to monetary policy has been one of President Donald Trump’s favorite activities. However, as talk of recession picks up after a temporary inversion of the yield curve, Jerome Powell’s hawkish approach will be a tremendous asset to the U.S. globally. Meaningful stimulus can help put a floor under the Dow Jones as most of the developed world is stuck on interest rates around zero. No One Should Be Excited by a Fed “Pause” Trump was always the market-friendly candidate, but his decision to increase…

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Fed Chairman Has No Plans to Meet Donald Trump

Jerome Powell, Chairman of the Federal Reserve, has said that he would not resign even if President Donald Trump asked. In the past few months, president Trump has repeatedly criticized Powell and the Federal Reserve for continuing with their tightened monetary policy. He went as far as saying in a Fox Business interview that the The post Fed Chairman Has No Plans to Meet Donald Trump appeared first on CCN

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Bitcoin Isn’t Currency, Can’t Replace Dollar, Says Incoming New York Fed Chief

Bitcoin and other cryptocurrencies cannot replace the U.S. dollar because they fail the basic test of what a currency should be. That’s what John Williams, the incoming head of the Federal Reserve Bank of New York, insists. “Cryptocurrency doesn’t pass the basic test of what a currency should be,” Williams said on April 20, as reported … Continued The post Bitcoin Isn’t Currency, Can’t Replace Dollar, Says Incoming New York Fed Chief appeared first on CCN

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