Jerome Powell Archives

US stock futures are pointing lower, putting Wall Street on track for a losing week

Amid recession fear, stock markets in Europe and Asia slide

PGurus Newsdesk - June 24, 2023 0

Fear of recession drives stock markets in Europe and Asia On Friday, the Stock markets in Europe and Asia fell as investors became increasingly worried...

Quite unlike in 2008 when the US Fed denied the existence of the housing bubble, Powell has been more realistic this time around

Economy

Powell’s “Subprime is Contained” Moment

Shanmuganathan Nagasundaram - May 31, 2023 0

Bernanke got the subprime crisis wrong? “Subprime is Contained” – Fed Reserve Chair Ben Bernanke, March 2007. Bernanke, the then Chair of the Federal Reserve had...

Federal Reserve Chair Jerome Powell warned that the process of conquering the highest inflation in 40 years will involve some pain

Economy

US Fed rolls out another rate hike, warns inflation fight can’t...

PGurus Newsdesk - September 22, 2022 0

US Fed attacks inflation with another big hike and expects more The US Federal Reserve rolled out another steep increase in the key US interest...

RBI's policy is to prevent excessive volatility of the rupee, or the exchange rate and also anchor expectations around the currency's depreciation

Economy

Despite substantial devaluation in other currencies, Indian rupee maintained its value:...

PGurus Newsdesk - September 6, 2022 0

Amid extreme volatility in global stock markets, the Indian rupee has "held its own", says RBI governor Despite extreme volatility in global stock markets, especially...

In the entire 8-minute monologue of Powell, there was not a single mention of Quantitative Tightening or a reduction of the Fed balance sheet

Economy

Can Powell climb out of the Jackson Hole?

Shanmuganathan Nagasundaram - September 3, 2022 3

US Fed reiterates its focus only on price stability In his recent speech at Jackson Hole (given below), Jerome Powell reiterated the overarching commitment of...

On Sunday, it was hovering around $19,975 per digital coin which is more than a 60 percent drop in its value

Investing

Bitcoin hits below $20K, may reach $10K level this year

PGurus Newsdesk - August 28, 2022 0

After Jerome Powell's keynote address, Bitcoin plunged below $20,000 The world's largest cryptocurrency Bitcoin has plunged once again below $20,000 after showing some stabilization in...

There is virtually zero probability that this 75 bps hike would even moderately reduce the inflation numbers though this hike is big enough to guarantee the onset of the Minsky moment i.e. setting off an Inflationary Depression

Economy

Powell hikes herald “the Minsky moment”

Shanmuganathan Nagasundaram - June 23, 2022 0

75 bps raise the right move by US Fed? The 75 basis hike by the US Federal Reserve on June 15th was quite extraordinary for...

All cryptocurrencies were weighed down as central banks globally tried to control inflation by raising interest rates

International/ World news

Bitcoin, other cryptocurrencies witness a massive slump amid interest rate hike

PGurus Newsdesk - May 8, 2022 12

Federal Reserve's rate hike sends cryptos crashing After the central banks globally tried to control inflation by raising interest rates, cryptocurrencies witnessed a weigh down....

Inflation | What we are living through is a very unique period and there is no precedence to a bubble built on fiat money in the asset classes of bonds, equities, and real estate unraveling one after another

Economy

2022 – It is different this time

Shanmuganathan Nagasundaram - January 7, 2022 0

Most frightening decades ahead Regular readers should by now understand that we are looking at one of the most frightening decades ahead. Whether it is...