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Tag: Jerome

Jerome Powell could spark a serious stock market surge—even though he’s not cutting rates, Wall Street guru Ed Yardeni says

Investors will be closely watching Federal Reserve Chairman Jerome Powell’s press conference after next week’s rate-setting meeting. Federal Open Market Committee (FOMC) officials are widely expected to hold interest rates steady on June 12, as inflation has stuck well above its 2% target and consumers are proving largely resilient to higher borrowing costs. But with […]

Jerome Powell’s Federal Reserve is stuck in a self-defeating paradox that makes cutting rates more difficult, economist warns

The Federal Reserve has talked financial markets into creating an easier environment, which paradoxically makes lowering rates a more difficult task for the central bank, a top economist said. The Bloomberg US Financial Conditions Index indicates that the availability and cost of credit across money, bond, and equity markets are significantly more favorable today than […]

Jerome man set for exam in meth, stolen firearms case

HILLSDALE — A Jerome man arrested May 14 by the Hillsdale County Sheriff’s Office on a felony warrant charging him with selling methamphetamine and possessing stolen firearms is tentatively scheduled for a preliminary examination hearing at 2 p.m. June 5. William Keith Joslin, 54, stands accused of delivery/manufacture methamphetamine, two counts of receiving and concealing […]

Imprisoned Jerome man pleads guilty in second drug case

HILLSDALE — A Jerome man already serving two to 20 years in prison for possession with intent to deliver methamphetamine appeared in the 1st Judicial Circuit Court Monday for a plea hearing in a second, unresolved drug case. Jack Wayne-Wesley Bond, 35, is serving his sentence at the Lakeland Correctional Facility in Coldwater. He was […]

Jerome Powell Offered Markets a Reprieve. It Vanished in a Blink

(Bloomberg) — Traders on Wall Street cheered on Wednesday when Federal Reserve Chair Jerome Powell signaled he didn’t see oncoming interest-rate hikes despite inflationary pressures. The celebration didn’t last long. Most Read from Bloomberg For a brief period, US stocks popped to unleash the biggest post-policy meeting rally since December, while Treasury yields tumbled more […]

Jerome Powell says ‘the housing market is in a very challenging situation right now’ and interest rate cuts alone won’t solve a long-running inventory crisis

The housing market has a problem—millions of them. The country is short between 3.5 and 5.5 million housing units, according to various estimates. The roots of the shortage go back to the aftermath of the Global Financial Crisis, when cautious developers were hesitant to invest in new construction and set a precedent of undersupply that’s […]

Jerome Powell Says $34 Trillion National Debt Is Ready For An ‘Adult Conversation’ — Janet Yellen Calls Sustainable Fiscal Path ‘Critically Important’

Most everyone understands the U.S. national debt is not on a long-term sustainable path, but no one seems sure when the breaking point might be for real-world consequences. In a recent “60 Minutes” interview, Federal Reserve Chairman Jerome Powell brought up the elephant in the room, stressing that it’s now “time, or past time, to […]

Elon Musk weighs in on U.S. national debt debate, joining the likes of Jamie Dimon and Jerome Powell in expressing concern about the $34 trillion Uncle Sam owes

Elon Musk, the world’s second-wealthiest entrepreneur, has finally added his two cents to the divisive debate around U.S. national debt. Uncle Sam is drowning in a $34 trillion debt owed to creditors worldwide, surpassing the annual output of the entire U.S. economy by over 20%. In the past, this might only have attracted the attention […]