Federal Reserve Chairman Jerome Powell appeared at Stanford's Hoover Institution as part of the George P. Shultz Memorial Lecture Series: Shultz and Economic Policy. Instead of discussing inflation, interest rates, or the direction of monetary policy, Powell focused on paying tribute to the late George Shultz, one of the key figures behind US economic policy and diplomacy in the 20th century.
In his remarks, Powell highlighted Shultz's career, which included serving as Secretary of State, Secretary of the Treasury, Secretary of Labor, and Director of the Budget. He emphasized Shultz's values, such as the importance of trust, consistency of principle, and how Shultz combined a belief in free markets with responsible public policy. Powell also praised Shultz's legacy, which he believes remains relevant to addressing today's economic and geopolitical challenges.
What left the market somewhat scratching its head was Powell's clear statement that he would not discuss current economic conditions or interest rate policy during the event. For market participants hoping for new signals ahead of the December FOMC meeting, the speech offered virtually no clues. Market participants' focus has returned to inflation data, employment data, and statements from other Fed officials as a guide to assessing the likelihood of future interest rate cuts.
Source: Newsmaker.id
Federal Reserve bank supervisors are monitoring the commercial real estate portfolios of community and regional banks amid concerns over "rising interest rates, stricter underwriting standards, and de...
Conflicting signals from the Federal Reserve on the timing and magnitude of U.S. interest rate cuts have accelerated hedging flows into swaptions and derivatives tied to overnight rates, with investor...
Markets are pricing in a near-certain 25bp Fed cut in December, influenced by dovish Fed chatter and signs of a slowing US economy, while the US Dollar (USD) shows mixed reactions. Kevin Hassett seen...
U.S. Treasury Secretary Scott Bessent said on Tuesday he was concluding a second round of interviews later in the day for a new U.S. Federal Reserve leader, and there was a good chance President Donal...
Allies of Federal Reserve Chair Jerome Powell have laid the groundwork for him to push through an interest rate cut during the central bank's December 9-10 meeting, the Wall Street Journal's Nick Timi...
Silver retreated from a record high, with a key technical indicator showing that a six-day rally has taken it into overbought territory. Gold also edged down. The white metal fell as much as 2.4% to around two dollars below the all-time peak...
Oil prices were steady in Asian trading on Tuesday, holding on to gains from the previous session as OPEC+ reaffirmed it will pause production increases in the first quarter, while traders continued to assess supply risks stemming from geopolitical...
Fundamentally, today's gold price movement is still dominated by expectations of a Fed interest rate cut and "risk-off" sentiment in global markets. Gold is currently hovering near a six-week high above $4,200 per troy ounce. Sentiment for gold...
The ISM Manufacturing PMI for the US fell to 48.2 in November 2025, the lowest in four months, compared to 48.7 in September and below forecasts of...
European stocks followed Asian equities lower as a sharp drop for cryptocurrencies indicated some investor caution ahead of a slew of US economic...
Asian stock markets fluctuated at the start of the week, following the modest gains in US stocks last Friday. Investors are now turning their...
Wall Street kicked off December on a negative note, with the S&P 500 down 0.7%, the Nasdaq falling 1%, and the Dow Jones losing more than 250...