Jerome Powell News

Dow Jones Surges Over 300 Points in Premarket Trading Amid Fed Rate Cut Optimism

Dow Jones Industrial Average surges over 300 points in premarket trading following Federal Reserve's 25 basis point rate cut, with Nasdaq 100 and S&P 500 also gaining. Fed Chair Po...

Fed Rate Cut Sends US Stocks Soaring in Premarket

US stock indexes rose in premarket trading after the Federal Reserve cut interest rates by 25 basis points. Fed Chair Jerome Powell's optimistic outlook on the US economy and the a...

Bitcoin Crashes Below $100,000 After Powell's Rejection as Reserve Asset

Bitcoin's price dropped below $100,000 following Federal Reserve's hint at adjusting interest rate cuts and Jerome Powell's rejection of Bitcoin as a reserve asset. The decline was...

European Markets Dip as Central Banks Take Center Stage

Major European stock markets opened lower on Thursday as investors awaited the Bank of England's interest rate decision. This follows the U.S. Federal Reserve's decision to lower r...

Fed's Powell Reiterates Stance on Bitcoin, Leading to Cryptocurrency Market Downturn

The cryptocurrency market experienced significant drops on Wednesday following Federal Reserve Chair Jerome Powell's reaffirmation of the central bank's stance on digital assets. P...

Fed Chair Powell: Sustained Inflation Progress Crucial for Future Rate Cuts

Federal Reserve Chair Jerome Powell highlighted the need for sustained inflation reduction before considering additional interest rate cuts, adjusting the projected rate cuts for 2...

Fed Chair Powell: Despite Rate Cuts, Monetary Policy Remains Restrictive

Fed Chair Jerome Powell stated that despite a year-long reduction in interest rates by 100 basis points, the central bank's monetary policy remains restrictive. Powell made these r...

Fed Rate Cut Sparks Market Panic: Dow Plunges by 400 Points

Wall Street experiences significant losses after the Federal Reserve announces a 25-basis-point interest rate cut, with the Dow Jones Industrial Average dropping by 402 points. Fed...

Fed's Powell: Bitcoin's Volatility Makes It Unfit to Rival the Dollar

Federal Reserve Chair Jerome Powell criticizes Bitcoin, stating its high volatility makes it unsuitable as a currency. Powell describes Bitcoin as a 'virtual gold' and emphasizes t...

Fed's Powell Questions Bitcoin's Suitability as a Currency Amid Volatility Concerns

Federal Reserve Chair Jerome Powell criticizes Bitcoin, stating its high volatility makes it unsuitable as a currency. Powell refers to Bitcoin as a 'virtual gold' and emphasizes t...

Fed's Powell: Bitcoin's Volatility Makes It Unfit to Challenge the Dollar

Federal Reserve Chair Jerome Powell criticizes Bitcoin, stating its volatility makes it unsuitable as a currency. Powell describes Bitcoin as 'virtual gold' and emphasizes the need...

Fed Chair Powell Questions Bitcoin's Suitability as a Currency Amid Volatility Concerns

Federal Reserve Chair Jerome Powell questions Bitcoin's suitability as a currency due to its volatility, suggesting it competes more with gold than the dollar. Powell also emphasiz...

Gold Resists Hawkish Powell's Impact Amid Data-Heavy Week

Gold held its ground on Monday as investors digested hawkish comments from Federal Reserve Chair Jerome Powell before a slew of U.S. economic data this week that is expected to she...