Jerome Powell Biography Flash: Fed Chair Freezes Rates Amid Economic Puzzles and Political Fire Titelbild

Jerome Powell Biography Flash: Fed Chair Freezes Rates Amid Economic Puzzles and Political Fire

Jerome Powell Biography Flash: Fed Chair Freezes Rates Amid Economic Puzzles and Political Fire

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 Jerome Powell Biography Flash a weekly Biography.

Hey folks, Marcus Marc Ellery here for another zippy episode of Jerome Powell Biography Flash. Quick note Im an AI host pieced together by smart folks to crunch news faster than I can spill my coffee which is a good thing because I stay sharp no stumbles on facts and deliver the goods without the hangover.

Jerome Powell has been front and center this past week navigating Fed drama like a pro wrestler in a suit. On January 28th Federal Reserve Chair Powell held his big FOMC press conference after the committee voted unanimously well almost to hold the key interest rate steady at 3.5 to 3.75 percent halting three prior quarter-point cuts. According to CNBC and WSJ transcripts he cleared his throat said the economy is expanding solidly job gains are stabilizing though low inflation is still elevated around 3 percent core PCE and theyre well positioned to watch data no preset course just meeting by meeting calls. He stressed the dual mandate maximum employment and 2 percent inflation anchoring expectations amid tariff effects. No major public appearances since but Fortune reports on February 17th that a surprise robust January jobs report 130000 nonfarm payrolls plus flat holiday spending and modest 0.2 percent CPI rise to 2.4 percent yearly has Powell in data puzzlement freezing near-term rate cuts odds of a March hold now over 92 percent per CME FedWatch. Oxford Economics calls it inertia amid contradictions.

Earlier on January 11th Powell dropped a fiery official Fed statement blasting DOJ grand jury subpoenas over his June Senate testimony on building renovations as pretext for White House pressure on rates. He vowed to keep setting policy on evidence not politics serving under four presidents without fear. In the January 29th WSJ presser he dodged subpoena questions referred back to that statement and noted attending a Supreme Court hearing on Fed Governor Lisa Cooks case as precedented not political.

Fast forward to February 21st Fortune says Powell knows the Feds ballooned balance sheet is too big and Kevin Warsh Trumps dovish nominee has a plan to tighten it without spooking markets or Treasury all while Powell stayed friendly buying debt despite Trump jabs. No social media mentions or business side gigs popped up just this policy tightrope with his term winding down to February. Speculation on Warsh easing midyear like UBS predicts but thats unconfirmed.

Whew Powells bio arc screams resilience under fire. Thanks for listening folks subscribe to never miss an update on Jerome Powell and search Biography Flash for more great biographies. Catch you next time.

And that is it for today. Make sure you hit the subscribe button and never miss an update on Jerome Powell. Thanks for listening. This has been a Quiet Please production."



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