Jerome Powell takes oath as sixteenth president of the Fed

10 February, 2018, 06:56 | Author: Sheri Evans
  • The 4.1% rout in the S&P 500 index on Monday the steepest decline since 2011 poses more questions than answers so far for Jerome Powell and his team

Her last day at the Fed was Friday. She had submitted her resignation from the board of governors of the Federal Reserve in November after Trump, in a break with tradition, did not reappoint her. Trump instead nominated current Federal Reserve Governor Jerome Powell to take over as head of the central bank.

Jerome Powell was sworn in Monday as the 16th chairman of the Federal Reserve in a brief ceremony in the Fed's board room.

After profit beat, GM looks to trucks, SUVs to rev up margins
Although it lost $4.9 billion on a GAAP basis, using standard accounting rules, it said it had EBITDA of $3.1 billion non-GAAP. According to a consensus forecast gathered by Thomson Reuters, analysts had anticipated earnings-per-share of $1.38.

Mr Powell is a former partner at private equity firm Carlyle, while he also served in the Treasury under former president George H W Bush in the 1990s.

Powell's term as a member of the Fed's board will end January 31, 2028.

Black Lives Matter leader dies in New Orleans shooting
He was taken to hospital but despite doctors' best efforts, he was pronounced dead due to excessive blood loss. Moye's family told SC news outlets Muhiyidin Elamin Moye was his legal name.

"I'm delighted to be joining the Brookings Institution", said Yellen in a statement.

"My colleagues and I will remain vigilant, and we are prepared to respond to evolving risks".

Here's what's coming with PS4's big 5.50 update
If you want to cut your kids' screen time, you can put restrictions on how long they can play or limit play time to certain hours. The system will send a notification to the child when playtime is coming to an end, giving them enough time to save progress.

Continuing in the same direction, however, may be a challenge for the new governor. While Yellen saw mostly low rates and inflation, Powell takes office as bond yields and inflation are rising. However, the yields on government bonds are now at several-year highs, and the stock market ended Friday's extremely hard week in which Dow Jones lost 666 points on Friday. With the departure of Yellen in the seven-member committee, there are a total of 4 vacancies. The Commission raised the base interest rate by a quarter of a point five times under the management of Yellen.

Recommended:

  • Cavs were marching a slow death before trades — Cleveland GM Altman

    Cavs were marching a slow death before trades — Cleveland GM Altman

    John Schuhmann : I could change my mind come April 14, but right now, I see the East as wide open, with no "team to beat". I'm off to the Lakers - it happens", Frye said in his farewell Instagram post. "They may be the long-term victor ".
    What Do Analysts Say About Anadarko Petroleum Corporation (APC)

    What Do Analysts Say About Anadarko Petroleum Corporation (APC)

    Paul Reeder increased its stake in Anadarko Pete Corp ( APC ) by 96.08% based on its latest 2017Q3 regulatory filing with the SEC. The firm has "Sector Outperform" rating by Howard Weil given on Monday, May 16. (NYSE:AAN) on Monday, July 31 with "Buy" rating .
    Casino mogul steps down as CEO

    Casino mogul steps down as CEO

    The 76-year-old believes the sexual harassment allegations were prompted by his ex-wife, Elaine Wynn , to tarnish his reputation. Maddox was hours earlier named CEO of Las Vegas-headquartered Wynn Resorts Ltd . ( WYNN ), where he has been company president.
  • 7 dead, 67 missing after quake rocks Taiwan

    7 dead, 67 missing after quake rocks Taiwan

    Rescue efforts are underway in the city as emergency workers and volunteers work to shift rubble and search for trapped people. President Tsai Ing-wen was at the scene of the quake on Wednesday morning, where she visited hospitals and relief centres.
    Kylie Jenner Reveals Her Daughter's Name To Fans

    Kylie Jenner Reveals Her Daughter's Name To Fans

    Rumors circulated that the two named their baby " Posie ", short for mariposa which translates to butterfly in Spanish. The Carolina Hurricanes' mascot is reminding the world that Kylie Jenner's daughter isn't the original Stormy .
    Despite subpoena, Bannon won't appear before House Intelligence Committee

    Despite subpoena, Bannon won't appear before House Intelligence Committee

    The House intelligence committee has voted to release a Democratic rebuttal to a GOP memo on the Russian Federation investigation. Bannon from testifying to the Committee beyond a set of fourteen yes-or-no questions the White House had pre-approved".
  • Flying On Strong Earnings — Twitter (TWTR) Stock

    Flying On Strong Earnings — Twitter (TWTR) Stock

    Also, General Counsel Vijaya Gadde sold 7,500 shares of Twitter stock in a transaction that occurred on Monday, July 10th. The Company's products and services include Twitter , Periscope, Promoted Tweets, Promoted Accounts and Promoted Trends.
    Will You Pay $5 Per Month for the ESPN Plus Streaming Service?

    Will You Pay $5 Per Month for the ESPN Plus Streaming Service?

    Weiss to create a new series of " Star Wars " movies, separate from a new trilogy that will be developed by director Rian Johnson. Adjusted EPS does not include a $1.6 billion benefit related to recent changes in USA tax law and certain other one-time items.
    Kenya police arrest opposition member current at Odinga's 'swearing in'

    Kenya police arrest opposition member current at Odinga's 'swearing in'

    High Court judge Luka Kimaru had ordered that the IG and DCI present the besieged lawyer in court at 9 am today. A journalist at the court in Kajiado said Miguna had appeared at Tuesday's hearing.
  • US Democrat Nancy Pelosi Delivers 8 Hour Long Speech Defending Dreamers

    US Democrat Nancy Pelosi Delivers 8 Hour Long Speech Defending Dreamers

    Ryan insisted he's committed to bringing an immigration bill to the floor, but said it must be one that President Trump will sign. Ryan needs Democrats' help to pass the spending bill because his conservative wing, including the Freedom Caucus, is balking.
    Cavs' offer for DeAndre Jordan unlikely to move needle for Clippers

    Cavs' offer for DeAndre Jordan unlikely to move needle for Clippers

    Jordan, now 29 years of age, has heard his name tossed about in several trade scenarios in recent days. The Cavaliers reportedly have made an initial offer for Jordan , per Sam Amick of USA Today .
    Georgia claims top spot in recruiting battle

    Georgia claims top spot in recruiting battle

    After an early signing period in December, Wednesday's National Signing Day wasn't as insane as we've seen in prior years. This is the first cycle for the December-February signing periods that we are all still trying to get a handle on.


Popular

Brady becomes oldest MVP in National Football League history
Since the Patriots are prepping for the Super Bowl against the Eagles , Brady was unable to be at the NFL Honors award ceremony. The record for oldest MVP victor was shared by YA Tittle in Y 1963, Rich Gannon in Y 2002 and Peyton Manning in Y 2013.

Heads roll over rebel escape from hospital
Police have learned that the jail authorities have placed two detainees of his choice exclusively as orderlies for his service. Since no such demand has been received in the last many years, they continued to overstay", he asserted.

Pence announces 'toughest' United States sanctions on North Korea
In this image made from video by North Korea's KRT, a military parade is held in Pyongyang, North Korea Thursday, Feb. 8 , 2018. But privately, officials said, Pence expressed concern to Moon about his more conciliatory tone toward North Korea.

Florida commit's mother walks out after he chooses Gators
Dorian Gerald , the nation's No. 1-ranked JUCO defensive end, could be a late addition to the class. About a day before, Copeland tweeted about the struggle to make his decision.

European Union urges Israel to rebuild demolished Palestinian classrooms
Tensions have risen since US President Donald Trump's controversial recognition of Jerusalem as Israel's capital on December 6. On Monday, a terrorist fatally stabbed 29-year-old Rabbi Itamar Ben-Gal outside the settlement of Ariel.

Secrecy on president's exit bad for South Africa, group says
Sticking points could include concerns over possible prosecution for corruption allegations that remain against Zuma. Ramaphosa said direct talks were an opportunity to reach an agreement without spreading discord or division.

Salah happy at boyhood club Liverpool
When asked about the comments from his national team boss Hector Cuper he refused to distance himself from them. In my mind I want to win [the Golden Boot], but we will see what happens".

Planning for Military Parade Requested by President Trump Is Underway
So we're actually thinking about 4th of July, Pennsylvania Avenue, having a really great parade to show our military strength". It would be the same route as Trump's inaugural parade and pass by his family's showpiece: the Trump International Hotel.

Airstrikes pound rebel region of Syria; 55 dead
The UN said it had a plan to reach 700,000 people with relief in the next two months, if it can get the permission to proceed. The White Helmets said airstrikes targeting the village of Termala in Idlib on Tuesday killed three people.

Former Everton manager Ronald Koeman replaces Dick Advocaat as Netherlands coach
The KNVB have also appointed Nico-Jan Hoogma, who was general manager at Eredivisie side Heracles Almelo, as director of football. Koeman won Euro 88 as a Netherlands player, part of a team that also included Ruud Gullit, Frank Rijkaard and Marco van Basten.