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Top 3 jerome powell News Today

#1
Central bank bosses enlist for war game to gauge threat of Lehman-style bust
#1 out of 396.41%
business1h ago

Central bank bosses enlist for war game to gauge threat of Lehman-style bust

  • Regulators from the US, UK and EU will join a Washington desktop war game to test responses to a global bank collapse.
  • The exercise, hosted near the IMF meetings, aims to coordinate cross-border responses among regulators.
  • Participants include the Federal Reserve, the European Central Bank and the Bank of England’s governor Andrew Bailey.
  • The exercise is a 'desktop' stress test held behind closed doors in Washington.
  • The FDIC described the event as a trilateral principal level exercise.
  • The purpose is to strengthen cross-border resolution and confidence in orderly outcomes.
  • The timing follows IMF and World Bank spring meetings and rising AI-related stability concerns.
  • Bailey chairs the Financial Stability Board and warns about rapid AI-driven changes.
  • The FDIC intends the exercise to improve coordination for global systemically important banks.
  • The meetings occur during IMF and World Bank gatherings in Washington.
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#2
U.S. Treasury yields rise after jobless claims data as Trump takes aim at Powell
#2 out of 3
business1d ago

U.S. Treasury yields rise after jobless claims data as Trump takes aim at Powell

  • U.S. Treasury yields rose after weekly jobless claims data and Trump's renewed attack on Powell.
  • The 10-year yield climbed to about 4.311% as the market priced in the data and policy risks.
  • Trump said he would fire Powell if he does not quit as Powell’s term ends next month.
  • Beige Book data showed growing uncertainty for U.S. businesses amid the Iran war.
  • Two-year yields edged higher, reflecting sensitivity to near-term Fed policy decisions.
  • Investors weighed energy prices and the Strait of Hormuz in the outlook.
  • New York Fed President John Williams warned the war could raise inflation via supply shocks.
  • Williams cautioned the war could affect economic performance even as policy signals evolve.
  • The article cites CNBC as the source for the market reaction and quotes.
  • Powell’s term as chair ends on May 15, but he remains a Fed governor with two years left.
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#3
Here’s how Wall Street is betting Trump’s battle over the Fed will pan out
#3 out of 3
politics22h ago

Here’s how Wall Street is betting Trump’s battle over the Fed will pan out

  • Markets are watching Trump and Tillis’ clash over Warsh’s Fed nomination to gauge how independence is preserved.
  • Analysts say delaying Warsh could push Powell’s position and test the Fed’s independence from political pressure.
  • Trump is described as a dealmaker with mixed signals on Powell and the Fed’s independence.
  • Tillis has publicly suggested Powell could stay temporarily if Warsh isn’t confirmed.
  • The piece notes Wall Street’s belief in an independent Fed will shape the outcome of the nomination fight.
  • Powell’s term ends in May, adding urgency to the nominations discussion.
  • The article frames the debate as a question of whether the White House can influence monetary policy or the Fed remains autonomous.
  • The piece includes a broader market view on inflation, oil, and the Iran situation affecting policy expectations.
  • The piece highlights columnist voices like Charles Gasparino and Lydia Moynihan noting different angles on the crisis.
  • The article lists several trending topics alongside the main story, emphasizing the breadth of Wall Street coverage.
  • Overall, the report frames the Warsh nomination as a proxy for the broader political-pressure question facing the Fed.
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