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Jerome Powell

Jerome Powell

Fed Member Lisa Cook Retains Position Amid Trump's Legal Challenge
Business News

Fed Member Lisa Cook Retains Position Amid Trump's Legal Challenge

President Donald Trump's attempt to get rid of Fed member Lisa Cook before this week's interest rate decision fails. An appeals court has decided that Lisa Cook may continue in her position, at least temporarily, and thus be involved and vote on the key interest rate
Powell's Rate Signal Influences Swedish Households Too
Business News

Powell's Rate Signal Influences Swedish Households Too

A rate cut is in the cards, but what the American central bank says about the future can have a major impact also on Swedish households. The Stockholm stock exchange reflects much more how things look in the surrounding world than in the Swedish economy, says Maria Landeborn at Danske Bank
Trump Seeks Court Approval to Dismiss Fed Member Before Rate Decision
Business News

Trump Seeks Court Approval to Dismiss Fed Member Before Rate Decision

Donald Trump has been prevented from firing Federal Reserve member Lisa Cook. Now his administration is demanding that she be relieved of her duties before next week's interest rate decision
Trump Considers Three Candidates to Succeed Fed Chief Powell
Business News

Trump Considers Three Candidates to Succeed Fed Chief Powell

USA's president Donald Trump seems to have narrowed down his list of possible candidates to replace Fed chief Jerome Powell – and is now pointing out three top names.
Fed Board Member Lisa Cook Sues Trump Over Dismissal Attempt
Business News

Fed Board Member Lisa Cook Sues Trump Over Dismissal Attempt

The American central bank Federal Reserve's (Fed) board member Lisa Cook has filed a lawsuit against President Donald Trump. This after his attempt to dismiss her
Ousted Fed Member Lisa Cook Sues Trump Over Firing
Business News

Ousted Fed Member Lisa Cook Sues Trump Over Firing

USA's president Donald Trump states that he has fired Federal Reserve member Lisa Cook. The message is a clear escalation in Trump's fight against the central bank
H&M Shares Drop 2.1% Amid Stockholm Stock Exchange Decline
Business News

H&M Shares Drop 2.1% Amid Stockholm Stock Exchange Decline

The Stockholm stock exchange fell on the first day of the trading week. The broad OMXS index decreased by 0,7 percent and the large-cap index OMXS30 lost 0,8 percent
Powell's Speech Spurs Record Gains on Wall Street
Business News

Powell's Speech Spurs Record Gains on Wall Street

The Central Bank chief Jerome Powell lit the starting rocket – and Wall Street ended the week with a record and substantial gains on renewed hope of an interest rate cut.
Powell Signals Potential Interest Rate Cut Amid Economic Uncertainty
Business News

Powell Signals Potential Interest Rate Cut Amid Economic Uncertainty

USA's central bank chief Jerome Powell opens the door ajar for an interest rate cut in his speech at the central bank meeting in Jackson Hole in Wyoming. The conditions may justify that we adjust our stance, he says
Stockholm Stock Exchange Rises 1.7% Following Global Market Trends
Business News

Stockholm Stock Exchange Rises 1.7% Following Global Market Trends

The Stockholm stock exchange went up in a multi-stage rocket on Friday. It started in the morning – to gain more momentum when the US central bank chief opened up for a rate cut in the afternoon
Asian Stocks Rise Ahead of Powell's Speech
Business News

Asian Stocks Rise Ahead of Powell's Speech

Wall Street Dips as Investors Await Powell's Speech on Interest Rates
Business News

Wall Street Dips as Investors Await Powell's Speech on Interest Rates

Uncertainty while waiting for the country's interest rate master, the central bank chief Jerome Powell. The New York stock exchange pricked up its ears ahead of Powell's speech on Friday – and the prices fell somewhat
Stockholm Stock Exchange Continues Downward Trend
Business News

Stockholm Stock Exchange Continues Downward Trend

The Stockholm stock exchange continued to decline on Thursday and the broad OMXS index closed at a minus of 0. 3 percent
Trump Seeks Fed Chief Favoring Lower Interest Rates
Business News

Trump Seeks Fed Chief Favoring Lower Interest Rates

The list of candidates is long when the US President Donald Trump will choose a replacement for the Fed chief Jerome Powell. But all have one thing in common - the desire to lower the interest rate
Tech Stocks Continue to Decline on Wall Street Amid Investor Concerns
Business News

Tech Stocks Continue to Decline on Wall Street Amid Investor Concerns

The negative trend on the New York stock exchange continued on Wednesday. Another heavy day was recorded for the major technology companies
Fed Weighs Inflation Against Jobs in July Interest Rate Decision
Business News

Fed Weighs Inflation Against Jobs in July Interest Rate Decision

There were differences of opinion on how much focus should be on the labor market and inflation, respectively, shows the protocol from the American central bank Federal Reserve's (Fed) interest rate meeting in July.
Stockholm Stock Exchange Closes Down 0.2% Amid Market Fluctuations
Business News

Stockholm Stock Exchange Closes Down 0.2% Amid Market Fluctuations

The Stockholm stock exchange fluctuated up and down during Wednesday but at closing the broad OMXS index was at minus 0. 2 percent
Trump Considers Lawsuit Against Fed Chief Powell Over Renovation Costs
Business News

Trump Considers Lawsuit Against Fed Chief Powell Over Renovation Costs

A "greater atmosphere" in court can be expected. President Donald Trump hangs a threatening sword over the central bank chief Jerome Powell – at the same time as he once again demands a lowered interest rate
Fed Board Member Adriana Kugler Resigns Early
Business News

Fed Board Member Adriana Kugler Resigns Early

Adriana Kugler, one of the members of the US central bank Federal Reserve's (Fed) board, will leave on August 8, reports American media.
Trump Criticizes Fed Chief Powell Again on Social Media
Business News

Trump Criticizes Fed Chief Powell Again on Social Media

USA's president Donald Trump's quarrel with the central bank chief Jerome Powell continues. Now he takes it a step further
Fed Keeps Interest Rate Unchanged Amid Internal Disagreement
Business News

Fed Keeps Interest Rate Unchanged Amid Internal Disagreement

The key interest rate in the USA remains unchanged by the central bank Federal Reserve (Fed). But the bank's board was not unanimous in Wednesday's decision: two members wanted to see a reduction of 0
Stockholm Stock Exchange Closes Week with Gains Led by Hexagon
Business News

Stockholm Stock Exchange Closes Week with Gains Led by Hexagon

The Stockholm stock exchange ended the trading week with light green numbers. With Hexagon as the locomotive, the OMXS index recovered after a day with mostly red numbers and closed up 0
Trump Says Firing Fed Chief Powell Unnecessary
Business News

Trump Says Firing Fed Chief Powell Unnecessary

USA's president Donald Trump implies that he has given up all thoughts of dismissing the central bank chief Jerome Powell. To do that is a big move and I do not think that it is necessary, he says according to CNBC
Wall Street Hits New Record Levels Amid Strong US Labor Market
Business News

Wall Street Hits New Record Levels Amid Strong US Labor Market

Again, the US labor market shows stubborn strength, which reduces the chances of a rate cut. At the same time, the New York stock exchange climbed to new record levels
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