Trump expresses more displeasure with Fed chairman

U.S. President Donald Trump walks on the South Lawn after returning to the White House in the early morning hours from a trip to Mississippi

Report: Trump Says 'Not Even a Little Bit Happy' with Fed's Powell

"So far, I'm not even a little bit happy with my selection of [Jerome Powell]". That contrasted with a remark Powell made in October that the Fed's policy rate was still well below neutral.

Fed Chairman Jerome Powell reiterated the central bank's concerns about corporate borrowing and deteriorating credit standards in a Wednesday speech.

Trump says: "They're making a mistake because I have a gut, and my gut tells me more sometimes than anybody else's brain can ever tell me".

Federal Reserve Chairman Jerome Powell cast a bright picture of the USA economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening.

Ariana Grande's "Thank U, Next" Trailer Includes Failed Engagement Joke
From 13 Going on 30 to Bring it On and Legally Blonde , everyone's favorite flicks are present and accounted for. It's all been in preparation for the release of the music video for her latest hit single, " Thank U, Next ".

Trump's sentiments are not out of step with some economists, but many analysts say that the Fed will resist backing off a December increase to avoid looking like it is not independent from the president.

Since stock prices have reached record highs over the past few years, they have a lot more room to fall, the report notes, stating that "elevated valuation pressures imply a greater possibility of outsized drops in asset prices".

Trump claimed the Fed is "way off-base with what they're doing", in raising interest rates that were at historical lows following the financial meltdown that started in 2007.

Following the interview, Trump sent out a flurry of tweets criticizing General Motors' ($GM) CEO Mary Barra for her decision to shutter plants and cut jobs across North America.

NBA Trade Grades: Jazz acquire Kyle Korver from Cavaliers
ESPN's Adrian Wojnarowski was the first to report the news publicly, but Jazz players already knew what went down. In 16 games for the Cavs this season, he shot 46.3 percent from 3-point range.

On Wednesday, Powell may reveal more about his thinking when he speaks to the Economic Club of NY.

Cheap debt and a one-time tax loophole put in place by the administration of US President Donald Trump have helped increase share dividends and asset prices, Washington Post columnist Steven Pearlstein wrote in June.

Officials cited potential risks tied to nonfinancial corporate borrowing, including low premiums demanded by investors in certain business debt, such as leveraged loans and high-yield corporate debt.

The Fed has lagged behind other major central banks in publishing a financial stability report, but it's now expected to issue such documents twice a year. It described funding risks in the financial system as low, meaning the chance that mispricing of one asset - in 2007, for example, housing - triggers a run by investors that puts the solvency of US banks at risk. Businesses with weak balance sheets could prove problematic in the event of an economic downturn, as they would be less likely to weather selling and could exacerbate a dip in the market, Powell explained. But signs of a slowdown overseas and almost two months of market volatility - including a sharp selloff last week - have clouded an otherwise mostly rosy US picture in which the economy is growing well above potential and unemployment is the lowest since the 1960s.

Akademiks Says He Hasn't Snitched on Tekashi 6ix9ine
Jones replies with the previously mentioned threat of violation: "Yeah, super violated". Another section of the transcript finds an unnamed associate saying, "That's cool".

Powell also identified several potential triggers to financial distress, including global trade conflicts, Brexit negotiations, Italy's budget plan, and "cyber-related disruptions". Powell, in his speech, said his overall view is that "financial stability vulnerabilities are at a moderate level".

Latest News