
Jennifer Schonberger
Federal Reserve and Cryptocurrency Reporter at Yahoo Finance
Federal Reserve/cryptocurrency/DC senior reporter for Yahoo! Finance. Former Fox Business. Singer/songwriter under JenniferAlexis. IG: @JenniferAlexisOfficial
Articles
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6 days ago |
ca.finance.yahoo.com | Jennifer Schonberger
Jerome Powell delivered a clear message to markets this week: I'm not coming to the rescue. The chair of the Federal Reserve used an appearance at the Economic Club of Chicago to say in no uncertain terms that investors shouldn't expect changes in interest rates anytime soon or any near-term intervention in the bond market following turmoil triggered by President Trump's tariffs.
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1 week ago |
ca.finance.yahoo.com | Jennifer Schonberger
The head of the International Monetary Fund said Thursday that President Trump’s tariffs will cause economies around the globe this year to experience higher inflation and slower growth — but not a recession. The comments from IMF Managing Director Kristalina Georgieva came as she previewed an IMF World Economic Outlook due out next week that will account for the impact of Trump’s tariffs. That outlook will show the IMF notably marked down growth, but isn’t predicting a global recession.
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1 week ago |
ca.finance.yahoo.com | Jennifer Schonberger
President Trump turned up the pressure on Federal Reserve Jerome Powell again on Thursday, saying in a social media post that he should lower interest rates and that “Powell’s termination cannot come fast enough!” His comments posted to Truth Social Thursday morning came one day after Powell said the central bank will "wait for greater clarity" before considering any rate adjustments as he expects Trump’s tariffs to generate "higher inflation and slower growth." Those twin developments,...
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1 week ago |
ca.finance.yahoo.com | Jennifer Schonberger
Federal Reserve Chairman Jerome Powell said Wednesday the central bank will "wait for greater clarity" before considering any interest rate adjustments as he expects President Trump’s tariffs to generate "higher inflation and slower growth." Those twin developments, he acknowledged during a Chicago speech, could create major dilemma for the Fed — which is obligated to keep prices stable while also maximizing employment.
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1 week ago |
ca.finance.yahoo.com | Jennifer Schonberger
Federal Reserve governor Chris Waller warned Monday that inflation could surge this year near 5% and economic growth could "slow to a crawl" if the effective tariff rate remains at 25%, and he believes the central bank may need to cut interest rates to prevent a recession.
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For traders looking for a June rate cut, right now Boston Fed’s Susan Collins essentially tells me don’t hold your breath https://t.co/l3bNhSzj7Z

Boston Fed's Collins not ruling out a recession. Her baseline outlook for the economy is one for slower growth this year, but when I asked whether the odds of a recession are rising she said, “my current outlook is not the more adverse one, but I wouldn't rule it out.”

“The higher the increase in tariffs and the more broad-based, of course, the larger the impact would be on our economy, on inflation, on growth,” Boston Fed president Susan Collins tells @jenniferisms. Full interview: https://t.co/jZTT8dXSNZ

RT @YahooFinance: “The higher the increase in tariffs and the more broad-based, of course, the larger the impact would be on our economy, o…