Jerome

Federal Reserve Chairman Jerome Powell Just Delivered Good News for Stock Market Investors

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Wall Street sign with American flags in the background.

The ongoing political conflict in the Middle East has caused oil prices to rise, raising fears of inflation that could damage the US economy. The last time inflation rose suddenly was in 2022, and it forced the Federal Reserve to raise interest rates so quickly S&P 500 (SNPINDEX: ^GSPC) The index fell by more than … Read more

Jerome Powell says the $39 trillion national debt is “unsustainable,” but warns the “debt” won’t end well.

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Jerome Powell says the $39 trillion national debt is "unsustainable," but warns the "debt" won't end well.

The chairman of the Federal Reserve Jerome Powell gave a strong assessment of the health of the American finances on Monday, telling a Harvard economics group that while the national debt of $ 39 trillion is not immediately dangerous, the way the country is in requires urgent attention from the lawmakers. Powell said during a … Read more