Health Care

WRAPUP 2-Powell tells markets Fed is flexible and aware of risks

WRAPUP 2-Powell tells markets Fed is flexible and aware of risks

Fed watchers have said that the bar is very high for the president to remove Powell "for cause" as the law appears to require, provided Powell decides to fight the dismissal in court.

Currently, the US inflation rate remains below what the Fed considers an optimal 2 percent level, meaning there is still space for economic expansion and workers are just beginning to benefit from the growth.

Jay Powell, the Fed chairman, said at a conference in Atlanta that the Fed would be patient in deciding whether to press ahead with additional interest rate increases. "And particularly with muted inflation readings that we've seen coming in, we will be patient as we watch to see how the economy evolves".

Powell called the December jobs report "very strong" and said US data seems "to be on track to sustain good momentum into the new year". That flexibility, he added, applied as well to the monthly reductions to the Fed's balance sheet.

Jerome Powell, chairman of the US Federal Reserve.

Real Madrid to sign Manchester City's Brahim Diaz with medical on Monday
The youngster was seen as one of their brightest prospects and tipped to break into the first-team at Etihad Stadium. Diaz moves to Spain in a deal worth at least £15 million ($19m) plus £6.5m in add-ons, Goal understands.

Private economists viewed Powell's comments as a strong signal that the Fed, which in December had projected another two rate hikes in 2019, may end up deciding to pause hikes for several months.

Powell gave as an example the fact that in 2016, when Janet Yellen was Fed chair, the central bank began the year with a projection that it would raise rates four times that year but ended up raising rates only once because the economy hit a soft-patch.

The President has repeatedly criticized the Fed's increasing monetary restrictions and interest rates, which he blamed for the market drop in a phone call with Fox News host Shannon Bream in October. Most of the companies in those industries stand to do better in times of faster economic growth.

"The problem in my opinion is Treasury and the Fed", Trump said. Earlier in the day, the euro zone single currency fell as low as $1.1347 against the dollar after the dollar rose following data that showed United States employers hired the most workers in 10 months in December while boosting wages.

Dallas Fed President Robert Kaplan said on Thursday that planned rate hikes should be halted for now, while on Friday Mester said she sees only one or two rate hikes this year.

Kevin Hart may host the Oscars 2019 after all
You have grown, you have apologized, you are apologized again right now. "But I don't believe in going backwards". An appreciative Hart said he would reconsider his decision to step down as host of the Academy Awards .

The US central bank has faced criticism from US President Donald Trump for moving too quickly to increase rates. A third Fed president, Thomas Barkin of Richmond, said he is hearing more concerns about economic risks and trade. "Powell is definitely trying to calm the markets".

Analysts predicted that job reports for January and February will be more of a policy reference for the Fed than the December report as they would provide a clearer picture of how tightened financial conditions affect the US economy.

"It's hard to square recession worries with the strongest job growth we've seen in years", said Alec Young, managing director of global markets research for FTSE Russell.

The Fed's tightening cycle includes both rate hikes and the gradual shedding of its more than $4 trillion in assets.

He added: "We're listening with sensitivity to the message that markets are sending and we're going to be taking those downside risks into account as we make policy going forward".

Tlaib Promises Democrats Coming for Trump: We’re Going to ‘Impeach the Motherf***er’
While Democratic House Speaker Nancy Pelosi has been hesitant to speak strongly in favor of impeachment, she has not ruled it out. She also told the George Soros-backed organization, "For me it's really about taking down these corporate billionaires".


  • China Takes Wind Out Of Apple iPhone Sales

    China Takes Wind Out Of Apple iPhone Sales

    STMicroelectronics, which makes imaging sensors for the new iPhone, dropped 9.2 percent, Business Insider reported . This comes a day after CEO Tim Cook announced a revision to Apple's revenue guidance for the last quarter of 2018.
    Saoirse Ronan to present at Golden Globes

    Saoirse Ronan to present at Golden Globes

    In the Trump era in particular, award show hosts have had to toe the line in deciding whether to delve into politics. Oldman won the Golden Globe previous year for best performance by an actor in a motion picture for "Darkest Hour".
    Kawhi Leonard's mom gets heated with Spurs fan during son's return

    Kawhi Leonard's mom gets heated with Spurs fan during son's return

    In San Antonio , the team never recovered from a slow start as it trailed 38-19 after one period. "I put [in] a lot of work here". After the game, Leonard said the jeers will only "make me better". "It'll be a pretty rough environment on Kawhi, I imagine.
  • Local News Should you file your taxes during the government shutdown?

    Local News Should you file your taxes during the government shutdown?

    Conveniently enough, the IRS is equipped to accept returns-they just can't issue refunds, according to the Detroit Free Press . As we head into tax season (the IRS hasn't publicized a start date yet), those plans will be updated, a source tells CNN .
    Apple blames revenue slump on slowing Chinese economy as iPhone sales slow

    Apple blames revenue slump on slowing Chinese economy as iPhone sales slow

    Overall, export growth decelerated to 5.4 percent over a year earlier, less than half October's 12.6 percent rate. A higher VIX typically corresponds with declining stock prices.
    Cathay Pacific mistakenly sells $16,000 flight for $675

    Cathay Pacific mistakenly sells $16,000 flight for $675

    Singapore Airlines in 2014 and Hong Kong Airlines past year honoured business class tickets mistakenly sold at economy fares. Also, round-trip business-class tickets to Los Angeles were sold starting $2,940 (Rs. 2L).
  • Yankees, free-agent reliever Zach Britton reportedly agree to three-year deal

    Yankees, free-agent reliever Zach Britton reportedly agree to three-year deal

    He tallied a 2.88 ERA, a 1.16 WHIP, 21 strikeouts and 11 walks over 25 regular season innings as a Yankee in 2018. The contract contains a club option for a third season, and Robertson has reportedly already passed his physical.
    British 'special forces wounded in Syria' in 'ISIS missile attack'

    British 'special forces wounded in Syria' in 'ISIS missile attack'

    Ankara regards the YPG an extension of the PKK, a Kurdish group that has waged a 34-year insurgency in Turkey. Mr Trump said: 'We have defeated Isis in Syria, my only reason for being there during the Trump Presidency'.
    Windows 10 edges out Windows 7 as most popular operating system

    Windows 10 edges out Windows 7 as most popular operating system

    Meanwhile, Microsoft also added 11 additional mouse pointer sizes in the Cursor and Pointers settings menu for a total of 15. The report adds that Windows 10 on 39.22% of all the Windows desktops in December 2018, while Windows 7 is on 36.9%.
  • Five teens dead in Polish escape room fire

    Five teens dead in Polish escape room fire

    Koszalin Mayor Piotr Jedlinski said in a statement the city would enter a day of mourning, on Sunday, for the loss of the girls. In the United Kingdom alone, the number of escape rooms has soared from just seven in 2013 to more than 1,000 as of past year .
    USA  budget shutdown talks to resume on Sunday, Trump says

    USA budget shutdown talks to resume on Sunday, Trump says

    Democrats have declined to approve the $5.6 billion Trump wants to fulfill a 2016 campaign promise to curb illegal immigration. Trump reaffirmed that he would consider declaring a national emergency to circumvent Congress and spend money as he saw fit.
    Trump turns to 'Game of Thrones' to push for border wall

    Trump turns to 'Game of Thrones' to push for border wall

    Trump does what he wants though, and he has returned with a second Game Of Thrones reference meme to start off the New Year.