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Federal Reserve Governor Cook speaking about economic adjustments and AI implications.
AI impact

Federal Reserve Governor Backs 50bps Rate Cut Amid Economic Changes

On September 27, Federal Reserve Governor Cook voiced strong support for a 50 basis point interest rate cut, linking it to a slowing job market and easing inflation. Her remarks at Ohio State under...

business investmentGraph depicting US GDP growth rates for 2022 and 2023.

Revised US GDP Data Indicates Stronger Economic Growth in 2023

The latest U.S. GDP revisions show a growth rate of 2.9% for 2023, driven by strong business investment and consumer spending. Despite Fed interest rate hikes, the economy demonstrated resilience w...

Benchmark RatesFederal Reserve logo with emphasis on benchmark rates committee establishment.

Federal Reserve Forms New Benchmark Rate Committee

The Federal Reserve has established a new committee aimed at enhancing market understanding of benchmark rates, as announced by John Williams. Chairman Jerome Powell also avoided discussing current...

Bank SurvivalFederal Reserve Governor Michelle Bowman discussing bank survival and deposit insurance.

Fed Governor Bowman Discusses Importance of Deposit Insurance and Bank Survival

Federal Reserve Governor Michelle Bowman emphasizes the need to scrutinize deposit insurance limits, suggesting $250,000 may not be sufficient for all banks. Insights from Nic Carter on Silvergate ...

economyJanet Yellen speaking on interest rates and labor market dynamics.

Yellen Forecasts Declining Interest Rates and a Steady Labor Market

U.S. Treasury Secretary Janet Yellen predicts further decreases in interest rates, aiming for stability in the labor market. She highlights indicators of a soft landing for the economy amidst ongoi...

David TepperDavid Tepper discussing Federal Reserve rate cut plans and stock market strategies.

David Tepper Calls for Trust in Fed's Rate Cut Strategy

Hedge fund legend David Tepper urges investors to trust the Federal Reserve's plans for rate cuts. He believes 2-3 cuts are necessary to maintain credibility, favoring Asian and European stocks ove...