“We wouldn’t hesitate to change it and that would include the balance sheet. We’re hearing a lot from different groups of people about the role the balance sheet normalization may be playing in the market,” he said. Powell explained that the Treasury issues more securities when the Fed’s balance sheet holdings mature. “We don’t believe
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Elijah Nouvelage | Bloomberg | Getty Images Jerome Powell, chairman of the U.S. Federal Reserve, speaks during the American Economic Association and Allied Social Science Association Annual Meeting in Atlanta, Georgia, U.S., on Friday, Jan. 4, 2019. Federal Reserve Chairman Jerome Powell said Friday that the central bank “wouldn’t hesitate” to adjust how quickly it
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Kudlow’s comments came shortly after China’s Commerce Ministry said Chinese and U.S. officials will meet next week to discuss trade. Both countries have been engaged in a trade spat for months that has sent ripples through global markets. They also come after Apple slashed its revenue guidance for the fiscal first quarter, citing an unexpected
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The decision drew outrage from Karen Attiah, Khashoggi’s former editor at the Post, and Sarah Leah Whitson, executive director of Human Rights Watch. Attiah slammed the move as “quite outrageous,” while Whitson said “Netflix’s claim to support artistic freedom means nothing if it bows to demands of government officials who believe in no freedom for
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Several Wall Street analysts have been cutting their iPhone production forecasts in the last few weeks amid reports of lackluster demand for the latest models. In November, Apple also said it would no longer break out iPhone sales. Then came Wednesday’s announcement, when the California-based iPhone maker lowered guidance for fiscal first quarter revenue and
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Apple shed 7 percent postmarket. Shares of semiconductor stocks fell after the announcement. Industrial giant Caterpillar, which draws a substantial amount of business from the Asia Pacific region, also saw its shares fall 3 percent in after-hours trade. The tech executive’s comments come amid ongoing trade disputes between the Washington and Beijing governments. While the
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