Federal Reserve Poised to Cut Interest Rates in September: Minutes (Connecting the Dots: Federal Reserve, BlackRock, The Carlyle Group, The Economic Club of Washington, Princeton University, U.S. Treasury & Soros Funding, All Networking)
Some
July meeting participants had favored a July rate cut.
By
Andrew Moran
8/21/2024
Updated: 8/22/2024
The
“vast majority” of Federal Reserve officials would likely support cutting
interest rates in September if the data continue to favor looser monetary
policy, according to minutes
from the July meeting.
The
meeting summary of the policymaking Federal Open Market
Committee (FOMC) highlighted
that U.S. central bank officials are becoming increasingly confident that
inflation is moving toward the institution’s target of 2 percent.
With
employment risks forming and inflation challenges decreasing, most participants
agreed that easing policy restrictions would be appropriate next month.
“Participants
viewed the incoming data as enhancing their confidence that inflation was
moving toward the committee’s objective,” the minutes read. “The vast majority
observed that if the data continued to come in about as expected, it would
likely be appropriate to ease policy at the next meeting.”
“Several”
meeting participants noted that there was a “plausible case” supporting a rate
cut at the July meeting amid the progress on inflation and the increase in the
unemployment rate.
At
the same time, a “couple” of participants noted that inflationary pressures
could persist because “the economy had considerable momentum, and that, even
with some easing of the demand for labor, the labor market remained strong.”
Staff
economists trimmed their growth outlook for the second half of 2024 “in
response to weaker-than-expected labor market indicators.”
“As
a result, the output gap at the start of 2025 was somewhat narrower than had
been previously projected, although still not fully closed,” the minutes read.
“Over 2025 and 2026, real GDP growth was expected to rise about in line with
potential, leaving the output gap roughly flat in those years. The unemployment
rate was expected to edge up slightly over the remainder of 2024 and then to
remain roughly unchanged in 2025 and 2026.”
Many
participants warned that easing restrictive policy “too little or too late”
could threaten “unduly weakening economic activity or employment.”
Following
the July policy meeting, the Fed left its benchmark interest rate at a 23-year
high within a range of 5.25 percent to 5.5 percent.
Fed
Chair Jerome Powell signaled
that a rate cut could be discussed as early as next month’s meeting, although
he stopped short of saying whether the central bank will follow through on a
quarter-point or half-point reduction.
“The
broad sense of the committee is that the economy is moving closer to the point
at which it will be appropriate to reduce our policy rate,” Powell said at a
post-meeting news conference on July 31.
“The
question will be whether the totality of the data, the evolving outlook in the
balance of risks, are consistent with rising confidence on inflation and
maintaining a solid labor market. If that test is met, a reduction in our
policy rate could be on the table as soon as the next meeting in September.”
Powell
told reporters that as the Fed observes “broader disinflation” across the
economy and dissipating upside inflation risks, one “would think policy rates
would move down from here.”
With
the Fed close to restoring price stability—one of the institution’s chief
mandates—Powell noted that there could be more of a focus on the job market.
Last
month, the unemployment rate rose to 4.3 percent, the highest since October
2021. The higher-than-expected jobless figure triggered
the Sahm rule, a widely watched recession indicator.
Ahead
of the FOMC meeting on Sept. 17 and 18, the Fed will still have more inflation
data to digest and another jobs report to comb through.
Balance
Sheet Unwinding
According
to the FOMC minutes, officials stressed the importance of monitoring the money
markets—a part of the financial markets that offer short-term funds—amid the
ongoing reduction of the central bank’s $7.2 trillion balance sheet.
Officials
have been unwinding its holdings, including Treasury bonds, since June 2022. It
is unclear whether the central bank plans to maintain its sizable post-COVID-19
pandemic balance sheet for the foreseeable future.
Powell
told reporters this spring that the Fed’s balance sheet tapering efforts could
come to a close soon.
In
June, policymakers announced that they would lower the cap for how much
Treasurys can mature without being reinvested to $25 billion per month from $60
billion.
A
chorus of Fed officials, including Lorie Logan, president of the Federal
Reserve Bank of Dallas, have said that slowing the amount of tapering could
allow the central bank to continue its balance sheet runoff without disrupting
financial markets.
But
market watchers say that it is not the size of the Fed’s investment portfolio
but rather its composition.
“If
the economy continues to expand strongly and inflation remains sticky, we see a
growing chance that future tightening discussions could involve altering the
composition of balance sheet holdings,” BlackRock economists Tom
Becker and Simon Wan said in a research
note. “Though financial markets have largely ignored the possibility
of a more active approach to shrinking or recasting the balance sheet, we view
this as an underappreciated risk, particularly after the U.S. election.”
This,
they warn, would pose downside risks for the U.S. dollar and long-term
government bond prices.
That
said, it is unlikely that the Fed will lower its balance sheet to where it was
a decade ago, according to Rob Haworth, senior investment strategy director for
U.S. Bank Wealth Management.
“It
seems unlikely the Fed will drop its balance sheet back to the $4 trillion
level, as it stood in 2015–16, but given the extent the economy has grown since
then, a larger Fed balance sheet may be justified,” Haworth said in a note
earlier this month.
Market
Reaction
The
financial markets were little changed following the release of the Fed minutes,
with the leading benchmark indexes up by as much as 0.47 percent.
U.S. Treasury yields maintained
their sea of red ink. The benchmark 10-year yield slumped below 3.77 percent.
The two- and 30-year yields dropped to 3.9 percent and 4.04 percent,
respectively.
The
U.S. Dollar Index, a metric of the greenback against a basket of currencies,
extended its losses midweek, falling to 101. The index erased its year-to-date
gain and is now down by about 0.3 percent.
Connecting
the Dots:
Keith T. Anderson was a
co-founder for BlackRock, Inc. and a chief investment officer for
the Soros Fund Management.
George Soros is the founder of the Soros
Fund Management and the founder & chairman for the Open
Society Foundations.
Open Society Foundations was a funder for
the Atlantic Council of the United States (think tank).
Timothy D. Adams is
a director at the Atlantic Council of the United States (think tank)
and was an undersecretary for the U.S. Department of the Treasury.
David D.
Aufhauser is a director at the Atlantic Council of the United
States (think tank) and was a general counsel for the U.S.
Department of the Treasury.
James A. Baker III is
an honorary director at the Atlantic Council of the United States
(think tank) and was a secretary for the U.S. Department of the
Treasury.
Kenneth W. Dam is
a lifetime director for the Atlantic Council of the United States
(think tank) and was a deputy secretary for the U.S. Department of
the Treasury.
Stuart E.
Eizenstat is a director at the Atlantic Council of the United
States (think tank) and was a deputy secretary for the U.S.
Department of the Treasury.
Robert M. Kimmitt is
a director at the Atlantic Council of the United States (think tank)
and was a deputy secretary for the U.S. Department of the Treasury.
George P. Shultz is
an honorary director at the Atlantic Council of the United States
(think tank) and was a secretary for the U.S. Department of the
Treasury.
Herbert M.
Allison Jr. was a director at the Atlantic Council of the
United States (think tank) and an assistant secretary at the U.S.
Department of the Treasury.
Teresa M. Ressel was
a director at the Atlantic Council of the United States (think tank)
and an assistant secretary at the U.S. Department of the Treasury.
Timothy F.
Geithner was a secretary for the U.S. Department of the Treasury,
an overseer at the International Rescue Committee and is a
director at the International Rescue Committee.
Indra K. Nooyi is
an overseer at the International Rescue Committee and was a
director at the Federal Reserve Bank of New York.
Foundation to Promote Open Society was a funder for the International Rescue
Committee.
George Soros was the chairman for the Foundation to Promote
Open Society and
is the founder of the Soros Fund
Management.
Keith T. Anderson was a chief
investment officer for the Soros Fund Management and a co-founder
for BlackRock, Inc.
Thomas E. Donilon is the
chairman for Blackrock, married to Catherine Russell (Jill
Bidens Chief of Staff) and was a trustee at the Brookings
Institution (think tank).
Foundation to Promote Open Society was a funder
for the Brookings Institution (think tank).
George Soros was the chairman for
the Foundation to Promote Open Society.
Karen Dynan was
a VP for the Brookings Institution (think tank), an assistant
secretary for the U.S. Department of the Treasury and a senior
adviser for the Federal Reserve Board.
Alice M. Rivlin is
a senior fellow at the Brookings Institution (think tank) and was a
vice chair for the Federal Reserve Board.
Ben S. Bernanke is
a distinguished fellow at the Brookings Institution (think tank) and
was a chairman for the Federal Reserve Board.
Douglas W.
Elmendorf was a senior fellow at the Brookings Institution (think
tank) and an assistant director, Research and Statistics for the Federal
Reserve Board.
Donald L. Kohn is
a senior fellow at the Brookings Institution (think tank), was a
vice chairman for the Federal Reserve Board and a member of
the Federal Open Market Committee (FOMC).
John C. Whitehead is
an honorary trustee at the Brookings Institution (think tank) and
was the chairman for the Federal Reserve Bank of New York.
Glenn H. Hutchins is
a trustee at the Brookings Institution (think tank) and a
director at the Federal Reserve Bank of New York.
Richard C. Blum is
an honorary trustee at the Brookings Institution (think tank),
married to Senator Dianne Feinstein and an Economic Advisory
Council member for the Federal Reserve Bank of San Francisco.
Louis W. Cabot is
an honorary trustee at the Brookings Institution (think tank) and
was a director at the Federal Reserve Bank of Boston.
Susan M. Collins is
a nonresident senior fellow at the Brookings Institution (think tank) and
a director, Detroit branch for the Federal Reserve Bank of Chicago.
Paul A. Volcker was
the chairman for the Federal Reserve Board, is the chairman
emeritus for the Group of Thirty and a member of the Bretton
Woods Committee.
Timothy F. Geithner was a member
of the Group of Thirty, is an overseer, director for the International
Rescue Committee and a secretary for the U.S. Department of the
Treasury.
ONE Campaign is
a partner with the International Rescue Committee.
Stanley Fischer was
a member of the Group of Thirty, is a member of the Bretton
Woods Committee, a member of the Federal Open Market Committee (FOMC)
and the vice chairman for the Federal Reserve Board.
Lawrence H.
Summers is a member of the Group of Thirty, a member of
the Bretton Woods Committee, a director at the ONE Campaign
and was a trustee at the Brookings Institution (think tank),
ONE Campaign is
a partner with the International Rescue Committee.
Foundation to Promote Open Society was a funder for the International
Rescue Committee and the Brookings Institution (think tank).
George Soros was the chairman
for the Foundation to Promote Open Society, is a member of
the Bretton Woods Committee and the founder of the Soros
Fund Management.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Thomas
E. Donilon is the chairman for Blackrock, married to Catherine
Russell (Jill Bidens Chief of Staff) and was a trustee at
the Brookings Institution (think tank).
David H. Romer was
a senior fellow at the Brookings Institution (think tank), a junior
staff economist for the Council of Economic Advisers and is a
professor at the University of California, Berkeley.
Janet L. Yellen was
the chairman for the Council of Economic Advisers, a director at
the Pacific Council on International Policy, is the chair for
the Federal Open Market Committee (FOMC), the chair for the Federal
Reserve Board, a professor emeritus for the University of
California, Berkeley and married to George A. Akerlof.
Condoleezza
Rice was a director at the Pacific Council on International
Policy, a director at the ONE Campaign and is an overseer at
the International Rescue Committee.
ONE Campaign is
a partner with the International Rescue Committee.
Timothy F. Geithner is an overseer,
director for the International Rescue Committee and a secretary for
the U.S. Department of the Treasury.
Foundation to Promote Open Society was a funder for the International
Rescue Committee, the Roosevelt Institute and the Climate Reality
Project.
George Soros was the chairman
for the Foundation to Promote Open Society and is Jonathan Soros’s father.
ONE Campaign is
a partner with the International Rescue Committee.
Jay Mazur is an
overseer at the International Rescue Committee and was a director
at the Roosevelt Institute.
Jonathan Soros is a senior fellow
at the Roosevelt Institute and George Soros’s son.
George Soros is Jonathan
Soros’s father and was the chairman for the Foundation to Promote
Open Society.
Foundation to Promote Open Society was a funder for the
Roosevelt Institute and the Climate Reality Project.
Joseph E.
Stiglitz is the chief economist & senior fellow for the Roosevelt
Institute, a director at the Climate Reality Project, a
chairman for the Council of Economic Advisers and shared the 2001
Nobel Prize in economics with George A. Akerlof.
George A. Akerlof shared
the 2001 Nobel Prize in economics with Joseph E. Stiglitz.is a
professor at the University of California, Berkeley and married
to Janet L. Yellen.
Michael Lewis is
a visiting fellow at the University of California, Berkeley and a
columnist for Bloomberg News.
Bloomberg News is
a division of Bloomberg LP.
Michael R.
Bloomberg is the founder of Bloomberg LP and was an
advocate for the ONE Campaign.
ONE Campaign is
a partner with the International Rescue Committee.
Timothy F.
Geithner is an overseer, director for the International Rescue
Committee and a secretary for the U.S. Department of the Treasury.
Foundation to Promote Open Society was a funder for the International
Rescue Committee.
George Soros was the chairman
for the Foundation to Promote Open Society.
Condoleezza
Rice was a director at the ONE Campaign, is an overseer at
the International Rescue Committee and a director at the Pacific
Council on International Policy.
Janet L. Yellen was
a director at the Pacific Council on International Policy, is the
chairman for the Council of Economic Advisers, the chair for
the Federal Open Market Committee (FOMC), the chair for the Federal
Reserve Board, a professor emeritus for the University of
California, Berkeley, and married to George A. Akerlof.
David H. Romer is
a professor at the University of California, Berkeley, a junior
staff economist for the Council of Economic Advisers and was a
senior fellow at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the
Brookings Institution (think tank).
George Soros was the chairman
for the Foundation to Promote Open Society and is the founder of
the Soros Fund Management.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Thomas
E. Donilon is the chairman for Blackrock, married to Catherine
Russell (Jill Bidens Chief of Staff) and was a trustee at
the Brookings Institution (think tank).
Karen Dynan was
a VP for the Brookings Institution (think tank), an assistant
secretary for the U.S. Department of the Treasury and a senior
adviser for the Federal Reserve Board.
Alice M. Rivlin is
a senior fellow at the Brookings Institution (think tank) and was a
vice chair for the Federal Reserve Board.
Ben S. Bernanke is
a distinguished fellow at the Brookings Institution (think tank) and
was a chairman for the Federal Reserve Board.
Douglas W.
Elmendorf was a senior fellow at the Brookings Institution (think
tank) and an assistant director, Research and Statistics for the Federal
Reserve Board.
Donald L. Kohn is
a senior fellow at the Brookings Institution (think tank), was a
vice chairman for the Federal Reserve Board and a member of
the Federal Open Market Committee (FOMC).
John C. Whitehead is
an honorary trustee at the Brookings Institution (think tank) and
was the chairman for the Federal Reserve Bank of New York.
Glenn H. Hutchins is
a trustee at the Brookings Institution (think tank) and a
director at the Federal Reserve Bank of New York.
Richard C. Blum is
an honorary trustee at the Brookings Institution (think tank),
married to Senator Dianne Feinstein and an Economic Advisory
Council member for the Federal Reserve Bank of San Francisco.
Kathryn A. Hall is
an Economic Advisory Council member for the Federal Reserve Bank
of San Francisco and a trustee at Princeton University.
John F. McDonnell is
a benefactor for Princeton University and was the
chairman for the Federal Reserve Bank
of St. Louis.
Jerome H. Powell (Jay) earned
a degree in politics from Princeton University, was a partner at
the Carlyle Group and is the 16th chair of the Federal Reserve.
Alan S. Blinder is
a professor at Princeton University,
a friend of Ben S. Bernanke and was the vice chairman for
the Federal Reserve Board.
Ben S. Bernanke was
chairman for the Federal Reserve Board, is a friend of Alan
S. Blinder, a professor at Princeton University and
the and a distinguished fellow at the Brookings Institution (think
tank).
Paul R. Krugman is
an economist at Princeton University and was
a consultant for the Federal Reserve Bank of New York.
John C. Whitehead
was the chairman for the Federal Reserve Bank of New York and is an
overseer at the International Rescue Committee.
Foundation to Promote Open Society was a funder for
the International Rescue Committee.
George Soros was the chairman
for the Foundation to Promote Open Society.
W. Michael
Blumenthal is an overseer at the International Rescue
Committee and was a trustee emeritus at Princeton University.
Albert Einstein was the
founder of the International Rescue Committee and a professor
at Princeton University.
Foundation to Promote Open Society was a funder
for the International Rescue Committee.
George Soros was the chairman
for the Foundation to Promote Open Society.
Timothy F.
Geithner is an overseer, director for the International Rescue
Committee and a secretary for the U.S. Department of the Treasury.
Condoleezza
Rice was a director at the ONE Campaign, is an overseer at
the International Rescue Committee and a director at the Pacific
Council on International Policy.
Janet L. Yellen was
a director at the Pacific Council on International Policy, is the
chairman for the Council of Economic Advisers, the chair for
the Federal Open Market Committee (FOMC), the chair for the Federal
Reserve Board, a professor emeritus for the University of
California, Berkeley and married to George A. Akerlof.
David H. Romer is
a professor at the University of California, Berkeley, a junior
staff economist for the Council of Economic Advisers and was a
senior fellow at the Brookings Institution (think tank).
Foundation to Promote Open Society was a funder for the Brookings Institution (think
tank).
George Soros was the chairman for the Foundation to Promote
Open Society and is the founder of the Soros Fund Management.
Keith T. Anderson was a chief
investment officer for the Soros Fund Management and a co-founder
for BlackRock, Inc.
Thomas
E. Donilon is the chairman for Blackrock, married to Catherine
Russell (Jill Bidens Chief of Staff), a friend of David
M. Rubenstein and was a trustee at the Brookings Institution (think
tank).
Foundation to Promote Open Society was a funder for the
Brookings Institution (think tank).
George Soros was the chairman
for the Foundation to Promote Open Society.
David M.
Rubenstein is co-chairman for the Brookings Institution (think
tank), the president of the Economic Club of Washington, Joe
Biden spent Thanksgiving with him and a co-founder & co-CEO for
the Carlyle Group.
George H.W. Bush was
an adviser for the Carlyle Group.
Jerome H. Powell (Jay) was
a partner at the Carlyle Group.
John Major was
the chairman of Carlisle Europe for the Carlyle Group, his private
secretary & foreign affairs adviser was Charles D. Powell, the
prime minister for the United Kingdom and is a co-president
for the Chatham House.
Royal
Institute of International Affairs is the former name of the Chatham
House.
Queen Elizabeth
II is a patron for the Chatham House, and the queen for
the United Kingdom.
Edward J. Mathias is
a managing director at the Carlyle Group, a director at the Economic
Club of Washington and was a trustee at the University of Pennsylvania (DOJ Reviewing
Potentially Classified Docs at Biden Center at the University of Pennsylvania).
David M.
Rubenstein is a co-founder & co-CEO for the Carlyle Group,
is
co-chairman for the Brookings Institution (think tank), the president of
the Economic Club of Washington, a regent at the Smithsonian
Institution and Joe Biden spent Thanksgiving with him.
Joseph R. Biden Jr. spent
Thanksgiving with David Rubenstein, is a regent at the Smithsonian
Institution and president for the Joe Biden Administration.
John G. Roberts
Jr. is the chancellor for the Smithsonian Institution, the
chief justice for the U.S. Supreme Court and an honorary member of
the Robert Trent Jones Golf Club (Gainesville, VA).
Vernon E. Jordan
Jr. is the president emeritus for the Robert Trent Jones Golf
Club (Gainesville, was the president of the Economic Club of
Washington and an honorary trustee at the Brookings Institution
(think tank).
Foundation to Promote Open Society was a funder
for the Brookings Institution (think tank).
George Soros was the chairman for
the Foundation to Promote Open Society and is the founder of the Soros
Fund Management.
Keith T. Anderson was
a chief investment officer for the Soros Fund Management and a
co-founder for BlackRock, Inc.
Thomas
E. Donilon is the chairman for Blackrock, married to Catherine
Russell (Jill Bidens Chief of Staff), a friend of David
M. Rubenstein and was a trustee at the Brookings Institution (think
tank).
Karen Dynan was
a VP for the Brookings Institution (think tank), an assistant
secretary for the U.S. Department of the Treasury and a senior
adviser for the Federal Reserve Board.
Alice M. Rivlin is
a senior fellow at the Brookings Institution (think tank) and was a
vice chair for the Federal Reserve Board.
Ben S. Bernanke is
a distinguished fellow at the Brookings Institution (think tank) and
was a chairman for the Federal Reserve Board.
Douglas W.
Elmendorf was a senior fellow at the Brookings Institution (think
tank) and an assistant director, Research and Statistics for the Federal
Reserve Board.
Donald L. Kohn is
a senior fellow at the Brookings Institution (think tank), was a
vice chairman for the Federal Reserve Board and a member of
the Federal Open Market Committee (FOMC).
Resources:
Past Research
Fed
Chair Powell Says ‘Long Way to Go’ in Inflation Fight, Calls US Debt
‘Unsustainable’ (Connecting the Dots: The Federal Reserve, The Economic Club of
Washington, The Carlyle Group, David Rubenstein, The UK & Soros Funding,
All Networking) (Past Research on Jerome Powell)
Tuesday,
February 7, 2023
https://thesteadydrip.blogspot.com/2023/02/fed-chair-powell-says-long-way-to-go-in.html
Vice
Chair Stanley Fischer Is Stepping Down from the Fed (Past
Research on the Federal Open Market Committee)
Friday,
September 8, 2017
https://thesteadydrip.blogspot.com/2017/09/vice-chair-stanley-fischer-is-stepping.html
‘Not
QE’ as Fed Trapped Between a ‘Rock and a Hard Place’ (Connecting the Dots:
FDIC, Federal Reserve, St. Louis Federal Reserve, Department of the Treasury
& Soros Funding, All Networking) (Past Research
on the Federal Reserve)
Sunday,
March 19, 2023
https://thesteadydrip.blogspot.com/2023/03/not-qe-as-fed-trapped-between-rock-and.html
Connecting
the Dots That Catherine Austin Fitts Speaks of in This Video, With Soros
Controlling All the Money. Biblical – Mark of the Beast – And it Begins! (Past Research on the Federal Reserve & BlackRock
Inc.)
Friday,
August 20, 2021
https://thesteadydrip.blogspot.com/2021/08/connecting-dots-that-catherine-austin.html
BlackRock
Pulls Ad Showing Gunman From Trump Rally (Connecting the Dots: BlackRock, Soros
Fund Management, O'Melveny & Myers LLP, Alejandro N. Mayorkas, Catherine
Russell (Jill Biden’s Chief of Staff), Kimberly Cheatle, U.S. Secret Service,
PepsiCo & Soros Funding, All Networking) (Past
Research on BlackRock Inc.)
Tuesday,
July 16, 2024
https://thesteadydrip.blogspot.com/2024/07/blackrock-pulls-ad-showing-gunman-from.html
Former
Treasury Secretary Summers: My 'Best Guess' US Will Hit Recession Soon
(Connecting the Dots: Larry Summers, Meet the Press, NBC, ABC, Soros, Federal
Reserve & Janet Yellen) (Past Research on the Federal
Reserve)
Monday,
July 25, 2022
https://thesteadydrip.blogspot.com/2022/07/former-treasury-secretary-summers-my.html
Rep.
Ken Buck on D.C.’s Swamp: Politicians Are ‘Bought with Taxpayer Dollars’
(Researchers Note: Follow the Money!) (Past
Research on the U.S. Department of the Treasury)
Saturday,
April 15, 2017
https://thesteadydrip.blogspot.com/2017/04/rep-ken-buck-on-dcs-swamp-politicians.html
Smaller
Bites - Internal Revenue Service (IRS) (Connecting the Dots: IRS, The U.S.
Department Of The Treasury & The Soros Funded Think Tank) (Past Research on Timothy Geithner)
Thursday,
October 20, 2022
https://thesteadydrip.blogspot.com/2022/10/smaller-bites-internal-revenue-service.html
‘Not
QE’ as Fed Trapped Between a ‘Rock and a Hard Place’ (Connecting the Dots:
FDIC, Federal Reserve, St. Louis Federal Reserve, Department of the Treasury
& Soros Funding, All Networking) (Past Research
on the Federal Reserve Bank of San Francisco)
Sunday,
March 19, 2023
https://thesteadydrip.blogspot.com/2023/03/not-qe-as-fed-trapped-between-rock-and.html
Jerome
Powell
https://en.wikipedia.org/wiki/Jerome_Powell
Jerome
Hayden "Jay" Powell (born February 4, 1953) is an American attorney
and investment banker who has served since 2018 as the 16th chair of the Federal
Reserve.
After
earning a degree in politics from Princeton University in 1975 and a
Juris Doctor from Georgetown University Law Center in 1979,[2] he moved to
investment banking in 1984 and worked for several financial institutions,
including as a partner of The Carlyle Group.
Fed
Chair Powell Says ‘Long Way to Go’ in Inflation Fight, Calls US Debt
‘Unsustainable’ (Connecting the Dots: The Federal Reserve, The Economic Club of
Washington, The Carlyle Group, David Rubenstein, The UK & Soros Funding,
All Networking) (Past Research on Carlyle Group)
Tuesday,
February 7, 2023
https://thesteadydrip.blogspot.com/2023/02/fed-chair-powell-says-long-way-to-go-in.html
BlackRock,
Beijing, Have Stakes in Biden Anti-Fossil Energy Plan (Connecting the Dots:
Blackrock, NATO, CNN, Office of Management and Budget, Thomas E. Donilon,
China, Biden & Soros) (Past Research on
BlackRock, Thomas Donilon & David Rubenstein)
Tuesday,
July 12, 2022
https://thesteadydrip.blogspot.com/2022/07/blackrock-beijing-have-stakes-in-biden.html
Smithsonian
Admits to Destruction of Thousands of Giant Human Skeletons in Early 1900′s (Past Research on the Smithsonian Institution)
Wednesday,
December 10, 2014
No comments:
Post a Comment