Federal Reserve Chair Jerome Powell, in a wide-ranging talk at Harvard University, said Monday that he sees inflation expectations as grounded despite rising energy prices so the central bank doesn't need to respond with higher interest rates.As his term leading the central bank nears an end, Powell avoided questions about...
Category: Finance
Why one hedge fund veteran is urging investors to ‘prepare for the worst’
Investors may want to take a step back as stocks swing amid rising geopolitical tensions.DBi's Andrew Beer suggests the market's crystal ball is broken."It's not normal for big markets to move as much as they are right now," the firm's managing member told CNBC's "ETF Edge" this week. "Something is...
World has ‘never experienced’ soaring refining margins like this, TotalEnergies CEO tells CNBC
Roughly 15% of TotalEnergies' production is offline, as the war with Iran nears the one-month mark, but surging oil prices have more than made up for the lost barrels, chairman and CEO Patrick Pouyanné told CNBC in an exclusive interview.With Brent crude trading solidly above $100 a barrel, much of...
SEC Commissioner Hester Peirce on ETFs: ‘We want to work with people on new products’
SEC Commissioner Hester Peirce is indicating an openness to work with Wall Street on emerging exchange-traded fund products tied to cryptocurrencies and tokenization."We want to work with people on new products," Peirce said during an exclusive interview this week with "ETF Edge" host Dominic Chu. "It really is a come...
Fed Governor Waller urges caution for now, says rate cuts possible later in the year
Federal Reserve Governor Christopher Waller on Friday expressed caution about current economic conditions but still sees the opportunity for interest rate cuts later this year.Previously an advocate for rate cuts, Waller said in a CNBC interview that recent developments in the labor market as well as the uncertainty of the...