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Would You Give Up Google For $17,000 a Year? The Federal Reserve Wants To Know (slashdot)

The Federal Reserve wants to know what the internet is worth to you. The answer could help the central bank solve one of the most puzzling paradoxes of the modern economy: The current expansion is the longest in history, yet productivity gains are weak and GDP growth, while steady, is far from stellar. From a report: In a speech last week, Fed Chairman Jerome Powell raised the possibility that the problem is with the data itself. GDP measures the value of products and services that are bought an...
Tags: Google, Facebook, Europe, News, Youtube, Mit, Netherlands, Federal Reserve, National Bureau of Economic Research, Fed, Powell, University of Groningen, Jerome Powell, Erik Brynjolfsson, Msmash, Avinash Collis


Would You Give Up Google For $17,000 a Year? The Federal Reserve Wants To Know

The Federal Reserve wants to know what the internet is worth to you. The answer could help the central bank solve one of the most puzzling paradoxes of the modern economy: The current expansion is the longest in history, yet productivity gains are weak and GDP growth, while steady, is far from stellar. From a report: In a speech last week, Fed Chairman Jerome Powell raised the possibility that the problem is with the data itself. GDP measures the value of products and services that are bought an...
Tags: Google, Facebook, Europe, Youtube, Tech, Mit, Netherlands, Federal Reserve, National Bureau of Economic Research, Fed, Powell, University of Groningen, Jerome Powell, Erik Brynjolfsson, Avinash Collis, Felix Eggers


Washington’s political drama obscures potential new rate drops

The forecast for interest rates is still low, reinforced by new information from the Federal Reserve.
Tags: Washington, Radio, Federal Reserve, The Fed, Jerome Powell, Markets & Economy, Select, Dallas Federal Reserve, Banking & Lending, Lou Barnes, Markets And Economy, Robert S. Kaplan


'Countries will only want control': Apple co-founder Steve Wozniak warns governments will stifle crypto grow through heavy regulation

Apple co-founder Steve Wozniak is concerned how global governments will regulate cryptocurrencies going forward.  While speaking at the Nordic Business Forum in Helsinki on Wednesday, Wozniak said he's "very much afraid" countries will "only want control" as cryptocurrencies spread, according to Bloomberg.  The comments come as advocates are battling to legitimize cryptocurrencies and government are trying to determine how to regulate them.  Visit the Business Insider homepage for more stories...
Tags: Apple, Facebook, Mark Zuckerberg, Congress, Trends, Bloomberg, Helsinki, Trump, Wozniak, Steve Wozniak, Jerome Powell, Nordic Business Forum, EQUI Global, Libra Federal Reserve Chair


'Countries will only want control': Apple co-founder Steve Wozniak warns governments will stifle crypto growth through heavy regulation

Apple co-founder Steve Wozniak is concerned how global governments will regulate cryptocurrencies going forward.  While speaking at the Nordic Business Forum in Helsinki on Wednesday, Wozniak said he's "very much afraid" countries will "only want control" as cryptocurrencies spread, according to Bloomberg.  The comments come as advocates are battling to legitimize cryptocurrencies and government are trying to determine how to regulate them.  Visit the Business Insider homepage for more stories...
Tags: Apple, Facebook, Mark Zuckerberg, Congress, US, Trends, Bloomberg, Caribbean, Helsinki, Trump, Wozniak, Steve Wozniak, Jerome Powell, Nordic Business Forum, EQUI Global, Libra Federal Reserve Chair


Powell faces key question: What’s wrong with low inflation?

WASHINGTON (AP) — When out shopping, most Americans like lower prices. But the Federal Reserve sees things a little differently. Fed Chairman Jerome Powell instead says that low inflation, along with low interest rates, are “longer-term challenges” for the United States. In a brief speech in Kansas City, Missouri, Powell also acknowledged that such a […]
Tags: Business, News, Washington, Ap, United States, Federal Reserve, Fed, Powell, Kansas City Missouri, Jerome Powell


Indexes briefly cut losses in choppy trade after Powell comments

U.S. stocks briefly cut losses in choppy trading on Tuesday after Federal Reserve Chairman Jerome Powell suggested openness to further rate cuts and said the time has come to allow the Fed's asset holdings to begin to expand again.
Tags: Money, businessNews, Federal Reserve, Fed, Powell, Jerome Powell


Business briefly: Stocks skid ahead of US-China trade talks; Fed hints at rate cut

Stocks closed broadly lower on Wall Street Tuesday as tensions between the U.S. and China flared ahead of negotiations aimed at resolving the costly trade war between the world’s two biggest economies. The sell-off knocked more than 300 points off the Dow Jones Industrial Average. Technology companies, banks and health care stocks bore the brunt of the selling, which stretched the market’s losses further into a fourth week. The market slide began after the U.S. blacklisted a group of Chinese com...
Tags: Energy, Washington, China, Bank Of America, Sport, Beijing, Soccer, Nvidia, Treasury, Muslim, State Department, Federal Reserve, Denver, Fed, Powell, US China


Powell sees cooler US hiring in possible hint of rate cuts

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Revisions to the government’s jobs data suggest less upward pressure on wages and inflation. The Fed […]
Tags: Business, News, Washington, US, Ap, Nation, Federal Reserve, Fed, Powell, Jerome Powell


Chairman: Federal reserve must avoid political pressures

SALT LAKE CITY (AP) — Federal Reserve Chairman Jerome Powell is stressing the importance of an independent central bank “absolutely free” from politics. Powell’s comments Monday in Salt Lake City came after President Donald Trump has repeatedly pressured Powell to lower interest rates and said the United States is missing out on economic opportunities because […]
Tags: Business, News, Ap, Nation, United States, Salt Lake City, Federal Reserve, Donald Trump, Powell, Jerome Powell


Low inflation? Nothing to worry about, Fed's George says

Kansas City Federal Reserve Bank President Esther George on Sunday rejected the notion that the U.S. central bank should cut interest rates to try to boost low inflation, which she said is largely a result of global forces that U.S. monetary policy can do little to counter. "In current circumstances, concern about low inflation seems unnecessary," George told the National Association for Business Economics in Denver. Fed Chair Jerome Powell has repeatedly described the economy as being "in a ...
Tags: News, Fed, George, Jerome Powell, Esther George, Kansas City Federal Reserve Bank


Fed chairman says goal is to keep economy in ‘good place’

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a “good place” and the Fed’s main job is to “keep it there as long as possible.” Powell noted that unemployment is at a half-century low and inflation is […]
Tags: Business, News, Washington, Ap, Nation, Federal Reserve, Fed, Powell, Jerome Powell


China Won’t Save the World Economy This Time

(Bloomberg Opinion) -- U.S. recession indicators are growing stronger and there's one bigger-than-usual reason why the world should be worried: China isn't coming to the rescue this time.In the past week alone, a gauge of U.S. manufacturing unexpectedly fell to its weakest reading in a decade and payrolls at private companies grew less than forecast. Economists are starting to wonder whether the U.S. has approached so-called stall speed, the slowest pace of growth without careening into ...
Tags: News, White House, China, America, Bloomberg, Beijing, Xi Jinping, International Monetary Fund, Federal Reserve, North America, Donald Trump, Bloomberg LP, Trump, Fed, Pboc, Bloomberg News


Trump needs to make peace with China and get a cut in interest rates | Larry Elliott

US president’s target has tended to be Beijing but his focus is likely to turn more to the Federal ReserveStock markets around the world are sending a message to Donald Trump: end your trade war with China or face the nightmare scenario of running for a second term in the White House with the economy in serious trouble.The big falls seen on the world’s major bourses this week are the result of one thing: the growing fear of the impact of the standoff between Washington and Beijing on trade, indu...
Tags: Business, Washington, White House, China, US, International Trade, Economics, US news, Beijing, Asia Pacific, Xi Jinping, Global Economy, US economy, Federal Reserve, Donald Trump, Trump


‘Never A Big Fan!’: A Bewildering List Of Hires Trump Praised, Then Attacked

Two days after former Secretary of State Rex Tillerson snuck into the Capitol to tell the House Foreign Affairs Committee about his former boss, President Donald Trump attacked Tillerson as “totally ill prepared and ill equipped to be Secretary of State.” That’s strange, because Trump himself nominated Tillerson to be secretary of state. In December 2016, Trump called Tillerson “a world-class player,” said he was “the embodiment of the American dream” and lauded his “tenacity, broad experienc...
Tags: Twitter, News, Obama, Mexico, White House, Fbi, Canada, Goldman Sachs, Stock Market, Donald Trump, Jay, Exxon, Trump, Fed, Omarosa, Gary


Fed's Powell: U.S. inflation dynamics have shifted over the years

Globalization, technology and other forces have changed the way inflation works in the United States in a way that the Federal Reserve is still working to understand, Fed Chair Jerome Powell said on Monday.
Tags: Money, businessNews, United States, Federal Reserve, Fed, Powell, Jerome Powell


Federal Reserve Chairman Powell: 'Moderate' risk from corporate debt

Federal Reserve Chairman Jerome Powell said Monday that the central bank is closely monitoring a sharp rise in corporate debt.            [Author: Associated Press]
Tags: News, Associated Press, Federal Reserve, Powell, Jerome Powell


Fed's Powell: Business debt no subprime crisis, but still merits reflection

Federal Reserve Chairman Jerome Powell on Monday dismissed comparisons between the rise of business debt to record levels in recent years and the conditions in U.S. mortgage markets that preceded the 2007-to-2009 economic crisis, but even so said caution was warranted.
Tags: Money, businessNews, Federal Reserve, Fed, Powell, Jerome Powell


Powell says he sees ‘moderate’ risk from corporate debt

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says a sharp rise in corporate debt is being closely monitored but currently the Fed does not see the types of threats that triggered the 2008 financial crisis. In remarks prepared for a banking conference in Fernandina Beach, Florida, Powell says views about risker corporate debt — […]
Tags: Business, News, Washington, Ap, Nation, Federal Reserve, Fed, Powell, Jerome Powell, Fernandina Beach Florida


Fed pulled into trade fight as president seeks to ‘match’ China

President Donald Trump pushed the Federal Reserve to “match” what he said China would do to offset economic hardship being caused by tariffs as he sought to draft the U.S. central bank into his simmering trade war. “China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for the business they are, and will be, losing,” the president said in a tweet Tuesday. “If the Federal Reserve ever did a ‘match,’ it would be game over, we win! In any...
Tags: Business, China, Bloomberg, Sport, Economy, Soccer, Federal Reserve, Donald Trump, John Williams, Trump, Fed, Bloomberg Television, New York Fed, Jerome Powell


Powell says policies needed for income growth slowdown

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility. In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class families since the 1970s than for higher-income households. […]
Tags: Business, News, Washington, Ap, Nation, United States, Federal Reserve, Fed, Powell, Jerome Powell


U.S. adds robust 263,000 jobs; unemployment at 49-year low of 3.6%

By CHRISTOPHER RUGABER WASHINGTON — U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop partly reflected an increase in the number of Americans who stopped looking for work. Average hourly pay rose 3.2% from 12 months earlier, a healthy increase though unchanged from the prev...
Tags: Washington, China, Sport, Soccer, United States, Federal Reserve, Fed, Labor Department, Jerome Powell, Christopher Rugaber, Fed raised interest rates With the Fed


Gold holds near 4-month low as rate-cut hopes dwindle

Gold steadied near a four-month low on Friday, as comments from U.S. Federal Reserve Chairman Jerome Powell reduced expectations of a near-term rate cut, putting bullion on track for a weekly fall.
Tags: Money, businessNews, U S Federal Reserve, Jerome Powell


Dented Fed rate cut hopes drag on stocks; dollar, yields climb

Global equity markets declined for a second straight day on Thursday while the dollar and bond yields rose after comments from Federal Reserve Chairman Jerome Powell caused investors to lower expectations for a rate cut by the U.S. central bank this year. On Wall Street, major indices gave up initial gains and closed in the red, weighed down by a drop of more than 1% in energy shares as oil prices slumped. As earnings season winds down and with the majority of profit reports in the rear mirro...
Tags: Science, Wall Street, Federal Reserve, Jerome Powell, Dented Fed


Global Markets - Dented Fed rate cut hopes drag on stocks; dollar, yields climb

Global equity markets declined for a second straight day on Thursday while the dollar and bond yields rose after comments from Federal Reserve Chairman Jerome Powell caused investors to lower expectations for a rate cut by the U.S. central bank this year.
Tags: Money, businessNews, Federal Reserve, Jerome Powell, Global Markets Dented Fed


Steve Moore: Trump's Federal Reserve pick who made controversial comments about women withdraws

Stephen Moore is out as Donald Trump’s pick to join the Federal Reserve. In a tweet sent on Thursday, the president said Mr Moore had “decided to withdraw from the Fed process.”Following Herman Cain’s withdrawal, this is the second would-be nomination from the president in a week to fall apart.“Steve won the battle of ideas including Tax Cuts... and deregulation which have produced non-inflationary prosperity for all Americans,” the president’s tweets continued. “I’ve asked Steve to work with me...
Tags: Twitter, News, Senate, White House, America, Reagan, Bloomberg, Gop, Federal Reserve, Donald Trump, Wall Street Journal, Steve, Trump, Fed, Moore, Herman Cain


Wall St. eases as investors digest Fed comments

U.S. stocks eased further from recent record highs on Thursday as investors digested comments from Federal Reserve Chairman Jerome Powell the previous day that dampened some investor hopes of an interest rate cut this year.
Tags: Money, businessNews, Federal Reserve, Fed, Wall St, Jerome Powell


Gold falls to one-week low as Fed ambiguity clouds rate-cut bets

Gold on Thursday fell to its lowest in a little over one week, after comments from U.S. Federal Reserve Chairman Jerome Powell dashed hopes of a near-term rate cut, boosting the dollar and treasury yields.
Tags: Money, businessNews, Fed, U S Federal Reserve, Jerome Powell


Wall St. drops after Fed chair dampens rate-cut hopes

U.S. stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen hopes the central bank could move later this year to cut interest rates.
Tags: Money, businessNews, Federal Reserve, Fed, Wall St, Jerome Powell


US STOCKS-Wall St drops after Fed chair dampens rate-cut hopes

U.S. stocks ended lower on Wednesday and the S&P 500 snapped a three-day streak of record high closes as comments from Federal Reserve Chairman Jerome Powell appeared to dampen hopes the central bank could move later this year to cut interest rates. In its policy announcement, the Fed held rates steady as expected and struck a cautious tone on inflation.
Tags: News, Federal Reserve, Fed, Jerome Powell, US STOCKS Wall St