Tag: Jerome Powell
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Supreme Court Pauses Lisa Cook Removal from Fed Board
Overview: A temporary halt in a high-stakes clash The U.S. Supreme Court stepped in to pause Donald Trump’s bid to oust Fed Governor Lisa Cook, keeping the Biden‑appointed official on the Federal Reserve Board for now. In a brief, unsigned order, the court said it would hear arguments in January about whether Cook can be…
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US Stock Market Decline Driven by Valuation Concerns
Overview of the Decline in the US Stock Market The US stock market has faced a notable decline, with major indices closing lower amidst growing concerns regarding valuations. This drop follows a period where stocks had been reaching all-time highs, raising questions among investors about the sustainability of these levels. Impact of Jerome Powell’s Remarks…