Tuesday, September 28News That Matters
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Tag: pick

Fed Chairman Powell says economic reopening could cause inflation to pick up temporarily

Finance
Federal Reserve Chairman Jerome Powell said Thursday that he expects some inflationary pressures in the time ahead but they likely won't be enough to spur the central bank to hike interest rates."We expect that as the economy reopens and hopefully picks up, we will see inflation move up through base effects," Powell said during a Wall Street Journal conference. "That could create some upward pressure on prices."Markets reacted negatively to Powell's comments, with stocks sliding and Treasury yields jumping. Some investors and economists had been looking for him to address the recent surge in rates, with a possible nod toward adjusting the Fed's asset purchase program.The Fed currently is buying $ 120 billion a month in Treasurys and mortgage-backed securities. Recent market chatter has re...

Biden SEC pick Gensler grilled over bitcoin, GameStop mania and board diversity

Finance
Gary GenslerAndrew Harrer | Bloomberg | Getty ImagesGary Gensler, President Joe Biden's pick to lead the Securities and Exchange Commission, said he would hope to oversee cryptocurrency regulation, the "gamification" of equity trading and board diversity if confirmed to lead Wall Street's chief regulator.Gensler, who testified before the Senate Banking Committee on Tuesday, was grilled on whether he would scrutinize payment for order flow and game-like tactics used by some online brokerages use to help attract customers to their platforms.Both subjects have received attention on Capitol Hill over the past two months after January's wild trading in GameStop, AMC Entertainment and other stocks.Senators including Massachusetts Democrat Elizabeth Warren asked Gensler in the virtual hearing for...
Books 2021: A pick and mix of what’s coming up

Books 2021: A pick and mix of what’s coming up

Entertainment
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Idaho is top pick for Energy Department nuclear test reactor

Technology
The U.S. government said Idaho is its preferred choice ahead of Tennessee for a test reactor to be built as part of an effort to revamp the nation’s fading nuclear power industry by developing safer fuel and power plantsBy KEITH RIDLER Associated PressNovember 19, 2020, 11:43 PM• 3 min readShare to FacebookShare to TwitterEmail this articleBOISE, Idaho -- The U.S. government said Thursday that Idaho is its preferred choice ahead of Tennessee for a test reactor to be built as part of an effort to revamp the nation’s fading nuclear power industry by developing safer fuel and power plants.The U.S. Department of Energy said in an email to The Associated Press that the site that includes Idaho National Laboratory will be listed as its preferred alternative in a draft environmental impact statem...