News

Fed’s Powell: Soft landing unlikely to be celebrated

Published

7 months ago

March 7, 2024

Ahron Young

Federal Reserve Chair Jerome Powell delivered a sobering message to lawmakers on the U.S. House Financial Services Committee, indicating that any declaration of a “soft landing” for the economy would not come from the Fed.

During testimony before the committee, Powell navigated questions about the upcoming presidential election and steered clear of declaring victory over achieving the sought-after soft landing – characterised by low inflation and low unemployment.

Representative Al Green, a Texas Democrat, queried Powell about the possibility of an official announcement regarding a soft landing, especially in a political climate where competing claims about the economy’s health persist.

Powell’s response underscored the Fed’s cautious stance.

“We are just going to keep our heads down and do our jobs and try to deliver what the public is expecting from us. We wouldn’t be declaring victory like that.”

This exchange shed light on Powell’s pivotal role in the upcoming presidential race, with both President Joe Biden and former President Donald Trump having appointed him as Fed chair.

The outcome of the election may hinge, in part, on Powell’s decisions regarding monetary policy.

Amidst a climate of political uncertainty, Powell aims to remain neutral and avoid entanglement in partisan disputes.

Regardless of the election outcome, Powell emphasised that the U.S. economy is on a positive trajectory, aligning with the conditions indicative of a soft landing.

Despite indicators suggesting the possibility of a soft landing, Powell refrained from celebrating prematurely.

“That’s the economy that we’re trying to achieve. We’re on a good path so far to be able to get there,” he said.

“But I don’t want to put the label on it. Other people can do that.”

Leaders

How Urth.io’s Samantha Jewell is pioneering ESG

Published

7 hours ago

October 10, 2024

Ahron Young

In this special interview, the Earth.io CEO discusses the critical role of soil carbon in tackling climate change and her mission to reshape the future of sustainable business.

Samantha Jewell, founder and CEO of Urth.io, is on a mission to change the way businesses think about Environmental, Social, and Governance (ESG) principles, particularly in the area of soil carbon stewardship.

In a recent on Ticker News, Jewell underscored the importance of reducing carbon emissions and the critical role businesses can play in addressing climate change.

One key focus of Urth.io is supporting farmers in creating carbon offsets through responsible soil management.

“Soil carbon is one of the most underappreciated tools we have to combat climate change,” Jewell explained.

However, she acknowledges the challenges, particularly the complexity of regulations and the need to shift mindsets among both farmers and buyers.

Revealing book

Jewell’s book, *Carbon is Not a Dirty Word*, serves as a practical guide for businesses and individuals looking to implement sustainable practices.

“The book is about making sustainability accessible, whether you’re a business leader or a farmer,” she said.

As ESG becomes a central concern for many industries, Jewell believes that education and a commitment to long-term change are essential.

To learn more about her work or purchase her book, visit samjewel.com or urth.io.

News

Google’s dominance threatened by lawsuit

Published

9 hours ago

October 10, 2024

ticker NEWS

The U.S. Justice Department is taking aim at Google’s search empire.

The DOJ wants Google to spin off key assets like Chrome and Android to create a fairer marketplace. Analysts warn this move could undercut Google’s search dominance and slow down its progress in AI. Google might even be forced to share user data, potentially boosting its competitors.

Leaders

Biden speaks to Netanyahu over the phone in a bid to ease escalating tensions in the Middle East

Published

14 hours ago

October 10, 2024

ticker NEWS

President Biden and PM Netanyahu speak on the phone for the first time in months as tensions with Iran explode. No ceasefire, no end in sight, with Israel and Hezbollah locked in conflict.

U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu spoke on Wednesday as tensions with Iran continue to flare.

The 30-minute call between Biden and Netanyahu marks their first since August, highlighting escalating conflict between Israel and Iran-backed forces.

With the conflict with Hezbollah intensifying and Gaza caught in the crossfire, there’s no indication of a ceasefire on the horizon. #featured #trending