Chairman

Federal Reserve Board Chairman Jerome Powell testifies during a Senate's Committee on Banking, Housing, and Urban Affairs ...

Federal Reserve Chairman Jerome Powell says fighting inflation could cause a recession

WASHINGTON (AP) — The Federal Reserve on Wednesday delivered its starkest assessment of what it will take to finally get painfully high inflation under control: slower growth, higher unemployment and potentially a recession. Speaking at a press conference, Chairman Jerome Powell acknowledged what many economists have been saying for months: that the Fed’s goal of …

Federal Reserve Chairman Jerome Powell says fighting inflation could cause a recession Read More »

Activist investor calls on Kohl's board to oust chairman and CEO

Activist investor calls on Kohl’s board to oust chairman and CEO

Find out what clicks on FoxBusiness.com An activist investor wants Kohl’s to remove longtime chairman Peter Boneparth and veteran chief executive Michelle Gass. In a letter sent to the department store chain’s board on Thursday, Ancora Holdings says Boneparth and Gass have failed to reverse Kohl’s “sustained underperformance” and unlock shareholder value. “The combination of …

Activist investor calls on Kohl’s board to oust chairman and CEO Read More »

Activist investor calls on Kohl's board to oust chairman and CEO

Activist investor calls on Kohl’s board to oust chairman and CEO

Find out what clicks on FoxBusiness.com An activist investor wants Kohl’s to remove longtime chairman Peter Boneparth and veteran chief executive Michelle Gass. In a letter sent to the department store chain’s board on Thursday, Ancora Holdings says Boneparth and Gass have failed to reverse Kohl’s “sustained underperformance” and unlock shareholder value. “The combination of …

Activist investor calls on Kohl’s board to oust chairman and CEO Read More »

Watch Chairman Jerome Powell talk about the Fed's rate hike and the prospect of future increases

Watch Chairman Jerome Powell talk about the Fed’s rate hike and the prospect of future increases

Speed ​​of rate hikes adds risk, says CFRA’s Stovall As the Federal Reserve signals that it will push its benchmark index well above 4%, potentially including another big rate hike this year, the central bank is increasing risks to investors and the economy, according to the CFRA’s chief investment strategist, Sam Stovall. “With the FOMC …

Watch Chairman Jerome Powell talk about the Fed’s rate hike and the prospect of future increases Read More »