Criticism mounts against the FED as Powell remains chair; Lori Chavez-DeRemer blames the central bank for economic suffering and calls for rate cuts, while Goldman Sachs warns on AI stocks.

The entities involved

• FED →

  business

  • A tech sell-off began in New York markets, driven by rate hike concerns and hawkish commentary from the FED.13:28
  • Tech stock weakness and tighter monetary policy expectations are driving a selloff in silver prices.13:28
• Jerome Powell →

  president of the FED

  • A Reuters poll, OECD data, and IMF support highlight ongoing monetary policy discussions amid geopolitical risks.Sat 10:08

Related events

• The article discusses the Federal Reserve, Jerome Powell's role as Chair, and market caution ahead of rate decisions, specifically mentioning Oxford Industries and Monster Beverage.Jun 7
• The FED leadership is under pressure from the administration, evidenced by the appointment of a new chair, amid ongoing criticism from Donald Trump and economic impacts from the Iran attacks.Jun 7
• The FED held an FOMC meeting to set rates, signaling effects on chip stocks and ETF performance, while Trump nominated a successor for Powell.Jun 27
• Statements from Fed officials Williams, Waller, and Bowman are being monitored as signals of future rate hike intentions.Jul 14
• Kevin Warsh, Federal Reserve Chairman, made comments at Jackson Hole that shifted market expectations regarding future rate hikes.Aug 29