Fed's Powell staying put even if Trump has another idea [FOX Business Network]
Walt Disney Company (The) (DIS)
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Source: FOX Business Network
Federal Reserve Chair Jerome Powell said Thursday that he will remain in his role through the duration of his term even if incoming President-elect Trump decides to call for his resignation. The Fed announced a 25 basis point interest rate cut and during the press conference following the central bank's announcement, Powell was pressed on whether he would resign from his role if Trump pressured him to do so. "No," Powell said in response. A follow-up question was posed about whether Powell thinks he would be required to step down in response to such a request and again responded with a succinct, "No." Powell was also asked whether he believes the president has the power to fire or demote him and whether the Fed has determined the legality of demoting other Fed governors in leadership positions. "Not permitted under the law," Powell responded. President-elect Trump has criticized Powell and the Fed over some of its policy moves in recent years and during his first term in offi
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DIS
News
- Lululemon, Disney partner for 34-piece collection and campaign: 'A dream collaboration' [USA TODAY]USA TODAY
- Fox News Channel finishes election week as most-watched network in all of TV, crushes CNN and MSNBC [FOX News]FOX News
- Who are the Trump administration picks so far and who else is in the running? [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Betting markets suggest Trump will pick pro-crypto adviser to lead Treasury [FOX Business Network]FOX Business Network
- The Walt Disney Company (NYSE: DIS) had its price target raised by analysts at Evercore ISI from $105.00 to $128.00. They now have an "outperform" rating on the stock.MarketBeat
DIS
Earnings
- 8/7/24 - Beat
DIS
Sec Filings
- 11/12/24 - Form 144
- 11/12/24 - Form 4
- 11/1/24 - Form 4
- DIS's page on the SEC website