Powell Asked If Government Spending Is Against His Efforts to Rein in Inflation
Federal Reserve Chair Jerome Powell held a press conference on Wednesday announcing further rate hikes. When asked if government spending is against his efforts to rein in inflation, he said “not at present.”
Markets Are Sold on Powell’s Resolve: Analyst
Federal Reserve Chair Jerome Powell today reaffirmed his message of higher and potentially faster interest rate hike. Powell attempted to calm investor fears and make clear that officials have not yet made final call on the size of the next rate increase.
Inflation Is a Demand-Side Problem: Scholar
The Federal Reserve will likely keep raising interest rates higher than officials had first thought, Chair Jerome Powell told lawmakers in Washington. In his first of two appearances on Capitol Hill on Tuesday, Powell cautioned the Senate Banking Committee that the latest string of better-than-expected economic data and a modest reversal in the disinflation trend […]
Federal Reserve Chair Jerome Powell Testifies to Senate Banking Committee
Jerome H. Powell, chair of the Board of Governors of the Federal Reserve System, testifies at 10 a.m. ET on March 7 to the U.S. Senate Committee on Banking, Housing, and Urban Affairs on “The Semiannual Monetary Policy Report to the Congress.”
Fed Chair Powell Says ‘Long Way to Go’ in Inflation Fight, Calls US Debt ‘Unsustainable’
The United States is watching disinflation travel through the national economy, but “it has a long way to go” before price stability is achieved, says Federal Reserve Chair Jerome Powell. Speaking at the Economic Club of Washington on Tuesday, the Fed chair acknowledged that the country is in the “very early stages of disinflation.” However, […]
Fed Chair Powell Speaks to Economic Club of Washington D.C.
Federal Reserve Bank Chairman Jerome Powell speaks at the Economic Club of Washington D.C. at 11:45 a.m. ET on Feb. 7. The Economic Club of Washington D.C. presents the event with courtesy. NTD will livestream the event.
Dove or Hawk? Fed Chair Jerome Powell Bracing America for ‘Ongoing’ Rate Hikes
The Federal Reserve raised interest rates by 25 basis points, lifting the target rate to a more than 15-year-high of 4.50–4.75 percent. While investors had anticipated a quarter-point jump to the benchmark federal funds rate, financial markets had added to their losses when the Federal Open Market Committee (FOMC) statement revealed “ongoing” rate hikes and […]
Federal Reserve Chairman Jerome Powell Speaks After Policy Meeting
U.S. Federal Reserve Chairman Jerome Powell holds a news conference at 2:30 p.m. ET on Feb. 1. He is expected to announce that the Federal Reserve will speed up the end of its pandemic-era bond purchases and signal a turn to interest rate increases next year as a guard against surging inflation. The Epoch Times […]