WASHINGTON—Federal Reserve Chair Jerome Powell cautioned Tuesday that persistently elevated inflation will likely delay any Fed interest rate cuts until later this year, opening the door to a period of higher-for-longer rates. “Recent data have clearly not given us greater confidence” that inflation is coming fully under control and “instead indicate that it’s likely to […]
Federal Reserve Chair Jerome Powell is unsure if the back-to-back, hotter-than-expected inflation readings are something more than just a bump in the road. In prepared remarks at Stanford University on Apr. 3, the central bank chief reiterated that it would be inappropriate for monetary policymakers to cut interest rates. “On inflation, it is too soon […]
The U.S. Supreme Court has refused to undo sanctions against a handful of pro-Trump lawyers—including Sidney Powell and Lin Wood—who filed a lawsuit challenging the results of the 2020 presidential election in Michigan. In a Feb. 20 order list, the Supreme Court denied certiorari without comment, leaving in place sanctions against seven lawyers who were […]
Former President Donald Trump has said that if he becomes president, he will not reappoint Federal Reserve Chair Jerome Powell. The host of NTD Business, Don Ma, gives his analysis of the situation, and where he thinks President Trump is coming from with his statements.
Federal Reserve Chair Jerome Powell dashed the hopes of investors again, repeating the central bank’s position that it will not be as quick to cut interest rates as the financial markets anticipate. During a lengthy interview with CBS News’ “60 Minutes” that aired on Feb. 4, Mr. Powell pledged to take a careful approach to […]
Federal Reserve Chair Jerome Powell is “not confident” that the central bank has done enough to eradicate inflation from the U.S. economy, he stated in a prepared speech. Appearing before an International Monetary Fund (IMF) audience on Nov. 9, Mr. Powell warned that additional work must be done to restore price stability. “The Federal Open […]
Federal Reserve Chair Jerome Powell suggested Thursday in front of an International Monetary Fund (IMF) panel in Washington that the Fed is in no hurry to further raise its benchmark interest rate, claiming inflation pressures are continuing to ease at a gradual pace. Still, he did not rule out the possibility of another rate hike […]
The U.S. budget is on an unsustainable path, and it is crucial for policymakers to deal with it sooner rather than later, Federal Reserve Chair Jerome Powell told Senate lawmakers. Powell appeared before the Senate Banking Committee for his semi-annual monetary policy report, and several Republican senators pressed the Fed Chair on the federal budget […]
Federal Reserve chairman Jerome Powell on Wednesday affirmed that more interest-rate hikes are on the way as inflation in the United States is still too high above the central bank’s target of 2 percent. “Nearly all” participants in the policy-making Federal Open Market Committee (FOMC) “expect that it will be appropriate to raise interest rates […]
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 dashed investors’ hopes for a quick pivot away from restrictive monetary policy, saying during a press conference on Nov. 2 that it’s “very premature” for market participants to be thinking about the central bank hitting pause on rate hikes amid the risk that expectations of higher inflation become entrenched. In […]
Federal Reserve Chair Jerome Powell delivers the keynote address at the annual Jackson Hole symposium on monetary policy. His remarks will shape expectations for how much the Fed will raise interest rates at its next meeting in September and beyond.
America’s banks are resilient enough to withstand even a “severe” recession with unemployment soaring to 10 percent, the real estate market melting 40 percent, and stocks sinking 55 percent, the Federal Reserve said. The Fed put dozens of America’s biggest banks under a “stress test” exercise to evaluate their resilience and ability to support a […]
The U.S. central bank should consider accelerating the winding down of its large-scale bond purchases at its next policy meeting in two weeks amid a strong economy and expectations that a surge in inflation will persist into the middle of next year, Federal Reserve Chair Jerome Powell said on Tuesday. Powell twinned his remarks, described […]
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testify before a Senate Banking Committee hybrid hearing, “CARES Act Oversight of Treasury and the Federal Reserve: Building a Resilient Economy.”
President Trump files a lawsuit in Wisconsin alleging state leaders and election officials committed “unlawful and unconstitutional acts” regarding the election, Attorney Sidney Powell files an election lawsuit in Arizona on behalf of the state’s Republican electors—alleging Dominion software manipulation, and mail-in ballots are coming in for Georgia’s two Senate runoff races—nearly one million mail-in ballots have been requested so far.
