Published: May 05, 2022
The Federal Reserve on Wednesday (May 4) raised its overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank's chief made an appeal to Americans to hang tough while officials take the hard measures to bring it under control.
Published: Nov 23, 2021
WASHINGTON - During his first term as Federal Reserve Chair, Jerome Powell faced blistering political pressure and an enormous economic crisis. He has confronted an ethics scandal within the central bank and the steepest inflation in more than 30 years.
Published: Sep 29, 2021
WASHINGTON - The Federal Reserve is under mounting pressure as it grapples with a slowing economic recovery, the abrupt departures of two regional banking presidents related to their stock-trading behavior, and a new call from a top Senate Democrat to replace Jerome Powell as chair.
Published: Aug 27, 2021
Three of the Federal Reserves leading hawks, on the eve of the central banks annual Jackson Hole symposium, urged that policymakers move quickly to slow asset purchases despite the risk from the spreading delta variant.