Published: Dec 07, 2021
Jerome Powells pivot toward a quicker withdrawal of stimulus paves the way for a more agile Federal Reserve in 2022, one thats willing to raise interest rates faster than expected if inflation lingers or hold back if the pandemic worsens.
Published: Dec 02, 2021
Federal Reserve Chair Jerome Powell reinforced his message that the U.S. central bank would keep inflation in check and said for the second time in two days that officials should consider speeding up how quickly they withdraw policy support.
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: Jul 28, 2021
Federal Reserve Chair Jerome Powell on Wednesday said that the delta variant of the coronavirus could have fewer implications for the economy, if it follows the pattern of past waves of covid surges.
Published: Apr 11, 2021
Federal Reserve Chair Jerome Powell warned in an interview broadcast Sunday that reopening the economy too quickly could lead to another worrisome jump in coronavirus cases, saying that the United States has not completely turned the corner and that the pandemic continues to pose major risks to any recovery.
Published: Feb 25, 2021
The unprecedented $9 trillion rescue mission by central banks to haul the world economy from its coronavirus recession is being tested as rising bond yields and inflation bets threaten their ability to keep borrowing costs down.
Published: Jan 28, 2021
Federal Reserve Chair Jerome Powell said Wednesday that getting Americans vaccinated is the most important thing to help the economy, comments that could boost President JoeBiden's push to pass a massive new relief package that includes big spending on vaccines.