Jerome Powell - Page 3

Chairman Jerome Powell on Wednesday ruled out the idea that the Fed might raise its benchmark interest rate by 75 basis points.

If you want to figure out where monetary policy is heading next, watch the labor market.

The poet and essayist Ralph Waldo Emerson is often credited with advising that “life is a journey not a destination.” Federal Reserve Chairman Jerome Powell on Wednesday told us that for the Federal Reserve, it is the destination that matters more than the journey.

Fed officials agreed Wednesday to lift the benchmark federal-funds rate by three-quarters of a percentage point to a range between 3.75 and four percent.

On Friday’s broadcast of CNN’s “At This Hour,” New York Times Federal Reserve and Economy Reporter Jeanna Smialek stated that while the September jobs report is “a baby step in the right direction.” Things are “still too hot” for the Federal Reserve’s liking

Fed officials have a very wide range of projections for Fed policy two years from now.

Jerome Powell took up arms against a sea of troubles on Wednesday.

Just how unbalanced is the labor market? Federal Reserve Chairman Jerome Powell sees it as extremely unbalanced, with demand for workers far outstripping supply.

The Fed chairman’s responses to a Cato Institute Q&A appeared to confirm that the Fed is planning a jumbo 75 basis point rate hike this month.

It appears that Jerome Powell’s speech in Jackson Hole finally convinced investors that they could not fight the Fed.

Senator Elizabeth Warren (D-MA) said Sunday on CNN’s “State of the Union” that she is “very worried” that the Federal Reserve will “tip this economy into a recession.”

(AFP) – European natural gas prices climbed Thursday towards a record peak on heightened fears over Russian supplies, while equities rose on the eve of a key speech from Federal Reserve Chair Jerome Powell.

“While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation,” Powell said.

In his Jackson Hole speech, Fed Chair Jerome Powell needs to show the market that he is carrying bear spray—or something stronger—and is not afraid of the bears.

There was good news for Jerome Powell in the National Association of Business Economist survey released Monday: the Fed’s policy has become a lot more popular.

Next week Jerome Powell will find himself facing down financial markets at the feet of the Teton Mountains in Jackson Hole, Wyoming, each standing in the summer heat daring the other to blink first.

The market continues to show skepticism about the Fed’s commitment to keep raising rates to fight inflation.

After four straight weeks of gains for the stock market, it is time to admit that Jerome Powell has a problem.

The Federal Reserve allegedly withheld key documents that could have severely impacted a Federal Reserve nominee ahead of a potential confirmation vote, leading many to call for increased transparency and reform for the nation’s central bank.

Retail and construction openings crashed in June as the Fed raised interest rates at the fastest pace in decades.

He pivoted to positive economic news.

Federal Reserve Chairman Jerome Powell said Wednesday that he does not believe the U.S. is currently in a recession, citing the fact that job vacancies are still above 11 million, unemployment is near record lows, and hiring has been brisk.

There’s no doubt that the Federal Reserve is going to raise its interest rate target at the end of tomorrow’s meeting of the Federal Open Market Committee. What we do not know is how much they will raise.

The hotter-than-expected inflation report has increased expectations for a super-sized Fed hike at the end of this month.

The facts are changing again. Can the Federal Reserve’s monetary policy keep up?

U.S. central bankers hiked their plans to raise interest rates quickly in June when CPI inflation and consumer expectations for price increases both came in higher than expected.

Federal Reserve Chairman Jerome Powell said that the U.S. economy is “in pretty strong shape” as Americans face record inflation.

If corporate greed was responsible for the inflationary price hikes, we would see corporate profits soaring as inflation rose to 40-year highs this year. Instead, corporate profits fell in the first three months of this year.

Federal Reserve Chairman Jerome Powell stated on Wednesday he realized how little he understands about soaring inflation.

If it takes a recession—or even a period of stagflation—to bring down inflation, so be it. So says Fed Chair Jerome Powell.

On Wednesday’s broadcast of CNN’s “The Lead,” Senior Adviser to President Joe Biden Gene Sperling said that Federal Reserve Chairman Jerome Powell’s comments that high inflation pre-dates Russia’s invasion of Ukraine don’t contradict President Joe Biden’s rhetoric and “the reason we’ve

On Wednesday’s broadcast of CNN’s “The Lead,” Senior Adviser to President Joe Biden Gene Sperling agreed with Federal Reserve Chairman Jerome Powell’s statement that there was high inflation before Russia invaded Ukraine and argued that the inflation that existed prior to the

Fed Chair Jerome Powell bluntly rejected the Biden administration’s claim that the biggest driver of inflation right now is the war in Ukraine.

Powell says the war in Ukraine is not the primary cause of inflation, which started long before Russia’s invastion.

Powell signaled that the Fed is willing to risk a recession in order to tame inflation.

Treasury Secretary Janet Yellen on Tuesday testified before Congress that she expects inflation to remain “high” in the United States.