US Fed chief ditches ‘transitory’ tag, paves way for rate hike
WASHINGTON (BLOOMBERG) – Team Transitory is throwing in the towel. In a clear sign that the US Federal Reserve is shifting to tighter monetary policy, Jerome Powell – who’s spent […]
Markets see June liftoff on US rate hikes after Biden sticks with Powell to lead Fed
WASHINGTON (BLOOMBERG, REUTERS) – Traders are pricing in a ramp-up in tapering bond purchases by the US Federal Reserve and the potential for a June liftoff on rate hikes after […]
‘Tension’ between jobs, inflation the chief challenge facing US central bank: Fed chief
WASHINGTON (REUTERS) – Resolving “tension” between high inflation and still-elevated unemployment is the most urgent issue facing the Federal Reserve right now, its chairman Jerome Powell said on Wednesday (Sept […]
US stocks mixed as market digest earnings, Fed decision
NEW YORK (AFP) – The Nasdaq rallied while the Dow fell on Wednesday (July 28) as investors digested a slew of mostly positive earnings reports and a Federal Reserve decision […]
US Federal Reserve keeps rates unchanged but cites ‘progress’ towards its goals
WASHINGTON (NYTIMES) – The Federal Reserve kept interest rates unchanged on Wednesday (July 28) and said it would continue buying large quantities of government debt, but suggested that it could […]
Fed chief offers more assurances on US economy despite inflation
NEW YORK (AFP) – The United States economy remains on a positive trajectory even as it contends with higher inflation, according to congressional testimony released on Monday (June 21) by […]
Fed’s Powell: US economy at an ‘inflection point’
NEW YORK (REUTERS) – The US economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but some risks remain, […]
As US prospects brighten, Fed chief sees risk in global vaccination pace
WASHINGTON (NYTIMES) – Jerome Powell, the Federal Reserve chair, stressed on Thursday (April 8) that even as economic prospects look brighter in the United States, getting the world vaccinated and […]
Powell: US economy looks to be strengthening
WASHINGTON (REUTERS) – The US economy is “much improved”, Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing “unprecedented” support, but at […]