Page 17 - Jerome Powell

Five pressure points to watch in Asian markets after Fed's 75 bps hike

Asia traders are waking up to a relief rally across the Pacific after Federal Reserve Chair Jerome Powell promised the biggest rate hike since 1994 won't be the rule

Fed hikes rates by 75 bps, biggest jump since 1994, flags slowing economy

Chairman Jerome Powell and colleagues on Wednesday intensified their effort to cool prices by lifting the target range for the federal funds rate to 1.5% to 1.75%

Growth stocks lift Wall Street ahead of Fed's rate decision; Nasdaq up 1.6%

Market heavyweights Apple Inc, Meta Platforms , Alphabet Inc, Microsoft Corp and Amazon.com Inc added between 1.3% and 2.5%

World's central banks got it wrong on inflation and economies pay the price

ECB President Christine Lagarde has lately also turned more hawkish than she previously indicated, and the Reserve Bank of Australia is among those raising rates faster than policy makers had signaled

US inflation surges to 41-yr high of 8.6%; stocks fall sharply, crude dives

The faster-than-expected increase in inflation last month reported by the Labor Department on Friday also reflected a surge in rents, which increased by the most since 1990

Treasury Secretary Janet Yellen expects US inflation to 'remain high'

Treasury Secretary Janet Yellen acknowledged that she and Fed chair Jerome Powell could have used a better word than transitory when describing the expected run of inflation in the US economy

Let's get US interest rates to 2.5% as quickly as we can: Fed's Daly

The central bank is under pressure to begin to decisively curb overly high inflation, which is running at more than three times its 2% goal

Gold, silver prices slip to two-week low as US yields, dollar rise

A stronger dollar makes bullion more expensive for buyers holding other currencies, while gains in benchmark US 10-year Treasury yields reduce the appeal of zero-yield gold.

Wall Street mixed amid inflation fears; Powell-Biden talks in focus

Energy outperformed with a 1.1% gain as Brent crude climbed above $120 a barrel

Biden to meet Fed Chairman Powell as US inflation bites pocketbooks

Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans' pocketbooks

Should central bankers consider pitfalls of making declarative statements?

In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility

'Most' Fed officials saw 50 bps rate hikes in June and July, show minutes

The 50-basis-point rate increase this month was the first of that size in more than 20 years, and has set the Fed on course for a quick tightening of monetary policy

Wall Street drops as economic data, weak forecasts re-ignite slowdown fears

Snap set for worst day on record after profit warning; Abercrombie & Fitch slumps after lowering revenue outlook

Won't hesitate to keep hiking rates till inflation tamed: Fed chair

"What we need to see is inflation coming down in a clear and convincing way, and we're going to keep pushing until we see that," Powell said Tuesday during a Wall Street Journal live event

US Senate confirms Jerome Powell to second term as Fed chair amid inflation

Biden in a statement issued following Powell's confirmation said that he is pleased by the Senate's actions and that it will help move forward the administration's agenda to fight inflation

Dollar falls to one-week low as US fed pushes back against 75 bp hike

U.S. central bank is not actively considering a 75 basis point increase, but that additional 50 basis point jumps should be on the table for the next couple of meetings: Jerome Powell

Fed hikes rates half point, will shrink assets to curb US inflation

The US central bank will begin allowing its holdings of Treasuries and mortgage-backed securities to roll off in June.

Dollar approaches 20-year highs, US Federal Reserve meeting in focus

The Fed has taken an increasingly aggressive approach to monetary policy as it tackles inflation that is soaring at its fastest pace in 40 years

US Fed's closely watched inflation measure continues to surge 6.6% in March

Excluding the volatile food and energy, the core PCE price index increased 5.2 per cent in March from a year ago, compared with 5.3 per cent in February, Xinhua news agency reported

Fed chief Jerome Powell pivots toward 50 bps interest rate hikes

Jerome Powell is taking direct aim at strong demand that the central bank wants to cool