Page 25 - Jerome Powell

Why dividing central bankers into hawks and doves misses the big picture

Reducing central bankers to caricatures risks missing the big picture. These days, policy makers have to be more nimble

'Not the time' to discuss any change to bond purchases, says Fed's Powell

With the US economy still far from its inflation and employment goals it is too early for the Federal Reserve to discuss changing its monthly bond purchases, Fed Chair Jerome Powell said

'Not the time' to discuss any change to bond purchases: Fed's Powell

Powell promised that would be the case with the current purchases as well.

Fed and Treasury urge Congress to approve more Covid-19 relief funds

In his most direct comments so far, Powell told the House Financial Services Committee on Wednesday that it''s "very important" for Congress to provide economic support

Covid-19 resurgence poses challenges to economic recovery: Fed chief Powell

US Federal Reserve Chairman Jerome Powell said that the continuing Covid-19 resurgence across the country could pose challenges to the economic recovery in the next few months

Fed policymakers may give new bond-buying guidance 'fairly soon'

Most participants said the committee should move toward issuing forward guidance that links the pace and makeup of purchases to certain economic outcomes

Mnuchin's Fed funding clawback will not 'hamstring' new administration

Mnuchin told Fed Chair Powell in a letter that the $455 bn allocated to Treasury under the CARES Act last spring should be available for Congress to reallocate

Economy still needs fiscal, monetary support: Federal Reserve's Powell

The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said

Don't count too much on Covid-19 vaccine, warn Powell and Lagarde

On Monday, the pharmaceutical company Pfizer announced encouraging results from its vaccine trials, nudging stock markets toward new heights

World's central banks are now begging govts to power economic rebound

Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession

Amid US election uncertainty, the Fed is likely to lay low this week

The Federal Reserve is scheduled to release its latest policy statement after two days of debate in which policymakers lacked a critical piece of information: who will run the US for next four years

Fed's Powell: Important for US to get digital currency right than be first

Powell said it is vital the Fed assess what impact a CBDC might have on a range of critical issues

US economy highly uncertain despite marked improvement: Fed's Powell

Mnuchin, in prepared remarks to the Democratic-controlled committee, said he felt the economy "will see tremendous third-quarter growth"

Powell says central bank committed to using all tools to help recovery

The Federal Reserve remains committed to using all the tools at its disposal to help the US economy recover from the blow delivered by the coronavirus pandemic, Chair Jerome Powell said

Federal Reserve weighs bank dividends as it prepares second stress test

The central bank said it will release the results of the new analysis by the end of 2020

Federal Reserve vows to keep interest rates near zero until inflation rises

The Fed's decision drew two dissents, one from a policymaker who thought it went too far, and the other from one who thought it didn't go far enough

Asian stocks cheer upbeat data but temper appetite ahead of US Fed meeting

The Fed is due to announce its decision on Wednesday, followed by a news conference from Jerome Powell

Rates to stay low for 'however long it takes': US Fed Chair Jerome Powell

Jerome Powell said the US jobs report for August was "a good one," but noted that with gains likely to slow, the central bank is planning to keep its foot on the monetary policy gas pedal for years

Managing markets

Bond and currency markets would increase policy difficulties

Gold holds steady on softer dollar, investors eye Fed Chair Powell's speech

Gold prices were mostly unchanged after rising more than 1% in the previous session on weaker US dollar, as investors awaited a speech from Federal Reserve Chairman Jerome Powell due later in the day