The Latest Breaking News from Jay Powell

She's also enlisting the support of business leaders to prove that the economic is resilient.

Business and investing: Hawkish central banks keep investors on edge; ERoad takeover offer sends share price rocketing; Bitcoin arises from its slumber. Andrew Patterson reports.

Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks

Continuing to tighten monetary policy in this environment of bank blowups and declining consumer and business confidence is a surefire recipe for disaster.

For anyone trying to understand where interest rates and inflation are heading, it has been a strenuous few days. Jay Powell, chairman of US central bank the Federal Reserve, warned senators he may have to do more to fight inflation than expected, indicating the prospect of interest rates rising more…

Should BlackRock’s prediction prove true, borrowing costs would hit their highest level since 2001.

It’s time to brush up on yield curve inversions (again). They’ve predicted every recession since 1955.

Citadel's Ken Griffin said the Fed cannot work magic, so it must avoid making its job of tackling inflation harder by confusing markets.

The chair of the Federal Reserve has a more immediate impact on investement, employment and asset prices than anyone else, and yet CEOs would scoff at his take home pay.