The Latest Breaking News from Jerome Powell

Washington (AFP) - The US central bank is prepared to raise interest rates by bigger steps than the quarter-point hike announced last week if that is what's needed to contain "much too high" inflation, Federal Reserve Chair Jerome Powell said Monday.

Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides that this would be necessary to slow rampaging inflation

Stock futures edge lower as Russian troops near Kyiv; Week Ahead: Powell speeches in focus as big rate bets return; oil prices leap as EU mulls Russia embargo; Boeing shares slump following 737 crash in China and Disney closes Shanghai theme park as Covid cases surge.

The stock market rally is in a confirmed uptrend, as Fed chief Jerome Powell sees the economy handling a flurry of Fed rate hikes this year.

The U.S. economy picked up in February, but the data so far this month is more mixed — leaving room for debate about whether the expansion will indeed “flourish” in the face of rising interest rates, as predicted by Federal Reserve Chair Jerome Powell.

Federal Reserve chief Jerome Powell pledged to slay high inflation, even if he has tank the U.S. economy and S&P 500 to get it done.

The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in 40 years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing…

The Senate Banking Committee has approved Jerome Powell’s nomination to a second four-year term as chair of the Federal Reserve

Senate Banking Republicans provided the quorum the panel needed Wednesday to vote on Fed Chair Jerome Powell and other nominees.

The quarter-percentage-point hike is likely the first of many to rein in the highest US inflation in over 40 years.

The Federal Reserve meeting saw the first rate hike since 2018. The Dow Jones regained its footing after the Fed policy news.