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The Latest Breaking News from Jerome Powell

Fed chair Powell faces a fraught moment

Two days of Congressional hearings come at a delicate time for the economy

Axios

Oil price jumps to nearly $114; natural gas prices reach record highs – as it happened

US and European shares push higher, while rouble drops 8% and Moscow stock exchange stays shut for third day, as Russia bombards Ukrainian cities

The Guardian - UK

Dow Jones Futures: Oil Prices Spike As Russian Crude Shunned Amid Ukraine Invasion; Fed Chief Powell Sees March Rate Hike

Futures fell while crude oil prices kept surging amid Russia's Ukraine invasion. Fed chief Jerome Powell will speak before Congress.

Investors Business Daily

From analysis to the latest developments in health,
read the most diverse news in one place.

Federal Reserve Faces High-Wire Act As Powell Backs March Rate Hike

As commodity prices surge amid Putin's Ukraine invasion, Fed chief Jerome Powell will tell Congress what means for rate hikes.

Investors Business Daily

Jerome Powell's math problem

Powell faces extremely tight math in attaining a majority of the Fed's policy-setting committee for his preferred actions.

Axios

How Did the Fed Not Anticipate the Inflation Surge?

We were told it would be "transitory." But inflation continued to rise.

Reason

Senate Republicans threaten to delay vote on Fed nominees

The top Republican on the Senate Banking Committee said that his party’s members will boycott a vote by the panel scheduled for Tuesday afternoon on President Joe Biden’s nominees to the Federal Reserve, potentially delaying confirmation of a second term for Chair Jerome Powell, who is serving in an acting…

The Independent UK

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Senate Banking to vote on nominees who would give Fed historic race and gender diversity

President Joe Biden’s effort to build a more diverse, climate-conscious Federal Reserve faces its first hurdle Tuesday as the Senate Banking Committee votes on whether to advance five nominees to the full Senate for consideration.

Tribune News Service

Panel to vote on noms who would give Fed historic race, gender diversity

Senate Banking will vote Tuesday on five Fed nominees who, if confirmed, would give the central bank historic race and gender diversity.

Roll Call

The key to understanding Fed policy: The Powell Ratchet

The central bank will keep pushing rates higher as conditions allow

Axios

Republicans duel with Fed board nominees over inflation, climate

Washington (AFP) - President Joe Biden's nominees to serve on the Federal Reserve's powerful board of governors were greeted at a Senate confirmation hearing Thursday with praise from Democrats and skepticism from Republicans, who questioned their qualifications and views on climate change.

AFP

Climate views put Fed nominee Raskin in GOP's crosshairs - Roll Call

Republicans are opposing Fed nominee Sarah Bloom Raskin over her views on the financial risks of human-caused climate change.

Roll Call

Biden's Fed board nominees become political footballs

Washington (AFP) - Though set up as an institution operating above the partisan fray in Washington, the Federal Reserve has again become a political football, with Republicans and business groups attacking President Joe Biden's nominees to serve on the central bank's board.

AFP

A key inflation gauge rose 5.8% in 2021, most in 39 years

A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods

The Independent UK

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AFP

Global stocks mixed as markets digest Fed, dollar surges

New York (AFP) - Global stocks ended trading mixed Thursday as markets weighed strong US economic data against concerns about tightening monetary policy, while the dollar spiked to a 20-month peak against the euro.

AFP

Stocks tumble on US rate hike uncertainty

London (AFP) - Equity markets mostly retreated Thursday, with the sharpest losses in Asia, after Federal Reserve chief Jerome Powell refused to be drawn on the pace of US interest rate hikes to battle decades-high inflation.

France 24

Prospect of US interest rate hikes sends stock markets tumbling

Stock markets slumped in Asia on Thursday and European shares started the day's trading in the red, after signals from the US Federal Reserve that it could raise interest rates more than three times in 2022. Fed Chair Jerome Powell said the central bank's policy committee was "of a mind"…

Bangkok Post

Markets tumble as US Fed signals end of pandemic-era cheap cash

Equity markets tanked Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by US Federal Reserve boss Jerome Powell, who signalled the bank would begin lifting interest rates in March.

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news in one place.

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AFP

Markets tumble as Fed signals end of pandemic-era cheap cash

Hong Kong (AFP) - Equity markets tanked Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by Federal Reserve boss Jerome Powell, who signalled the bank would begin lifting interest rates in March.

The Guardian - UK

Markets rebound as US economy records fastest growth since 1984 – as it happened

Rolling coverage of the latest economic and financial news

AFP

Asian markets slump as Fed signals end of pandemic-era cheap cash

Hong Kong (AFP) - Equity markets tanked in Asia on Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by Federal Reserve boss Jerome Powell, who signalled the bank would begin lifting interest rates in March.

The Independent UK

Asian stocks slump after Fed says US rates will rise 'soon'

Asian stock markets have tumbled by unusually wide margins after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation

AFP

Asian markets drop as Fed signals end of pandemic-era cheap cash

Hong Kong (AFP) - Equity markets tumbled in Asia on Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by Federal Reserve boss Jerome Powell who signalled the bank would begin lifting interest rates in March.

AFP

US shares reverse course as Fed signals likely March rate hike

New York (AFP) - Wall Street stocks ended mostly lower Wednesday after Federal Reserve Chair Jerome Powell signaled an interest rate hike is likely in March amid elevated inflation.

Investors Business Daily

Dow Jones Futures Volatile After Fed Chief Powell Wipes Out Market Gains; Tesla Leads Earnings Movers

Stocks erased big gains Wednesday as Fed chief Jerome Powell signaled rate hikes and more.

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People

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