The Latest Breaking News from Jerome Powell

Fed Chairman Jerome Powell says a CBDC won't happen soon: 'We're not at the stage of making any real decisions'

President Joe Biden issued an executive order last year calling for more urgency and research on CBDCs.

Fortune · Mar 8, 2023

Powell says ‘no decision’ has been made on speeding up pace of rate hikes

Federal Reserve Chair Jerome Powell stressed that policymakers had not yet made up their minds on the size of their interest-rate increase later this month and said it would hinge on incoming data on jobs and inflation.

Tribune News Service · Mar 8, 2023

Powell softens tone and says March rate hike size is not yet decided

Federal Reserve Chair Jerome Powell softened his tone slightly during a second day of congressional testimony, saying policymakers will wait for fresh jobs and inflation data before deciding how much to raise interest rates later this month.

Tribune News Service · Mar 8, 2023

Oil Extends Declines on Rate Hike Concerns

Oil prices fell for a second straight session on Wednesday, driven by fears that more aggressive US interest rate hikes would hit demand, while the market awaited further clarity on inventories. Brent crude futures dipped 22 cents, or 0.3%, to $83.07 per barrel by 0730 GMT.

Asharq Al-Awsat · Mar 8, 2023

Bank of England policymaker calls for interest rates to be held; RMT to hold vote on Network Rail pay offer – as it happened

MPC member Swati Dhingra warns against that overtightening monetary policy could harm weak economy

The Guardian - UK · Mar 8, 2023

Asian stocks tumble amid fears about faster rate hikes

Asian shares are mostly lower as investors fret that the Federal Reserve might raise interest rates faster if pressure stays high on inflation

The Independent UK · Mar 8, 2023

Debt limit action needed by mid-August, analysts warn. Here are 5 possible scenarios

​WASHINGTON — ​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Tribune News Service · Mar 8, 2023

Mohamed A. El-Erian: Powell’s comments unleash unsettling volatility

It really shouldn’t be this way, and it doesn’t need to be. Yet once again remarks by Federal Reserve Chair Jerome Powell fueled considerable volatility in markets that could risk both economic well-being and financial stability. It’s a phenomenon that not only highlights repeated policy slippages but also the lack…

Tribune News Service · Mar 7, 2023

RBA governor Philip Lowe says interest rate 'pause closer' with 'open mind' based on data

The Reserve Bank governor says the board is considering a pause after 10 consecutive interest rate rises, possibly as early as April, but the timing will depend on incoming economic data.

ABC News · Mar 7, 2023

Debt limit action needed by mid-August, analysts warn

​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Tribune News Service · Mar 7, 2023