The Latest Breaking News from Jerome Powell

Can Congress buy in to digital dollar without legislation?

WASHINGTON — The White House’s exploration of a government-backed digital dollar is raising an implicit question that has received little attention: What role does Congress have in the decision?

Tribune News Service · Oct 19, 2022

Can Congress buy in to digital dollar without legislation? - Roll Call

The Fed says it needs congressional support to issue a digital currency, but it's unclear whether it has to be in the form of legislation.

Roll Call · Oct 18, 2022

Latest US inflation data raises questions about Fed’s interest rate hikes

Experts say raising rates ‘isn’t working’ and that the real culprits are corporate pricing, energy costs and supply chain

The Guardian - US · Oct 16, 2022

Paul Tudor Jones Correctly Predicted The 1987 Stock Market Crash: Here's What The Billionaire Hedge Fund Manager Says Is Coming Next

Billionaire hedge fund manager Paul Tudor Jones sees continued weakness ahead as the U.S. economy heads for recession. 

Benzinga · Oct 10, 2022

When your seatmate on the plane talks about the Fed, you know things aren't right

The woman next to me, who described herself as knowing "zero" about the economy, asked whether I thought the Federal Reserve would continue raising interest rates. I felt an acute sense of dread.

WEKU · Oct 9, 2022

Don’t be fooled: policymakers are quietly invoking austerity by other names

Framing monetary policy as a war effort has been part of the playbook for instituting austerity policies for over a century

The Guardian - US · Oct 8, 2022

US hiring likely slowed last month (which may be good news)

The piping-hot U.S. job market may be cooling off, if only slightly

The Independent UK · Oct 7, 2022

Friday's Jobs Number Could Move Markets: What You Need To Know

A potentially pivotal economic indicator is coming Friday via a monthly jobs report. Here's what you need to know ahead of the number.

Benzinga · Oct 6, 2022

Home prices decelerating by record amount, according to new report

Could housing prices finally be coming back down to earth? Year-over-year home-price growth decelerated at a record-setting pace in July 2022. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released September 27, reports that price growth dropped by 2.3% from June to July — from 18.1% to 15.8%.

Tribune News Service · Oct 6, 2022

'The Federal Reserve is doing a bad job': Economist Steve Hanke

Federal Reserve Chair Jerome Powell says he won't cause a deep recession but that "pain" is necessary to fight inflation. To curb the largest price increases in four decades, the US Federal Reserve has been raising interest rates this year. "The Fed is doing a bad job because they don't…

France 24 · Oct 6, 2022