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The Latest Breaking News from Jerome Powell

Stocks Rebound From 2022 Lows As Market Digests Fed Chair Powell's Congressional Testimony

The SPDR S&P 500 ETF Trust (NYSE: SPY) bounced back from its recent weakness in a holiday-shortened trading week, with all major indexes trading higher.

Benzinga

Remote work could save firms $206 billion and ease pressure on the Fed

The rise of remote work could make the Federal Reserve’s task of taming inflation a bit easier, while saving employers more than $200 billion, according to new research.

Tribune News Service

Core inflation may have peaked, but still well-above Fed’s target

The high price of gasoline doesn’t really matter to the Federal Reserve’s fight against inflation.

Miami Herald

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Should we raise unemployment to fight inflation? No, we need to protect jobs no matter what

If economic history teaches us anything, it's that when times get tough, working men and women get targets painted on their back.

Los Angeles Times

Asian shares gain as investors shrug off downbeat data

Shares are higher in Asia despite data suggesting economies are slowing

The Independent UK

Why Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today

Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ:

Benzinga

Powell: Fed must convince public it can tame inflation

As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession

The Independent UK

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What Fed Chairman Powell sees for the housing market

The fate of the housing boom is on the minds of both homeowners and homebuyers these days. Will record home values lead to a crash reminiscent of the one that made the Great Recession so painful? Or will prices simply take a breather from their torrid pace of appreciation?

Tribune News Service

Jerome Powell Says The Fed Underestimated Inflation: Here's Where The Central Bank Went Wrong

The Federal Reserve has taken some heat for moving too slow to cool inflation. Fed Chair Jerome Powell looked back on what went wrong Thursday during the second day of a congressionally mandated semiannual report on monetary policy.

Benzinga

Powell thinks rate hikes alone will not slow down gas prices

Benzinga

Coffee And Crypto: The First Short Bitcoin ETF Has Arrived

The worldwide cryptocurrency market capitalization is at $912.7 billion Thursday, up from $893.8 billion on Wednesday morning. An ETF For Shorting Bitcoin: Bearish on Bitcoin? ProShares has you covered.

Benzinga

Recession fears and high inflation top this week’s big market events

Federal Reserve chair Jerome Powell has acknowledged that steep interest rate hikes could tip the US economy into recession.

The New Daily

'Putin's Price Hike?' Fed Chair Powell Doesn't Seem To Be Onboard With Joe Biden's Narrative

Joe Biden has often attributed hikes in the price of gas and food to Vladimir Putin's invasion of Ukraine, but Federal Reserve Chair Jerome Powell broke away from the U.S. President's narrative at his Congressional appearance.

Benzinga

Markets Fluctuate, Oil Falls again as Recession Warnings Build

Asian markets struggled Thursday to recover from the previous day's battering, while oil extended losses, after Federal Reserve boss Jerome Powell admitted the economy could tip into recession as the bank hikes interest rates to fight runaway inflation. Soaring prices and central banks' battle to rein them in have sent…

Asharq Al-Awsat

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The Independent UK

Asian stocks higher after Wall St declines on growth worries

Asian stock markets are mostly higher after the Federal Reserve chairman said the U.S. central bank wants to avoid causing a recession but one is possible as it raises interest rates to cool surging inflation

Benzinga

Bitcoin, Ethereum, Dogecoin Slip: Fed's Powell Stirs Recession Fears, But Is Crypto Selloff Showing 'Exhaustion?'

Bitcoin, Ethereum and major coins traded lower on Wednesday evening as the global cryptocurrency market cap slipped 2.1% to $887.6 billion at press time.

ABC News

ASX rises, Wall Street slips as Jerome Powell says US recession is a 'possibility'

The Australian share market edges higher, while Wall Street falls slightly after the US Federal Reserve chairman Jerome Powell tells a Senate committee that a “soft landing” for the US economy will be difficult.

Benzinga

3 Things You Need To Know Today

Happy Wednesday Zingernation! All major indices are in the red going into the open. But, Jerome Powell is testifying to the senate at 9:30 am ET, so things could quickly change. Yesterday was a great day for the overall market, with the S&P 500 finishing up more than 2%. Tesla…

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WEKU

Powell says recession 'a possibility' but not likely

Federal Reserve chairman Jerome Powell vowed to bring inflation back down to 2%. Some lawmakers worry the Fed's efforts to control inflation could tip the economy into recession.

Benzinga

Fed Chair Jerome Powell's Thoughts On Cryptocurrency: 'The Same Activity Should Have The Same Regulation'

Federal Reserve Chair Jerome Powell began his two days of testimony before the U.S. Congress on Wednesday. This meeting on Capitol Hill follows the 8.6% uptick in the consumer price index (CPI), which came out last month — this was the highest increase since December 1981.

Tribune News Service

Powell says soft landing ‘very challenging,’ recession possible

Federal Reserve Chair Jerome Powell gave his most explicit acknowledgment to date that steep rate hikes could tip the US economy into recession, saying one is possible and calling a soft landing “very challenging.”

Axios

Fed chair says recession a "possibility" amid inflation battle

"It is not our intended outcome at all," Powell told lawmakers on Wednesday.

The Guardian - US

Fed chief vows to keep raising rates until ‘compelling evidence’ of falling inflation

Senator Elizabeth Warren criticizes the Fed’s rate moves, expressing fear that rate hikes will ‘drive this economy off a cliff’

Benzinga

Jerome Powell Tells Congress The Fed Is 'Moving Expeditiously' To Fight Inflation

Federal Reserve Chair Jerome Powell rehashed the central bank's desire to cool down inflation on Wednesday as part of a congressionally mandated semiannual report on monetary policy.

The Independent UK

Powell: Fed will decide on rate hikes 'meeting by meeting'

Federal Reserve Chair Jerome Powell underscored the Fed’s determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank’s fight against surging prices could tip the economy into recession

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