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The Latest Breaking News from Jerome Powell

Powell says US economy to flourish, but data leave room for debate

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.

Tribune News Service

US central bank raises interest rates, warns of impact from Ukraine war

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…

France 24

Powell and 3 other nominees to Fed posts clear Senate panel

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

The Independent UK

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Senate Banking advances Powell, two other Fed nominees after Raskin withdrawal - Roll Call

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

Roll Call

US Fed hikes rates, signals aggressive stance to fight inflation

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

Al Jazeera

US Federal Reserve raises interest rates for first time since 2018

Fed raises rates by a quarter percentage point from near zero as central bank struggles with inflation, the war in Ukraine and Covid

The Guardian - US

Fed To Throw Its Pandemic Emergency Measures Into Reverse: Reuters

Reuters revisits March 15, 2020, when the U.S. Federal Reserve, in the words of its boss Jerome Powell, "crossed a lot of red lines that had not been crossed before."

Benzinga

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Why Beaten-Down Snap Stock Could Be Poised For A Reversal

Snap, Inc (NYSE: SNAP) was trading down more than 5% on Thursday compared to the S&P 500, which was trading near flat after a morning dip caused by Federal Reserve chairman Jerome Powell’s testimony in front of the Senate banking committee, where he said the central bank will go ahead with

Benzinga

Russian Invasion Creates 'Upward Pressure On Inflation,' Powell Says

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher on Thursday after Federal Reserve Chair Jerome Powell testified in front of Congress for the second straight day.

Benzinga

Powell Testimony Sends Stocks Higher: What Investors Need To Know

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded sharply higher on Wednesday after Federal Reserve chair Jerome Powell testified in front of Congress.

Benzinga

US Lawmakers Look To Tighten Grip On Crypto To Ensure Sanctions On Russia Are Effective

U.S. federal regulators are looking to tighten the regulation on cryptocurrencies to prevent them from acting as a tool for Russia to circumvent sanctions.

Benzinga

Powell backs quarter-point March rate hike, open to doing more

Federal Reserve Chair Jerome Powell backed a quarter-point interest-rate hike this month to commence a series of increases and didn’t rule out a larger move at some stage, despite uncertainty caused by Russia’s invasion of Ukraine.

Tribune News Service

White House unveils new Covid strategy including ‘test to treat’ plan – as it happened

White House Covid team unveils plan for next phase of pandemic including model where people who test positive can easily get treatment

The Guardian - US

Powell tells Congress that Fed will raise rates this month

Federal Reserve Chair Jerome Powell is sending his clearest signal to date that the Fed will begin raising rates this month in a high-stakes effort to restrain surging inflation

The Independent UK

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Axios

Fed chair Powell faces a fraught moment

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

The Guardian - UK

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

Axios

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.

Reason

How Did the Fed Not Anticipate the Inflation Surge?

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

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The Independent UK

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…

Tribune News Service

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.

Roll Call

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.

Axios

The key to understanding Fed policy: The Powell Ratchet

The central bank will keep pushing rates higher as conditions allow

Roll Call

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.

The Independent UK

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

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"…

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