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The Latest Breaking News from Jerome Powell

Jerome Powell, Who Wildly Misjudged Inflation, Is Overwhelmingly Reconfirmed as Fed Chair

There is seldom any meaningful accountability for government incompetence.

Reason

What stagflation means and what Biden could do about it

High inflation tends to break out when economic growth is really roaring.

Axios

FTSE 100 slide as recession fears weigh on markets – as it happened

Rolling coverage of the latest economic and financial news, as European stocks drop after Wall Street’s worst day since 2020

The Guardian - UK

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Biden's burdens grow: Sagging global economy adds to US woes

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories

The Independent UK

Dogecoin Daily: Price Heads Lower, Why You 'Shouldn't Send Your Coins' To Elon Musk And More

Dogecoin (CRYPTO: DOGE) traded 3.2% lower at $0.086 over 24 hours leading up to early Wednesday morning. DOGE slipped into the red alongside other major coins as the global cryptocurrency market cap declined 3.5% to $1.27 trillion.

Benzinga

Asia stocks mixed after Wall St gain, Powell warns on rates

Asian stock markets are mixed after Wall Street rose and the Federal Reserve's chairman said it will raise interest rates further if needed to cool inflation

The Independent UK

Bitcoin, Ethereum, Dogecoin Gains Trail Stocks — Fed Chair Warns Of Pain Yet To Come In Fight Against Inflation

Bitcoin and other major digital coins were in the green at press time, as the global cryptocurrency market cap increased 2.7% to $1.3 trillion.

Benzinga

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Powell says Fed will ‘keep pushing’ until inflation comes down

Federal Reserve Chair Jerome Powell, in his most hawkish remarks to date, said the US central bank will raise interest rates until there is “clear and convincing” evidence that inflation is in retreat.

Tribune News Service

Powell: Fed to keep hiking rates until it controls inflation

Chair Jerome Powell underscored the Federal Reserve’s determination to keep raising interest rates until it has brought inflation under control — a high-stakes effort that carries the risk of causing an eventual recession

The Independent UK

Stocks roar back at end of nerve-racking week: Markets wrap

Stocks rallied at the end of a chaotic week in financial markets, with a little help from Federal Reserve Chair Jerome Powell’s reassurance that bigger rate hikes would be off the table for now even after the hot inflation readings of the past few days.

Tribune News Service

Crypto’s $270 billion meltdown gives way to an uneasy calm

Even by the white-knuckle standards of the cryptocurrency universe, it was a standout week.

Tribune News Service

Elon Musk ‘still committed’ to Twitter deal after putting it on hold – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Asian shares bounce back, shrugging off inflation concerns

Asian shares have bounced back after losses earlier in the week, shrugging off the latest data showing U.S. wholesale prices soared 11% in April from a year earlier

The Independent UK

Powell: 'Soft' economic landing may be out of Fed's control

Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second four-year term, for the first time Thursday acknowledged that high inflation and economic weakness overseas could thwart his efforts to avoid a recession

The Independent UK

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Axios

Black economists make up only 1.5% of Federal Reserve staff

The numbers highlight the Fed's struggles with diversity.

Tribune News Service

Senate confirms Powell to second term as Fed chairman

Jerome Powell sailed through the Senate on Thursday with strong bipartisan support for a second term as chairman of the Federal Reserve Board.

The Independent UK

Senate confirms Powell for second term as Fed fights inflation

The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades

The Independent UK

Senate confirms Powell for 2nd term as Fed fights inflation

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news in one place.

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Axios

Fed chair Jerome Powell confirmed to second term

He is tasked with leading the central bank as it tries to battle surging inflation and financial markets in tumult..

WEKU

Powell is confirmed to a 2nd term as Fed chair. Fighting inflation will be his focus

Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.

WEKU

Fed Chair Jerome Powell is confirmed for a 2nd term. Inflation will be his focus

Jerome Powell was confirmed to a second term as Federal Reserve chairman. The Senate vote comes as the central bank faces intense pressure to bring down inflation.

Roll Call

Senate confirms Powell to second term as Fed chairman - Roll Call

The Senate on Thursday confirmed Jerome Powell for a 2nd term as chairman of the Federal Reserve, the third Fed nominee confirmed this week.

Chicago Sun-Times

US inflation slows from 40-year high

Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday.

The Independent UK

US inflation might have dipped last month from 40-year high

After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases

Tribune News Service

Senate confirms Lisa Cook as the first Black woman on the Federal Reserve Board

WASHINGTON — The Senate voted Tuesday to confirm Lisa Cook as the first Black woman to join the Federal Reserve Board.

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