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The Latest Breaking News from Jerome Powell

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

Fed chair Powell faces a fraught moment

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

Axios

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

The Guardian - UK

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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.

Axios

How Did the Fed Not Anticipate the Inflation Surge?

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

Reason

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…

The Independent UK

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.

Tribune News Service

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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.

Roll Call

The key to understanding Fed policy: The Powell Ratchet

The central bank will keep pushing rates higher as conditions allow

Axios

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.

Roll Call

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

The Independent UK

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"…

France 24

Markets tumble as US Fed signals end of pandemic-era cheap cash

Equity markets tanked Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by US Federal Reserve boss Jerome Powell, who signalled the bank would begin lifting interest rates in March.

Bangkok Post

Markets rebound as US economy records fastest growth since 1984 – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

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The Independent UK

Asian stocks slump after Fed says US rates will rise 'soon'

Asian stock markets have tumbled by unusually wide margins after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation

The Guardian - US

US Federal Reserve indicates increase in interest rates as inflation rises

Fed chair Jerome Powell said the central bank would make a decision on the rate raise in its March meeting

Al Jazeera

Prepare for liftoff: Fed signals March interest rate hike

The US Federal Reserve left interest rates unchanged, but Powell said the Fed is ‘of a mind’ to raise them in March.

Axios

Federal Reserve signals rate increases imminent

The central bank's policy statement made clear tighter money is on the way

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The Guardian - UK

Federal Reserve leaves interest rates on hold, but March rise looks likely – as it happened

Rolling coverage of the latest economic and financial news

The Independent UK

Fed to signal rate hike as it launches risky inflation fight

With inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years

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