The Latest Breaking News from Jerome Powell

Who's Really To Blame for Inflation?

No matter how you slice it, no one person or policy is solely to blame for surging inflation.

Reason · Apr 20, 2022

Will Fighting Inflation in America Cause a Debt Crisis Abroad?

How the Fed Shapes the Global Economy

Foreign Affairs · Apr 8, 2022

Thiel blasts Dimon, Buffett and Fink as ‘finance gerontocracy’ at Bitcoin 2022

Billionaire entrepreneur Peter Thiel called Warren Buffett, Jamie Dimon and Larry Fink members of a “finance gerontocracy” opposed to a “revolutionary youth movement” that embraces Bitcoin.

Tribune News Service · Apr 7, 2022

Fed's rate hikes threaten its goal of narrowing racial gaps

America’s hiring boom of the past year has narrowed racial disparities in unemployment

The Independent UK · Mar 31, 2022

US growth in Q4 revised lower to 6.9%, slower growth to come

The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates

The Independent UK · Mar 30, 2022

Markets Have Another Strong Week As S&P 500 Erases Initial Losses From Russia-Ukraine War

U.S. indices finished mixed Friday to conclude the trading week. Oil prices gained during Friday's session, which has continued to pressure economic sentiment. The S&P 500 traded higher for the second week in a row and has now more than erased its initial losses following the Russian invasion of Ukraine.

Benzinga · Mar 25, 2022

Sell Stocks And Raise Cash: Can The Market Overcome Putin And Powell?

After two consecutive weeks of gains, the SPDR S&P 500 ETF Trust (NYSE: SPY) has now erased its initial losses following the Russian invasion of Ukraine.

Benzinga · Mar 25, 2022

Economist Now Calling For Back-To-Back 0.5% Fed Interest Rate Hikes

The U.S. Federal Reserve raised its target Fed funds rate by 0.25% earlier this month, its first interest rate hike since 2018. The Fed's updated dot plot projections are calling for six more 0.25% rate hikes in 2022, but the latest comments from Fed Chair Jerome Powell suggest the Fed…

Benzinga · Mar 25, 2022

Powell: Digital currencies will require new regulations

Federal Reserve Chair Jerome Powell said Wednesday that new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers

The Independent UK · Mar 23, 2022

City comment: Bank of England should take a leaf out of the Fed’s book on inflation

In 1979, with inflation at 11% and rising, newly appointed Federal Reserve chairman Paul Volcker called a surprise Saturday press conference in October to announce he was shaking up the central bank’s plans to get a handle on rising prices.

Evening Standard · Mar 23, 2022