The Latest Breaking News from Jerome Powell

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 · Jan 27, 2022

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 · Jan 27, 2022

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 Independent UK · Jan 27, 2022

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

The Independent UK · Jan 24, 2022