The Latest Breaking News from Jerome Powell

Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks

Washington (AFP) - US central bankers face an unenviable task when they gather in Washington next week: tackling persistent inflation without adding to financial sector turmoil after Silicon Valley Bank's rapid collapse.

Last week, after hawkish testimony from Federal Reserve Chair Jerome Powell, markets penciled in a half-point increase in interest rates following the central bank’s next policy meeting. On Friday, the run on Silicon Valley Bank and subsequent fears of a wider crisis changed many investors’ minds. Some bet that the…

The run on Silicon Valley Bank (SVB) -- on which nearly half of all venture-backed tech start-ups in the United States depend -- is in part a rerun of a familiar story, but it's more than that. Once again, economic policy and financial regulation have proven inadequate.

FedNow’s ability to give customers of traditional banks instant payments detracts from one of the main draws of a central bank digital currency.

The Massachusetts Democrat blames a 2018 law that Donald Trump signed weakening financial regulations

Senator Elizabeth Warren blasted Federal Reserve Chair Jerome Powell for “an astonishing list of failures” that contributed to the collapse of Silicon Valley Bank and Signature Bank in a letter to the Fed chief Wednesday.

The ECB is 'monitoring current market tensions closely and stands ready to respond as necessary to preserve price stability and financial stability.'

US rate hikes only ever have a gradual impact on households, while in Australia the effect on the household sector is dramatic and immediate.