The Latest Breaking News from Jerome Powell

As Fed Chairman Jerome Powell cautions against higher-than-expected interest rates to curb inflation, markets fear this could tip the economy into a recession. Historically, value stocks have outperformed growth stocks in a high-interest-rate environment. Therefore, it could be wise for investors to buy fundamentally strong stocks ARC Document Solutions (ARC),…

With the Fed extremely likely to raise the benchmark interest rates higher than envisaged by policymakers, the economy and the stock market are expected to remain under pressure. Amid the uncertainty, it could be wise to invest in high-quality stocks Visa (V), Novo Nordisk A/S (NVO), and Autodesk (ADSK) for…

Asian stock markets are mixed after Wall Street steadied following a plunge on worries about more U.S. interest rate hikes

Asian stocks tumbled on Wednesday as regional currencies weakened following comments overnight by Federal Reserve chair Jerome Powell that raise the possibility the US central bank would resume large-scale interest rate hikes to tame sticky inflation.

President Joe Biden issued an executive order last year calling for more urgency and research on CBDCs.

Federal Reserve Chair Jerome Powell stressed that policymakers had not yet made up their minds on the size of their interest-rate increase later this month and said it would hinge on incoming data on jobs and inflation.

Federal Reserve Chair Jerome Powell softened his tone slightly during a second day of congressional testimony, saying policymakers will wait for fresh jobs and inflation data before deciding how much to raise interest rates later this month.

Fed's Jerome Powell hinted in February that inflation hikes would slow because disinflation was underway. But on Tuesday, he seemed to backtrack.

Federal Reserve Chairman Jerome Powell stressed Wednesday that the central bank’s policymakers have yet to decide how large an interest rate hike to impose at its next meeting in two weeks in its drive to defeat high inflation

The Federal Reserve chairman has admitted that at least 2 million people could lose their jobs if interest rates keep rising

Can a divided Congress manage to pass legislation?