Late. Elizabeth Warren (D-Mass.) on Sunday said Jerome Powell should no longer chair the Federal Reserve following the collapse of two US banks under his watch earlier this month. Warren, who has…
Tag: Jerome Powell
The bank panic has investors worried. Will the Fed about to make things worse?
The lightning collapse of three banks and the financial industry rescue of a fourth has put a spotlight on the Federal Reserve’s decision next week on whether to continue raising interest rates….
Fed chair startles Wall Street by indicating higher interest rates are coming
Fed chair starts Wall Street by indicating higher interest rates are coming – CBS News Watch CBS News Federal Reserve Chairman Jerome Powell testified to the Senate Banking Committee Tuesday that interest…
US consumers undeterred by inflation, new numbers show
US consumers undeterred by inflation, new numbers show – CBS News Watch CBS News Although U.S. inflation continues to remain high, it’s not stopping Americans from spending on everything from everyday essentials…
Stock market steady following release of Fed minutes
Stock market steady following release of Fed minutes – CBS News Watch CBS News The stock market stayed relatively flat Wednesday following the release of the Federal Reserve’s minutes prior to its…
Democrats and Republicans clash on debt ceiling ahead of State of the Union address
Democrats and Republicans clash on debt ceiling ahead of State of the Union address – CBS News Watch CBS News Prominent Democrats and Republicans on both sides of the aisle are clashing…
Asia-Pacific markets trade mixed as investors digest Fed’s smaller quarter-point hike
South Korea’s consumer price index rose 5.2% in January South Korea’s consumer price index rose by 5.2% in January on an annualized basis, data from Statistics Korea showed. The latest print shows…
Fed Chair Powell ‘going to stay on message,’ strategist says – Yahoo Finance
Fed Chair Powell ‘going to stay on message,’ strategist saysYahoo Finance
How the Fed managed to spark a stock rally while still talking tough
Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes in the unrelenting battle against inflation, but he also let slip a few comments dovish enough to send the stock market…
The Federal Reserve raises interest rates 0.25 percentage points
The Federal Reserve is raising its benchmark interest rate a quarter of a percentage point, officials with the central bank said on Wednesday, its eighth consecutive hike as policy makers try to…