Stories tagged: powell
Mon., Dec. 9, 2019
The Federal Reserve is expected to send a clear message when its latest policy meeting ends Wednesday: Interest rates will likely stay ultra-low for the foreseeable future.
Wed., Oct. 9, 2019
On Wednesday, Fed Chairman Jerome Powell instead said that low inflation can create problems for the U.S. economy, calling it one of the “longer-term challenges” facing the United States.
UPDATED: Mon., Sept. 16, 2019
For a second straight time, the Federal Reserve is set to cut interest rates this week to try to protect the economy from the consequences of a global slowdown and …
UPDATED: Tue., July 16, 2019
Fed Chairman Powell says 2008 financial crisis accelerated major changes in U.S. and global economies.
UPDATED: Tue., July 9, 2019
Powell called the tests, which determine whether a bank could survive a severe economic downturn, one of the “most successful supervisory innovations” achieved in the aftermath of the 2008 financial …
Fri., July 5, 2019
The Federal Reserve on Friday repeated its pledge to “act as appropriate” to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials …
Tue., June 25, 2019
Federal Reserve Chairman Jerome Powell said Tuesday the outlook for the U.S. economy has become cloudier since early May, with rising uncertainties over trade and global growth causing the central …
UPDATED: Wed., March 20, 2019
The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United …
UPDATED: Wed., Jan. 30, 2019
The Federal Reserve is keeping its key interest rate unchanged and signaling that it could leave rates alone in coming months given global economic pressures and mild inflation. The Fed …
UPDATED: Fri., Jan. 4, 2019
Global stocks soared Friday and reversed the big losses they suffered just a day earlier. The Dow Jones Industrial Average rallied 746 points in the latest twist in a wild …
Mon., Dec. 24, 2018
President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell’s job as …
UPDATED: Wed., Dec. 19, 2018
The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy’s continued strength but signaling that it expects to slow increases …
UPDATED: Wed., Dec. 5, 2018
The Federal Reserve said Wednesday that the U.S. economy was growing in the fall, but there were concerns about higher tariffs from a widening trade war, rising interest rates and …
UPDATED: Wed., Nov. 28, 2018
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes …
Tue., Oct. 2, 2018
Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank’s current gradual approach to raising interest rates.
Mon., Aug. 20, 2018
President Donald Trump on Monday criticized Federal Reserve Chairman Jerome Powell for raising interest rates, breaking with recent presidents’ practice of not commenting on the Fed’s handling of the economy.
UPDATED: Wed., March 21, 2018
The Federal Reserve is raising its benchmark interest rate and signaling that it is sticking with a gradual approach to rate hikes under its new chairman, Jerome Powell.
UPDATED: Mon., March 19, 2018
The Federal Reserve’s first meeting under Jerome Powell’s leadership will likely end Wednesday with an announcement that the Fed will resume its modest interest rate hikes.
Thu., March 1, 2018
Federal Reserve Chairman Jerome Powell had a smooth public debut in his new job as head of the nation’s central bank. But investors want to know whether he is really …
Tue., Feb. 27, 2018
Treasury yields rose Tuesday, and the Standard & Poor’s 500 index slid to its first loss in four days after the head of the Federal Reserve said that he’s feeling …
UPDATED: Tue., Feb. 27, 2018
New Federal Reserve Chairman Jerome Powell delivered a message Tuesday that wasn’t quite what Wall Street had expected: The U.S. economy is doing well, maybe even better than he thought …
UPDATED: Mon., Feb. 26, 2018
Stocks jumped on Monday, with gains again accelerating in the last hour of trading, as markets around the world continue to claw back from a sharp tumble earlier this month.
UPDATED: Mon., Feb. 5, 2018
Jerome Powell was sworn in Monday as the 16th chairman of the Federal Reserve on what turned out to be a turbulent day for Wall Street, with the Dow Jones …
UPDATED: Wed., Jan. 17, 2018
The Senate Banking Committee has voted for a second time to approve President Donald Trump’s nomination of Jerome Powell to be the next chairman of the Federal Reserve.
Mon., Oct. 30, 2017
Jerome “Jay” Powell, a member of the Federal Reserve’s board, is President Donald Trump’s leading candidate to replace Janet Yellen as the head of the nation’s central bank, with an …
Thu., May 17, 2012
Like a lot of enterprising business travelers, Kira Powell managed to sneak in a round of golf while on the road this week.