The US Senate on Thursday overwhelmingly confirmed Jerome Powell to a second term as chairman of the Federal Reserve. The final vote was 80-19. Under Powell's leadership, the Fed ended its pandemic stimulus program, began …
U.S. Federal Reserve Chairman Jerome Powell is set to testify Tuesday that the Omicron variant threatens America's economic recovery. Much remains unknown about Omicron. Yet if it prolongs the pandemic, it could keep prices …
U.S. President Joe Biden said Monday he will reappoint Federal Reserve Chair Jerome Powell as head of the U.S. central bank, opting for continuity in the government’s most powerful economic post as the specter of rising inflation looms in …
Federal Reserve Chairman Jerome Powell said Thursday that confidence in resuming economic activity will depend on global coronavirus vaccination efforts as world leaders move forward with efforts to dig out of the economic crisis caused by the …
U.S. Federal Reserve Chairman Jerome Powell doesn't think that the Great Depression is a suitable comparison to the U.S. economy during the coronavirus pandemic. "I don't think that the Great Depression is a good …
Oil prices climbed on Thursday following an unexpected drop in U.S. crude stocks, but gains were capped by a bleak outlook for the world’s No. 1 economy as the coronavirus pandemic crushes fuel demand, and concern over a potential second …
The U.S. Federal Reserve and global central banks moved aggressively to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to 0.25%. The Fed lowered the primary credit rate by …
The U.S. Federal Reserve cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there would be no further reductions unless the economy takes a turn for the …
U.S. Federal Reserve Chairman Jerome Powell said the central bank’s rate cut approved yesterday was part an ongoing move to adjust to economic conditions though no guarantee of future cuts. The Fed voted to reduce …
The U.S. Federal Reserve cut interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Policymakers led by Fed Chairman Jerome Powell voted 8-2 …
The U.S. Fed is poised to cut interest rates in hopes of shielding the 11-year economic expansion from growing global uncertainties. The Federal Open Market Committee, at the end of its two-day meeting this afternoon, is widely …
Federal Reserve Chairman Jerome Powell said the outlook for the U.S. economy has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on …
The U.S. national debt for the first time ever crossed the $22 trillion mark, Treasury Department data revealed, noting that the latest figure represents a jump of more than $30 billion from where the balance stood at the beginning of …
U.S. President Donald Trump said he has confidence in Treasury Secretary Steven Mnuchin and Fed Chairman Jerome Powell. Trump - answering reporters' questions at the White …
Chairman of the U.S. Federal Reserve Jerome Powell said that he is very happy about the current state of the American economy. "I’m very happy about the state of the economy now. There’s pretty …
U.S. President Donald Trump directly accused Federal Reserve Chairman Jerome Powell of endangering the U.S. economy by raising interest rates. "I'm just saying this: I'm very unhappy with …
U.S. President Donald Trump said that the Federal Reserve's policy is the biggest threat to his presidency. "My biggest threat is the Fed," the president said during an interview with FOX Business. …
In his first speech on the economy since taking over at the US Federal Reserve, Chairman Jerome Powell said Friday that growth is running at a solid pace and continued gradual rate hikes will be necessary, CNBC …
The US Federal Reserve raised rates yesterday in its first meeting under Chairman Jerome Powell. "The economic outlook has strengthened in recent months," the Fed said in a statement following its two-day …
The US Federal Reserve left its benchmark interest rate unchanged in a range of 1.25% to 1.5%, a relatively low level that the Fed said would help support continued job growth and stronger inflation. The Fed’s economic outlook …
