Tag: Jerome Powell
A key inflation gauge tracked by the Fed slowed in February
WASHINGTON (AP) – The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price...
Fed raises key rate by quarter-point despite bank turmoil
WASHINGTON (AP) – The Federal Reserve extended its yearlong fight against high inflation Wednesday by raising its key interest rate a quarter-point despite concerns...
U.S. wholesale inflation fell last month on lower food costs
WASHINGTON (AP) – Wholesale price increases in the United States slowed sharply last month as food costs declined, a sign that inflationary pressures may...
Fed criticized for missing red flags before bank collapse
WASHINGTON (AP) – The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high...
U.S. inflation eases but stays high, putting Fed in tough spot
WASHINGTON (AP) – U.S. consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing...
U.S. adds a robust 311,000 jobs despite Fed’s rate hikes
WASHINGTON (AP) – America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but enough to keep pressure on the...
Powell signals increased rate hikes if economy stays strong
WASHINGTON (AP) – The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously...
Inflation pressures put Powell in spotlight before Congress
WASHINGTON (AP) – When Federal Reserve Chair Jerome Powell last appeared before Congress, in June 2022, inflation had reached a four-decade high of nearly...
U.S. inflation slows to 6.4%, but price pressures reemerge
WASHINGTON (AP) – The pace of consumer price increases eased again in January, the latest sign that the high inflation that has gripped Americans...
Applications for jobless aid rise last week, but remain low
More Americans filed for jobless benefits last week, but layoffs remain historically low despite attempts by the Federal Reserve to cool the economy, and...
