Tag: Jerome Powell
Removing Fed chair would be high-risk move
In the next few weeks, President Joe Biden will make a decision that will have far-reaching consequences for all Americans – Biden will decide...
Powell: Fed on track to slow aid for economy later this...
WASHINGTON (AP) – The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome...
Fed’s Powell: There’s no returning to pre-pandemic economy
WASHINGTON (AP) – Federal Reserve Chairman Jerome Powell said Tuesday that the United States economy has been permanently changed by the COVID pandemic and...
Powell says inflation, though elevated, will likely moderate
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated...
Fed’s Powell says high inflation temporary, will ‘abate’
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell said Tuesday that he expects recent price spikes will soon subside and reduce inflation to a...
Fed sees faster time frame for rate hikes as inflation rises
WASHINGTON (AP) – The Federal Reserve signaled Wednesday that it may act sooner than previously planned to start dialing back the low-interest rate policies...
Fed keeps key rate near zero, sees inflation as ‘transitory’
WASHINGTON (AP) – The Federal Reserve is keeping its ultra-low interest rate policies in place, a sign that it wants to see more evidence...
Fed’s Powell: U.S. nears full reopening to ‘different economy’
WASHINGTON (AP) – The United States economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve...
U.S. adds a strong 379,000 jobs in hopeful sign for economy
WASHINGTON (AP) – United States employers added a robust 379,000 jobs last month, the most since October and a sign that the economy is...
Fed keeps rate near zero but sees brighter economy in 2021
WASHINGTON (AP) – The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress – a step...
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