Tag: Jerome Powell
Fed unleashes another big rate hike but hints at a pullback
WASHINGTON (AP) – The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time to...
Job openings hit 10.7M despite Fed attempts to cool economy
WASHINGTON (AP) – U.S. job openings rose unexpectedly in September, suggesting that the American labor market is not cooling as fast as the inflation...
U.S. economy returned to growth last quarter, expanding 2.6%
WASHINGTON (AP) – The U.S. economy grew at a better-than-expected 2.6% annual rate from July through September, snapping two straight quarters of economic contraction...
Another month of solid U.S. hiring suggests more big Fed hikes
WASHINGTON (AP) – America's employers slowed their hiring in September but still added 263,000 jobs, a solid figure that will likely keep the Federal Reserve on...
Fed has power to push world into recession
The U.S. Federal Reserve holds inordinate sway over the world’s economies – yet it acts, in some ways, like they don’t really matter.
Its power...
U.S. economy drops at 0.6% annual rate from April through June
WASHINGTON (AP) — Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through...
Boston Fed’s Collins says ‘modest slowdown’ is possible
WASHINGTON (AP) – Susan Collins, the new president of the Federal Reserve Bank of Boston, said Monday that a higher unemployment rate will be...
Applications for jobless aid rise nationally
WASHINGTON (AP) – The number of Americans filing for jobless benefits rose slightly last week with the Federal Reserve pushing hard to cool the...
Fed attacks inflation with another big hike and expects more
WASHINGTON (AP) – Intensifying its fight against high inflation, the Federal Reserve raised its key interest rate Wednesday by a substantial three-quarters of a...
How much ‘pain’? Fed to signal more rate hikes ahead
WASHINGTON (AP) – Federal Reserve Chair Jerome Powell bluntly warned in a speech last month that the Fed's drive to curb inflation by aggressively...
