Tag: Jerome Powell
Fed attacks inflation with its largest rate hike since 1994
WASHINGTON (AP) – The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of...
U.S. consumer confidence slips in May
SILVER SPRING, Md. (AP) – U.S. consumer confidence edged lower for the second consecutive month as Americans' view of their present and future prospects...
Key inflation gauge slowed to still-high 6.3% over past year
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in...
Senate confirms Powell for 2nd term as Fed fights inflation
WASHINGTON (AP) – The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chairman, giving bipartisan backing to Powell's...
How concerned are you that ongoing stock market volatility punctuated by...
After several down sessions the Dow Jones industrial average closed up 932 points, or 2.8%, on May 4. The S&P 500 jumped 3% and...
Fed raises key rate by a half-point in bid to tame...
WASHINGTON (AP) – The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark short-term interest rate by...
U.S. economy shrank by 1.4% in Q1 but consumers kept spending
WASHINGTON (AP) – The U.S. economy shrank last quarter for the first time since the pandemic recession struck two years ago, contracting at a...
Why Fed worries about the strongest U.S. job market in decades
Chair Jerome Powell isn't as pleased with the robust U.S. job market as you might think he'd be, and he and the Federal Reserve...
Fed begins inflation fight with key rate hike, more to come
WASHINGTON (AP) — The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term...
U.S. job openings at near record, adding to price pressures
WASHINGTON (AP) – U.S. businesses posted a near-record level of open jobs in January, a trend that has helped push up worker's pay and...
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