Jerome Powell - Page 27 of 27 - Providence Business News

Whiff of extinction blows in bull market that outlived them all

Economy 12/26/2018

NEW YORK – It’s been derided as a house of cards, a gift to the 1 percent, an experiment in monetary policy taken way...

THE FEDERAL RESERVE, led by Chairman Jerome Powell, raised the federal funds rate target to a range of 2.25 percent to 2.5 percent, the central bank's fourth hike this year. But Powell and company signaled that they expect two rate hikes in 2019, as opposed to the three that were forecast previously. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed raises rates, trims forecast for hikes in 2019 to two

Economy 12/19/2018

WASHINGTON – The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald...

FEDS SOFTEN: The S&P 500 Index gained 2.3 percent as of 4 p.m. New York time, the biggest three-day gain since June after a dovish tone from the Federal Reserve chairman fueled speculation the central bank is closer than thought to pausing on rate hikes. The Nasdaq 100 rose 3.2 percent and the Dow added 2.5 percent Wednesday. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Stocks surge, dollar sinks on dovish Powell signal

Economic Activity 11/28/2018

NEW YORK - United States stocks rallied the most in eight months, the dollar fell and emerging-market assets surged after a dovish tone from...

THE FEDERAL RESERVE left interest rates unchanged Thursday in a unanimous vote and stayed on course to hike in December as strong economic growth, higher tariffs and rising wages look set to spur inflation. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed stands pat on interest rates ahead of expected Dec. hike

Financial Services 11/08/2018

NEW YORK - The Federal Reserve left interest rates unchanged and stayed on course to hike in December as strong economic growth, higher tariffs...

U.S. JOBLESS CLAIMS increased by 3,000 to 229,000 for the week ended March 17. / BLOOMBERG FILE PHOTO/PATRICK T. FALLON

U.S. jobless claims inch up while benefit rolls lowest since ’73

Economic Activity 03/22/2018

NEW YORK - U.S. filings for unemployment insurance crept higher while the number of Americans on benefit rolls fell to the lowest level since...

U.S. unemployment headed below 3% unless Fed acts to slow growth

Economy 03/14/2018

WASHINGTON – U.S. unemployment is primed to fall significantly further and could drop below 3 percent for the first time since 1953, the year...

CONSTRUCTION EMPLOYMENT ROSE BY 61,000 jobs year over year, including work such as is happening here, where workers finish construction on the gaming floor of the Resorts World Catskills casino, hotel and entertainment complex, operated by Empire Resorts Inc. in Monticello, N.Y., in January. / BLOOMBERG NEWS FILE PHOTO/VICTOR J. BLUE

U.S. added 313,000 jobs in February; wage gains slow to 2.6%

Economy 03/09/2018

WASHINGTON – U.S. employers added the most workers since mid-2016 as labor-force participation swelled, while below-forecast wages and a downward revision to January’s figure suggest...

U.S. PRESIDENT DONALD TRUMP left, and Jerome Powell, governor of the U.S. Federal Reserve and Trump's nominee as chairman of the Federal Reserve, walk out to a nomination announcement in the Rose Garden of the White House in Washington, D.C., U.S., on Thursday, Nov. 2, 2017. If approved by the Senate, the 64-year-old former Carlyle Group LP managing director and ex-Treasury undersecretary would succeed Fed Chair Janet Yellen. / BLOOMBERG FILE PHOTO/ANDREW HARRER

Trump says he’ll nominate Jerome Powell to lead Federal Reserve

Economic Activity 11/02/2017

NEW YORK - President Donald Trump said Thursday he would nominate Jerome Powell to be the next Federal Reserve chairman, saying he had won the respect...