Tag: Jerome Powell
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...
U.S. wage growth slowed in the final quarter of 2022
WASHINGTON (AP) – Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022,...
U.S. inflation and consumer spending cooled in December
WASHINGTON (AP) – The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell — the latest evidence that the Fed's...
U.S. hiring stays brisk as employers add 223,000 jobs
WASHINGTON (AP) – America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the...
Fed raises key rate by half-point and signals more to come
WASHINGTON (AP) – The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and...
U.S. inflation slowed sharply to 7.1% over past 12 months
WASHINGTON (AP) – Inflation in the United States slowed again last month in the latest sign that price increases are gradually cooling despite the...
Wholesale inflation in U.S. further slowed in November to 7.4%
WASHINGTON (AP) – Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful...
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