Page 2 - Jerome Powell

Top Fed officials back March liftoff as consensus takes shape

The remarks on Friday by Governor Lael Brainard and New York Fed President John Williams, as well as Chicago Fed chief Charles Evans, showed officials eager to get tightening under way

Fed chief Powell to give policy update to Congress in early March

Powell will deliver his regular semiannual monetary policy update to the US House Financial Services Committee on March 2 and appear before the Senate Banking Committee on March 3

Fed board names Powell as 'chair pro tempore' while awaiting Senate vote

The US Federal Reserve Board has named Jerome Powell as "chair pro tempore", pending his confirmation by the Senate for a second term as Chair of the central bank

Fed nominees say inflation is 'grave threat' to US growth, vow to fight

Consumer prices rose 7% last near--more than twice the central bank's 2% goal--cheapening American wages and eating into household budgets.

Threat of 50 bps rate hike by Fed is new world for 21st century traders

While investors have dealt with a tightening Fed before, it's been a long time since they've had to confront one that's been anything less than transparent in its intentions

US dollar set for biggest weekly rise in seven months on rate bets

The dollar was in the limelight even as broader currency markets quietened somewhat after an eventful week in global markets punctuated by a hawkish Federal Reserve meeting

Dollar set for sparkling week as interest rate hike expectations surge

Federal Reserve chair Jerome Powell unleashed bets on five or more hikes this year after he left the door open to raising rates faster than in previous cycles

US yields rise, Asian shares, European futures tumble on inflation warning

SHANGHAI (Reuters) - Asian shares plunged to their lowest in nearly 15 months, short-term U.S. yields hit 23-month highs and the dollar strengthened on Thursday after the Federal Reserve's chairman signalled plans to steadily tighten policy.

Dollar resurgent as Jerome Powell gives Federal Reserve room to hike

The greenback hit a two-month top of $1.1220 per euro and held gains at 114.62 yen

Fed flags rate hike 'soon', plans for significant balance sheet reduction

Central bank signals likely to raise rates in March; stocks slide into negative territory after Powell remarks

European stocks up, losses in Asia ahead of Federal Reserve meeting

European stocks opened higher Tuesday after a day of steep losses in Asia as markets waited to hear from Federal Reserve chair Jerome Powell after a two-day policy meeting that ends Wednesday. The possibility of conflict between Russia and Ukraine and concern over coronavirus outbreaks also were adding to uncertainties. France's CAC 40 edged up 1.1% to 6,861.14 in early trading, while Germany's DAX added 0.6% to 15,100.95. Britain's FTSE 100 rose 0.5% to 7,334.99. The future of the Dow Jones Industrial Average was 1.1% lower, while the S&P 500 future fell 1.6%. On Monday, a late buying spree pushed the benchmark S&P 500 index to a 0.3% gain after pulling it out of so-called correction territory a drop of 10% or more from its recent high. The Fed meeting will provide an update on policymakers' latest thinking on the economy and interest rates. Some economists worry the Fed is moving too slowly in tamping down inflation by raising rates that have been kept low for nearly two ...

As the Federal Reserve's money printer quiets, markets shake

The shakiness hitting Wall Street isn't just because the Federal Reserve's money printer that's supporting markets is slowing, but that it may soon go into reverse.

Dollar swoons as Fed's Powell soothes policy fears; CPI test looms

The dollar slid to its weakest since November against major peers after Federal chief Jerome Powell said it may take several months to make a decision on balance sheet

Powell says US Fed could start to shrink balance sheet later this year

US Federal Reserve Chair, Jerome Powell has said that the central bank could start to shrink its balance sheet later this year.

Inflation poses a major threat to job market, says Fed's Jerome Powell

The consumer price index rose 6.8 per cent in the 12-month period ending in November, the fastest annual pace in almost 40 years, according to the US Labor Department

Fed's Jerome Powell vows to stop inflation from becoming 'entrenched'

He said the economy's fast-paced recovery from Covid was giving rise to persistent supply, demand imbalances

Powell says economy can withstand Fed tightening, Omicron surge

Powell told the Democratic-controlled panel that stabilizing prices was necessary to keep an economic expansion and employment growth underway.

Dollar slips ahead of Powell comments; Swiss franc at seven week high

The dollar slipped on Tuesday but was stuck within recent ranges as investors waited for U.S. Federal Reserve Chair Jerome Powell to speak at a congressional hearing later in the day

Fed chief vows to prevent higher inflation from becoming entrenched

US Federal Reserve Chair Jerome Powell said hat the central bank will use its tools to prevent higher inflation from becoming entrenched while supporting the economic recovery.

Asian stocks, dollar hunt for direction as investors look to Fed policy

Powell is seeking a second four-year term as head of the Fed, and his appearance before the committee will be followed by a hearing with vice chair nominee Lael Brainard on Thursday