Page 3 - Jerome Powell

US Fed signals 3 rate hikes on the cards in 2022 as inflation fight begins

The Federal Reserve said on Wednesday it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022.

Why the Federal Reserve feels now is time to tighten credit more quickly

The Fed's key rate, now pinned near zero, influences many consumer and business loans, including mortgages, credit cards and auto loans.

Inflation is the biggest test yet for independence of central banks

Today's inflation is due primarily to the disruption the pandemic has caused to key global supply chains

Top headlines: US Fed signals rate hikes, IMF speaks on crypto ban idea

Cryptocurrencies were proving to be a challenge for emerging markets and strong regulation was needed, IMF's Gita Gopinath said. More in today's top headlines

Jerome Powell says Fed policy must address range of plausible outcomes

Powell said the US recovery is stronger than those of other major economies, thanks in part to more robust fiscal support

Appropriate to consider wrapping up taper a few months sooner: US Fed chief

US Federal Reserve Chairman said that it is appropriate to consider wrapping up the central bank's taper of asset purchases "a few months sooner" amid inflation pressures

Fed's Jerome Powell weighs earlier end to bond tapering amid hot inflation

Powell said it's time to stop using the word "transitory" to describe inflation

Powell, Yellen head to Congress as inflation, variant risks rise

Fed Chair Jerome Powell and Treasury Secretary Janet Yellen are due to testify before the US Senate Banking Committee to discuss the economic recovery from Covid-19

Omicron Covid-19 variant poses downside risks to US economy: Fed Chief

The recent rise in Covid-19 cases and the emergence of the Omicron variant pose downside risks to US employment and economic activity, Powell said

Biden's wise Fed choice

By choosing continuity, Mr Biden accomplished several things at once

Dollar rests after surging on Powell's reappointment, kiwi weakens

The euro held just above a 16-month trough at $1.1238, having found a measure of support from stronger-than-expected European business survey

Steady leadership

Jerome Powell's second term will be more challenging

Gold dips below $1,800 as dollar, yields firm on rate hike bets

Spot gold was down 0.4% at $1,797.16 per ounce by 1022 GMT

Fed's Jerome Powell will aim to win a high-stakes bet in 2nd term

Federal Reserve Chair Jerome Powell gambled last year that his ultra-low rate policies would help revive an economy that had sunk deep into a pandemic-induced recession

Dollar jumps on Powell renomination, euro slips amid Covid concerns

The dollar set a 16-month high against the euro after Federal Reserve Chair Jerome Powell was nominated for a second term by President Biden

'Fed Reserve needs stability': Joe Biden backs Jerome Powell's leadership

Jerome Powell would be the right apolitical candidate to continue heading the US Federal Reserve, President Joe Biden said.

Nasdaq, S&P 500 end down after hitting record highs; Microsoft falls 1%

The Dow Jones Industrial Average ended slightly higher

Biden taps Powell for second terms as Fed chair; Brainard to be vice chair

Powell, 68, will need to be confirmed by the Senate, currently controlled by Biden's Democratic party but closely divided

Why Jerome Powell must go

On all of the defining issues of the moment, US Federal Reserve chair has shown that his instincts are out of step with what the country needs

Powell highlights US Fed's commitment to 'inclusive' recovery

The pandemic recession fell hardest on lower-income workers and widened racial gaps: Powell