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The time has come’ for the Fed to soon begin reducing interest rates: Powell

August 23, 2024

With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.

Fed Chair Powell says Fed is 'not likely' to hike rates further

December 14, 2023

A powerful rally across Wall Street sent the Dow Jones Industrial Average to a record on Wednesday after the Federal Reserve indicated that the cuts to interest rates investors crave so much may be coming next year.

Fed unveils 75-basis-point rate hike, Powell doesn't see US in recession

THURSDAY, JULY 28, 2022

US stocks rallied on Wednesday led by Nasdaq after the Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point and comments by Federal Reserve Chairman Jerome Powell reassured investors.

Powells fast-taper signal presages agile Fed on 2022 rates

TUESDAY, DECEMBER 07, 2021

Jerome Powells pivot toward a quicker withdrawal of stimulus paves the way for a more agile Federal Reserve in 2022, one thats willing to raise interest rates faster than expected if inflation lingers or hold back if the pandemic worsens.

Stocks sink as Powells tone boosts rate-hike bets

TUESDAY, NOVEMBER 30, 2021

Stocks slumped after Federal Reserve Chair Jerome Powell weighed an earlier end to bond tapering, with traders boosting their wagers on the pace of interest-rate hikes.

Powell says waves of covid cases have had fewer economic repercussions as uncertainty rises around delta variant

WEDNESDAY, JULY 28, 2021

Federal Reserve Chair Jerome Powell on Wednesday said that the delta variant of the coronavirus could have fewer implications for the economy, if it follows the pattern of past waves of covid surges.

Markets wrap: Stocks climb after Powells inflation reassurance

WEDNESDAY, JUNE 23, 2021

Stocks climbed after Federal Reserve Chair Jerome Powell reiterated his views that inflation pressures will be transitory even after a notable increase in recent months. The dollar fell.

Powell goes easy on surging yields while central bank peers fret

THURSDAY, FEBRUARY 25, 2021

The unprecedented $9 trillion rescue mission by central banks to haul the world economy from its coronavirus recession is being tested as rising bond yields and inflation bets threaten their ability to keep borrowing costs down.

Powell signals Fed to keep buying bonds even as outlook improves

WEDNESDAY, FEBRUARY 24, 2021

Federal Reserve Chairman Jerome Powell signaled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged U.S. economy even as he voiced expectations for a return to more normal, improved activity later this year.

Fed's Powell says solid expansion likely with virus surge posing risks

WEDNESDAY, NOVEMBER 18, 2020

Powell warns of severe, ongoing risks to the economy hours before Trump ends stimulus negotiations until after election

WEDNESDAY, OCTOBER 07, 2020

WASHINGTON - Federal Reserve Chair Jerome Powell warned Tuesday of ongoing risks to the economy and the consequences of insufficient support from policymakers, offering a sharp reminder that the economic recovery remains fragile, hours before President Donald Trump said he was calling off stimulus relief negotiations until after the November election.

Powell, Mnuchin credit stimulus with boosting recovery; calls for more aid go unanswered

WEDNESDAY, SEPTEMBER 23, 2020

WASHINGTON - Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin credit the Cares Act with helping to build economic recovery, yet their call on Congress to fill the remaining holes is not triggering action on Capitol Hill.

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