Inflation is beginning to abate meaningfully for American consumers. Gas is cheaper, eggs cost roughly half as much as they did in January and prices are no longer climbing as […]
Powell, Jerome H
Trending topics and news from the Powell, Jerome H category
Back to news homeFed Chair Sees ‘Long Way to Go’ on Inflation Fight
Jerome H. Powell, the chair of the Federal Reserve, told House lawmakers that the United States remains a “long way” away from low and stable inflation even 15 months into […]
Fed Pauses Interest Rate Increases but Suggests More Are Ahead
Federal Reserve officials left interest rates unchanged on Wednesday, skipping an increase after raising rates 10 times in a row since March 2022. Still, policymakers predicted that they might need […]
U.S. Economy’s Staying Power Poses Big Questions for the Fed
Employers are hiring rapidly. Home prices are rising nationally after months of decline. Consumer spending climbed more than expected in a recent data release.America’s economy is not experiencing the drastic […]
Wages Grow Steadily, Defying Fed’s Hopes as it Fights Inflation
Wage growth ticked up in April, good news for American workers but bad news for officials at the Federal Reserve, who have been hoping to see a steady moderation in […]
Powell Bets the Fed Can Slow Inflation Despite Recession Fears
The Federal Reserve’s push to slow the economy and bring inflation under control is often compared to an airplane descent, one that could end in a soft landing, a bumpy […]
Fed Raises Interest Rates But Hints at Future Pause
Federal Reserve officials raised interest rates by a quarter-point on Wednesday, the 10th straight increase in an aggressive campaign to tame rapid inflation. But they also opened the door to […]
Fed Expected to Raise Interest Rates: What to Know
Follow live updates as Federal Reserve officials release a rate decision.Federal Reserve officials are set to release an interest rate decision on Wednesday afternoon, and while investors widely expect policymakers […]
Fed Will Decide Next Rate Move After Bank Jitters
WASHINGTON — Federal Reserve officials are widely expected to lift borrowing costs by a quarter of a percentage point on Wednesday, the 10th consecutive rate increase since March 2022. But […]
Jamie Dimon Reprises 2008 Role as Rescuer of a Failing Bank
On March 10, just hours after Silicon Valley Bank collapsed, the hedge fund manager Bill Ackman hosted a dinner for about 20 people at his penthouse apartment in Manhattan.The dinner […]