WASHINGTON—Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed’s efforts so far to tame it. Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession. A worse-than-expected inflation report for…
LIVE: Federal Reserve Chair Jerome Powell Gives Briefing on Interest Rate Policy
The Federal Reserve is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and to signal a turn to interest rate increases next year as a guard against surging inflation. * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV…
LIVE at 2:30 PM ET: Federal Reserve Chair Jerome Powell Gives Briefing on Interest Rate Policy
The Federal Reserve is expected on Wednesday to announce that it is speeding up the end of its pandemic-era bond purchases and to signal a turn to interest rate increases next year as a guard against surging inflation. * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV…
Fed Chair Powell to Testify at Senate June 22, Barr Vote Set for June 8
Federal Reserve Chair Jerome Powell will give his twice-yearly report on monetary policy to the U.S. Senate on June 22, just a week after the central bank is expected to deliver another half-point interest rate hike as it seeks to bring inflation under control. The Senate Banking Committee also said it would hold a vote…
Judy Shelton: Fed Can Only ‘Kill the Economy’ With ‘Whatever It Takes’ Approach
Jerome Powell and the Federal Reserve have been on a crusade to navigate the U.S. economy to a soft landing rather than a hard crash as it struggles to fight 40-year high inflation while averting a recession. Can the central bank achieve this ostensibly difficult objective? If the central bank’s track record is anything to…
Biden Pledges to ‘Respect the Fed’, Give It ‘Space’ to Fight Inflation
U.S. President Joe Biden met with Federal Reserve Chair Jerome Powell on Tuesday to discuss inflation which he described as his “top priority”. Prior to the meeting, Biden said he promised to “respect the Fed’s independence” and give them “the space they need to do their job.” U.S. Treasury Secretary Janet Yellen also attended the…
Biden to Meet With Fed Chairman Jerome Powell About Inflation Crisis
May 31, 2022
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Business & EconomyeconomyFederal Reserve (Fed)high inflationinflationjerome powellJoe BidenUSUS News
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President Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as American households grapple with the effects of high inflation. The meeting, which will take place on May 31, comes weeks after Powell’s second term as Fed Chair was confirmed by the Senate. Biden will congratulate Powell on the Senate confirmation during…
Powell Sworn in to Second 4-Year Term as Fed Chief
Federal Reserve Chair Jerome Powell was formally sworn in on Monday to begin his second four-year term as head of the U.S. central bank as it aims to tame the highest inflation in four decades without tipping the economy into recession. Also sworn in on Monday were Lael Brainard as the Fed’s new vice chair,…
Fed to Raise Interest Rates Without ‘Hesitation’ Till Inflation Eases, Says Powell
May 18, 2022
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Business & Economyeconomic policieseconomyFed Meetshigh inflationinflationjerome powellU.S. interest rate hikesUSUS News
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Federal Reserve Chairman Jerome Powell said that the central bank is committed to combating elevated inflation by raising interest rates till it comes down, according to an interview he gave to The Wall Street Journal’s Future of Everything Festival. “We will go until we feel like we are at a place where we can say,…
Fed to Raise Interest Rates Without ‘Hesitation’ Until Inflation Eases, Says Powell
May 18, 2022
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Business & Economyeconomic policieseconomyFed Meetshigh inflationinflationjerome powellU.S. interest rate hikesUSUS News
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Federal Reserve Chairman Jerome Powell said that the central bank is committed to combating elevated inflation by raising interest rates until it comes down, according to an interview he gave to The Wall Street Journal’s Future of Everything Festival. “We will go until we feel like we are at a place where we can say,…
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