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Jerome Powell

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EXPLAINER: Mixed US inflation signs. Where are prices going?

Daily News Staff -
WASHINGTON ((DailyNews)) — Consumers struggling with skyrocketing prices for food, gas, autos and rent got a tantalizing hint of relief last month, when prices...
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US not yet in recession and 4 other takeaways from the Fed

Daily News Staff -
WASHINGTON ((DailyNews)) — Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the...
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US stocks jump after Fed rate hike; tech shares surge

Daily News Staff -
Technology companies led a broad rally for stocks on Wall Street Wednesday as investors welcomed another interest rate hike by the Federal Reserve as...
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Fed unleashes another big rate hike in bid to curb inflation

Daily News Staff -
WASHINGTON ((DailyNews)) — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight...
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EXPLAINER: Why US inflation is so high, and when it may ease

Daily News Staff -
WASHINGTON ((DailyNews)) — Inflation’s relentless surge didn’t merely persist in June. It accelerated.For the 12 months ending in June, the government’s consumer price index...
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Powell: ‘No guarantee’ Fed can tame inflation, spare jobs

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WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without hurting the job market.Speaking...
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Wall Street shakes off a midday stumble and ends higher

Daily News Staff -
NEW YORK ((DailyNews)) — Stocks shook off a midday slump and ended higher Thursday, keeping the market on track for its first weekly gain...
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Powell: Fed aims to avoid recession but says it’s possible

Daily News Staff -
WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast...
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Fed’s Powell facing rising criticism for inflation missteps

Daily News Staff -
WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to...
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Fed’s aggressive rate hikes raise likelihood of a recession

Daily News Staff -
WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high...
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