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Jerome Powell

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

WASHINGTON ((DailyNews)) — Consumers struggling with skyrocketing prices for food, gas, autos and rent got a tantalizing hint of relief last month, when prices...

US not yet in recession and 4 other takeaways from the Fed

WASHINGTON ((DailyNews)) — Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the...

US stocks jump after Fed rate hike; tech shares surge

Technology companies led a broad rally for stocks on Wall Street Wednesday as investors welcomed another interest rate hike by the Federal Reserve as...

Fed unleashes another big rate hike in bid to curb inflation

WASHINGTON ((DailyNews)) — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight...

EXPLAINER: Why US inflation is so high, and when it may ease

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...

Powell: ‘No guarantee’ Fed can tame inflation, spare jobs

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...

Wall Street shakes off a midday stumble and ends higher

NEW YORK ((DailyNews)) — Stocks shook off a midday slump and ended higher Thursday, keeping the market on track for its first weekly gain...

Powell: Fed aims to avoid recession but says it’s possible

WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast...

Fed’s Powell facing rising criticism for inflation missteps

WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to...

Fed’s aggressive rate hikes raise likelihood of a recession

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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