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CATEGORY

Jerome Powell

AP Top News

Wall Street rallies in relief after Fed’s assurance on rates

Daily News Staff -
NEW YORK ((DailyNews)) — Wall Street rallied Wednesday following the Federal Reserve’s sharpest hike to interest rates since 1994, and its later assurance that...
AP Top News

Treasury Secretary Yellen expects inflation to ‘remain high’

Daily News Staff -
WASHINGTON ((DailyNews)) — Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than...
Consumer confidence

US consumer confidence slips in May amid stubborn inflation

Daily News Staff -
SILVER SPRING, Md. ((DailyNews)) — U.S. consumer confidence edged lower in May as Americans’ view of their present and future prospects dimmed in the...
Government and politics

Powell: Fed to keep hiking rates until it controls inflation

Daily News Staff -
WASHINGTON ((DailyNews)) — Chair Jerome Powell on Tuesday underscored the Federal Reserve’s determination to keep raising interest rates until there is clear evidence inflation...
Economy

Powell: ‘Soft’ economic landing may be out of Fed’s control

Daily News Staff -
WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term earlier in the day, acknowledged for...
AP Top News

Senate confirms Powell for 2nd term as Fed fights inflation

Daily News Staff -
WASHINGTON ((DailyNews)) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s...
Business

Markets cheer after Powell downplays even larger rate hikes

Daily News Staff -
NEW YORK ((DailyNews)) — The Dow Jones Industrial Average surged more than 900 points and the S&P 500 had its biggest gain in two...
AP Top News

Fed raises key rate by a half-point in bid to tame inflation

Daily News Staff -
WASHINGTON ((DailyNews)) — The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a...
Business

Powell reinforces expectations of sharp rate hike next month

Daily News Staff -
WASHINGTON ((DailyNews)) — The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said...
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