NEW YORK — One of the more reliable warning signals for an economic recession is shining alarmingly brighter. The “yield curve” is watched for clues on how the bond market feels about the long-term outlook […]
WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell, fresh off winning Senate confirmation for a second term, acknowledged for the first time that high inflation and economic weakness overseas could thwart his efforts to avoid […]
WASHINGTON, D.C. — The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said Thursday, signaling that sharp interest rate increases are likely in the […]
WASHINGTON, D.C. — President Joe Biden announced Monday that he’s nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell’s stewardship of the economy through a brutal pandemic recession and the […]
WASHINGTON, D.C. — Two Democratic senators said Friday that they oppose the nomination of Jerome Powell to a second term as chair of the Federal Reserve, saying Powell has been insufficiently committed to fighting climate […]
WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell expressed concern Monday that the pandemic recession has had an unusually harmful economic effect on women, who have been forced to shoulder additional responsibilities for childcare, forcing […]
WASHINGTON, D.C. — The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve, Chair Jerome Powell said Friday, signaling the beginning of the end of the […]
WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At the same time, Powell signaled […]
WASHINGTON, D.C. — With inflation rising in a fast-rebounding economy, the Federal Reserve is poised this week to discuss when it will take its first steps toward dialing back its ultra-low interest rate policies. It […]
WASHINGTON, D.C. — Hiring is accelerating as Americans increasingly venture out to shop, eat at restaurants and travel, and inflation pressures are even picking up after lying dormant for years. Yet this week, the Federal […]
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