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. — 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 Chairman Jerome Powell said Tuesday that the U.S. economy has been permanently changed by the COVID pandemic and it is important that the central bank adapt to those changes. “We’re […]
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. — The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony delivered Tuesday at a congressional oversight hearing. Still, Powell reiterated […]
WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. “The […]
© 2021 — North State Media LLC