Page 13 - Jerome Powell

Powell says economy still needs Fed help, pushes back on inflation worries

WASHINGTON (Reuters) - Federal Reserve Chair Jerome Powell, pushing back on suggestions that loose monetary policy risked unleashing inflation and financial risks in what may be an emerging economic boom, said the central bank would keep its attention focused on getting Americans back to work as a vaccine-related recovery proceeds.

Gold eases as dollar recovers lost ground, investors gauge Powell testimony

(Reuters) - Gold edged lower in choppy trade on Tuesday as the dollar recovered ground lost in the immediate wake of comments from U.S. Federal Reserve Chairman Jerome Powell, who said the economic recovery was "uneven and far from complete."

Tech selloff hits Nasdaq, Jerome Powell comments limit declines

(Reuters) - The Nasdaq index fell in volatile trading on Tuesday as investors sold off mega-cap growth stocks on valuation concerns, although Federal Reserve Chairman Jerome Powell's comments on the economy helped ease some selling pressure.

Gold prices hold steady as dollar falters on Jerome Powell testimony

The dollar index surrendered early gains and was hovering near a six-week low,

Jerome Powell signals Fed to keep buying bonds even as outlook improves

The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved, he said

Powell says Fed will not commit to any decision on dividend restrictions

"We have not decided what to do there yet and we're actually looking into that right now," Powell said during a hearing before the Senate Banking Committee

Wall Street opens lower ahead of Fed Chairman Jerome Powell's speech

Wall Street's main indexes opened lower on Tuesday as investors sold off high-flying growth stocks on valuation concerns ahead of Federal Reserve Chairman Jerome Powell's testimony before Congress

Fed's Powell calls for broad national drive to full employment

The United States remains about 9 million jobs short of where it was a year ago

Wall St turns sharply lower after hitting record highs ahead of Fed talk

(Reuters) - Wall Street's main indexes turned negative in volatile trading on Wednesday after the S&P 500 and the Dow hit record highs at the open on hopes of faster economic growth.

Why dividing central bankers into hawks and doves misses the big picture

Reducing central bankers to caricatures risks missing the big picture. These days, policy makers have to be more nimble

'Not the time' to discuss any change to bond purchases, says Fed's Powell

With the US economy still far from its inflation and employment goals it is too early for the Federal Reserve to discuss changing its monthly bond purchases, Fed Chair Jerome Powell said

'Not the time' to discuss any change to bond purchases: Fed's Powell

Powell promised that would be the case with the current purchases as well.

Fed and Treasury urge Congress to approve more Covid-19 relief funds

In his most direct comments so far, Powell told the House Financial Services Committee on Wednesday that it''s "very important" for Congress to provide economic support

Covid-19 resurgence poses challenges to economic recovery: Fed chief Powell

US Federal Reserve Chairman Jerome Powell said that the continuing Covid-19 resurgence across the country could pose challenges to the economic recovery in the next few months

Fed policymakers may give new bond-buying guidance 'fairly soon'

Most participants said the committee should move toward issuing forward guidance that links the pace and makeup of purchases to certain economic outcomes

Mnuchin's Fed funding clawback will not 'hamstring' new administration

Mnuchin told Fed Chair Powell in a letter that the $455 bn allocated to Treasury under the CARES Act last spring should be available for Congress to reallocate

Economy still needs fiscal, monetary support: Federal Reserve's Powell

The Fed is committed to "using all of our tools to support the recovery for as long as it takes until the job is well and truly done," Powell said

Don't count too much on Covid-19 vaccine, warn Powell and Lagarde

On Monday, the pharmaceutical company Pfizer announced encouraging results from its vaccine trials, nudging stock markets toward new heights

World's central banks are now begging govts to power economic rebound

Without aggressive fiscal stimulus now, economies may develop deep scars that hobble growth over the longer term. That could then leave central banks unable to prepare for the next shock or recession

Amid US election uncertainty, the Fed is likely to lay low this week

The Federal Reserve is scheduled to release its latest policy statement after two days of debate in which policymakers lacked a critical piece of information: who will run the US for next four years