Page 8 - Jerome Powell

Fed's Jerome Powell vows to stop inflation from becoming 'entrenched'

He said the economy's fast-paced recovery from Covid was giving rise to persistent supply, demand imbalances

Powell says economy can withstand Fed tightening, Omicron surge

Powell told the Democratic-controlled panel that stabilizing prices was necessary to keep an economic expansion and employment growth underway.

Dollar slips ahead of Powell comments; Swiss franc at seven week high

The dollar slipped on Tuesday but was stuck within recent ranges as investors waited for U.S. Federal Reserve Chair Jerome Powell to speak at a congressional hearing later in the day

Fed chief vows to prevent higher inflation from becoming entrenched

US Federal Reserve Chair Jerome Powell said hat the central bank will use its tools to prevent higher inflation from becoming entrenched while supporting the economic recovery.

Asian stocks, dollar hunt for direction as investors look to Fed policy

Powell is seeking a second four-year term as head of the Fed, and his appearance before the committee will be followed by a hearing with vice chair nominee Lael Brainard on Thursday

US Fed signals 3 rate hikes on the cards in 2022 as inflation fight begins

The Federal Reserve said on Wednesday it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022.

Why the Federal Reserve feels now is time to tighten credit more quickly

The Fed's key rate, now pinned near zero, influences many consumer and business loans, including mortgages, credit cards and auto loans.

Inflation is the biggest test yet for independence of central banks

Today's inflation is due primarily to the disruption the pandemic has caused to key global supply chains

Top headlines: US Fed signals rate hikes, IMF speaks on crypto ban idea

Cryptocurrencies were proving to be a challenge for emerging markets and strong regulation was needed, IMF's Gita Gopinath said. More in today's top headlines

Jerome Powell says Fed policy must address range of plausible outcomes

Powell said the US recovery is stronger than those of other major economies, thanks in part to more robust fiscal support

Appropriate to consider wrapping up taper a few months sooner: US Fed chief

US Federal Reserve Chairman said that it is appropriate to consider wrapping up the central bank's taper of asset purchases "a few months sooner" amid inflation pressures

Fed's Jerome Powell weighs earlier end to bond tapering amid hot inflation

Powell said it's time to stop using the word "transitory" to describe inflation

Powell, Yellen head to Congress as inflation, variant risks rise

Fed Chair Jerome Powell and Treasury Secretary Janet Yellen are due to testify before the US Senate Banking Committee to discuss the economic recovery from Covid-19

Omicron Covid-19 variant poses downside risks to US economy: Fed Chief

The recent rise in Covid-19 cases and the emergence of the Omicron variant pose downside risks to US employment and economic activity, Powell said

Biden's wise Fed choice

By choosing continuity, Mr Biden accomplished several things at once

Dollar rests after surging on Powell's reappointment, kiwi weakens

The euro held just above a 16-month trough at $1.1238, having found a measure of support from stronger-than-expected European business survey

Steady leadership

Jerome Powell's second term will be more challenging

Gold dips below $1,800 as dollar, yields firm on rate hike bets

Spot gold was down 0.4% at $1,797.16 per ounce by 1022 GMT

Fed's Jerome Powell will aim to win a high-stakes bet in 2nd term

Federal Reserve Chair Jerome Powell gambled last year that his ultra-low rate policies would help revive an economy that had sunk deep into a pandemic-induced recession

Dollar jumps on Powell renomination, euro slips amid Covid concerns

The dollar set a 16-month high against the euro after Federal Reserve Chair Jerome Powell was nominated for a second term by President Biden