Page 9 - Jerome Powell

'Fed Reserve needs stability': Joe Biden backs Jerome Powell's leadership

Jerome Powell would be the right apolitical candidate to continue heading the US Federal Reserve, President Joe Biden said.

Nasdaq, S&P 500 end down after hitting record highs; Microsoft falls 1%

The Dow Jones Industrial Average ended slightly higher

Biden taps Powell for second terms as Fed chair; Brainard to be vice chair

Powell, 68, will need to be confirmed by the Senate, currently controlled by Biden's Democratic party but closely divided

Why Jerome Powell must go

On all of the defining issues of the moment, US Federal Reserve chair has shown that his instincts are out of step with what the country needs

Powell highlights US Fed's commitment to 'inclusive' recovery

The pandemic recession fell hardest on lower-income workers and widened racial gaps: Powell

Jerome Powell gambles on inflation easing as Fed waits for more jobs

Powell is doubling down on the US central bank's new policy framework

Fed rolls out bond-buying 'taper,' holds to 'transitory' inflation belief

Even in announcing a $15 bn monthly cut to its $120 bn in monthly purchases of Treasuries and mortgage-backed securities, the Fed did not signal when it may begin next phase of policy 'normalisation'

Markets Today: Will US Fed announce a tapering despite weak GDP numbers?

Will Fed chair Jerome Powell pull start reducing monetary supply even though GDP numbers for the September quarter were weak and inflation remains sticky?

TMS, Ep 34: Implication of net-zero goal, Prakash Mallya Q&A, and Fed taper

What will be the economic impact of India's emission-reduction commitments at COP26? What role will Intel play in India's 5G and EV goals? Will the US Fed announce a taper today? All answers here

Time for Fed to taper bond purchases but not to raise rates: Powell

The Fed has signaled it will likely begin next month to taper its $120 bn in monthly purchases of Treasury bonds and mortgage-backed securities

Janet Yellen, Jerome Powell to meet with Indian officials on economic ties

The meeting underscores the growing importance of the US-India relationship, and increasing economic and financial ties between the two countries

Federal Reserve policymakers hone in on November taper timeline

Earlier on Tuesday, Atlanta Fed President Rafael Bostic said last month's jobs report displayed sufficient progress and endorsed a November start

Yellen, Powell to meet with Indian officials this week on economic ties

It will take place on the sidelines of the annual meetings of the International Monetary Fund and World Bank in Washington

US President Joe Biden says he has 'confidence' in Jerome Powell

"Well, thus far yes, but I'm just catching up to some of these assertions," Biden said on a visit to Michigan when asked by a reporter about confidence in the Fed's integrity and in Powell

Did central banks gain too much clout in pandemic: An economist explains

Christina Parajon Skinner, an assistant professor at the Wharton School and former legal counsel at the Bank of England, probe the question.

Fed can't protect markets in case of default, says Jerome Powell

"The failure to do that is something that could result in severe damage to the economy and to financial markets and it's just not something we should contemplate," he said

Fed's Powell says taper could start in November, finish in mid-2022

US stocks pared gains, while yields on 10-year Treasuries pushed higher

Wall Street ends higher as Fed signals bond-buying taper soon

Dow Jones Industrial Average rose 341.11 points, or 1.01%, to 34,260.95, the S&P 500 gained 41.54 points, or 0.95%, to 4,395.73

Powell says Wells Fargo asset cap to stay in place until problems fixed

A Wells Fargo spokeswoman did not immediately respond to a request for comment

Fed signals bond-buying taper may start soon, split on 2022 hike

US stocks rose slightly, while yields on 10-year Treasuries maintained an earlier decline; the dollar remained lower after the decision