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Fed Chair Jay Powell: U.S. may be in a different era for workers’ wages despite economic gains
Federal Reserve chairman Jay Powell discusses the state of the economy, bigger changes in the job market and why wages haven’t caught up with other economic trends in a conversation with Judy Woodruff. At the Atlantic Ideas Festival, Powell also…
WATCH: Powell says Fed is focused on ‘controlling the controllable,’ not politics
The Federal Reserve chair's comments came as part of a conversation with PBS NewsHour anchor and managing editor Judy Woodruff during The Atlantic Festival in Washington, D.C.
Central bank chiefs of 4 major nations raise trade concerns
The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth.
Federal Reserve raises key interest rate, says it expects 2 more hikes this year
These steps show confidence that the economy remains sturdy nearly nine years after the Great Recession ended, officials said.
Federal Reserve officials at their January meeting believed that a brightening global economic picture and the effects of recently passed tax cuts had raised the prospect for solid growth and continued interest rate increases.
Powell will succeed Janet Yellen, the first woman to lead the Fed, when her term ends Feb. 3.
Jerome Powell's confirmation hearing is scheduled to begin at 9:45 a.m. ET today. Watch the hearing here.
President Trump announced Jerome Powell as his nominee to be the new chair of the Federal Reserve, replacing Janet Yellen in early 2018. With a background in law and finance, Powell would be the first Fed chair in almost forty…
Jerome Powell, President Donald Trump's pick to replace Janet Yellen as Federal Reserve chairman, would bring a unique educational background to the top spot at the U.S. central bank.
