Dec 01 WATCH: Fed Chair Jerome Powell 'not at all sure' inflation will fade next year By Chris Rugaber, Associated Press In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect. Continue reading
Nov 30 WATCH: Treasury Secretary Janet Yellen, Fed Chair Jerome Powell testify before Senate committee By Christopher Rugaber, Associated Press Chair Jerome Powell says the Federal Reserve will consider acting more quickly to dial back its ultra-low-interest rate policies to counter higher inflation, which Powell acknowledged will likely persist well into next year. Continue reading
Nov 22 WATCH: Biden to re-nominate Powell as Fed chair, Brainard gets vice chair By Christopher Rugaber, Associated Press President Joe Biden announced he's nominating Jerome Powell for a second term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the… Continue reading
Oct 21 Federal Reserve imposes sweeping new limits on policymakers' investments By Christopher Rugaber, Associated Press The Federal Reserve is imposing a sweeping new set of restrictions on the investments its officials can own, a response to questionable recent trades that forced two top Fed officials to resign. Continue reading
Sep 30 WATCH: Treasury Secretary Yellen and Fed Chair Powell testify on pandemic recovery By News Desk and Christopher Rugaber, Associated Press Treasury Secretary Janet Yellen and Fed Chair Jerome Powell are expected to testify before the House Committee on Financial Services on Thursday about the pandemic recovery. Continue reading
Sep 27 WATCH: Secretary Yellen, Chairman Powell testify on pandemic recovery By Chris Rugaber, Associated Press Treasury Secretary Janet Yellen and Federal Reserve Chairman Jerome Powell are expected to testify at a hearing on Tuesday on the state of the nation's pandemic recovery. Continue reading
Sep 22 WATCH: Under pressure, Powell says Federal Reserve to revamp its trading rules By Christopher Rugaber, Associated Press The Federal Reserve is expected this week to send its clearest signal yet that it will start reining in its ultra-low-interest rate policies later this year, the first step toward unwinding the extraordinary support it’s given the economy since the… Continue reading
Aug 27 Fed on track to slow aid for economy later this year, says Powell By Christopher Rugaber, Associated Press 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. Continue reading
Aug 17 WATCH: Fed chair Jerome Powell says there's no returning to pre-pandemic economy By Martin Crutsinger, Associated Press 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. Continue reading
Jul 28 WATCH: Federal Reserve chair Powell notes improving economy, a step toward easing support By Damian J. Troise, Associated Press The Federal Reserve said Wednesday that the U.S. economy is strengthening and making progress on the Fed's employment and inflation goals, a small step toward dialing back its ultra-low-interest rate policies, perhaps later this year. Continue reading