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…
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.
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.
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.
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…
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.
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.
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.
The Consumer Price Index rose 5.4% last month compared to a year ago — the biggest monthly jump since 2008. During testimony on Capitol Hill Wednesday, Federal Reserve Chairman Jerome Powell gave his assessment about the price surge and risks…
Federal Reserve Chair Jerome Powell said Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months" before “moderating."…
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