Jun 22 WATCH: Federal Reserve Chair Powell says high inflation temporary, will ‘wane’ By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Continue reading
Apr 08 U.S. nears full reopening to ‘different economy,’ says Fed Chair Powell By Christopher Rugaber, Associated Press The U.S. economy, boosted by quickening vaccinations and signs of rapid hiring, is headed toward a strong recovery, Federal Reserve Chair Jerome Powell said Thursday. Continue reading
Mar 23 WATCH: Yellen, Powell say more needed to promote pandemic recovery By Martin Crutsinger, Associated Press The two officials struck upbeat notes on the future of the economy in their prepared testimony Tuesday before the House Financial Services Committee while cautioning that the economy still needs help. Continue reading
Mar 04 Chairman Powell says higher inflation is temporary, fed will be ‘patient’ By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell said Thursday that inflation will likely pick up in the coming months but the increase will be temporary, and won’t be enough for the Fed to alter its low-interest rate policies. Continue reading
Feb 24 Chairman Powell says Federal Reserve is in no hurry to raise interest rates By Martin Crutsinger, Associated Press Powell also warned Wednesday that many who had worked in industries hardest hit by the pandemic and ensuing recession will likely need to find different jobs. Continue reading
Feb 23 Fed Chair Powell says recovery incomplete, higher inflation unlikely By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. Continue reading
Feb 10 Powell stresses commitment to full employment and low rates By Christopher Rugaber, Associated Press Powell spent little time on inflation in prepared remarks for a webcast to the Economic Club of New York. Continue reading
Jan 27 WATCH: Fed chair Jerome Powell holds press conference on economy By Associated Press The Federal Reserve pledged on Wednesday to keep its low interest rate policies in place even well after the economy has sustained a recovery from the viral pandemic. Continue reading
Jan 14 Powell signals Federal Reserve will keep aiding economy with bond buying By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance. Continue reading
Dec 16 WATCH: Fed chair Jerome Powell discusses economy By Christopher Rugaber, Martin Crutsinger, Associated Press The Federal Reserve said it will keep buying government bonds until the economy makes "substantial" progress — a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. Continue reading