The Latest Breaking News from Jay Powell

The currency has now surrendered all of its gains from last year to plumb depths not seen since an investor panic in the early days of the war.

How has the U.S. economy proven so resilient? Partly due to Bidenomics, write Yale's Sonnenfeld and Tian.

Soaring interest rates have pounded most S&P 500 stocks. But a handful are thriving anyway — despite efforts by Fed chief Jay Powell.

Silicon Valley Bank and Credit Suisse only really have themselves to blame for their collapse, argued the native Scot.

Powell's handling of the economy and banking regulations has left a lot to be desired for some critics.

Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks

Continuing to tighten monetary policy in this environment of bank blowups and declining consumer and business confidence is a surefire recipe for disaster.

For anyone trying to understand where interest rates and inflation are heading, it has been a strenuous few days. Jay Powell, chairman of US central bank the Federal Reserve, warned senators he may have to do more to fight inflation than expected, indicating the prospect of interest rates rising more…

Should BlackRock’s prediction prove true, borrowing costs would hit their highest level since 2001.