The Latest Breaking News from Jay Powell

The tight labor market plays an important role, but may not be the main culprit.

Ahead of the first official postmortem on its collapse, bankers, regulators and executives admit that it was a crisis hiding in plain sight

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.

It’s time to brush up on yield curve inversions (again). They’ve predicted every recession since 1955.

Citadel's Ken Griffin said the Fed cannot work magic, so it must avoid making its job of tackling inflation harder by confusing markets.

The chair of the Federal Reserve has a more immediate impact on investement, employment and asset prices than anyone else, and yet CEOs would scoff at his take home pay.

The Federal Reserve shocked no one Wednesday when it announced another 25 basis-point hike to interest rates. Yet our lack of surprise doesn’t mean a lack of questions about the central bankers’ continuing anti-inflation warpath.

More job losses across the economy are necessary to break the ongoing wage-price spiral, a danger the bricks-and-mortar employer itself is risking with its recent pay hike.