The Latest Breaking News from Jerome Powell

Markets whipsawed in the aftermath of another 0.75 percentage point rate hike on Wednesday.

The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed…

If the midterms favor Republicans, their top priority needs to be the fight against inflation—whether or not they feel like they created the problem.

Federal Reserve Chair Jerome Powell sought to strike a delicate balance at a moment when high inflation is bedeviling the nation’s economy and commanding a central role in the midterm elections

Major Wall Street indices closed over 1.5% lower on Wednesday after witnessing a volatile session during Federal Reserve Chair Jerome Powell’s policy announcement. 

Australian shares close sharply lower, after the US Federal Reserve delivers another 0.75-of-a-percentage-point rise and gives no indication of when they will stop, sending Wall Street tumbling.

The SPDR S&P 500 (NYSE: SPY) is volatile Wednesday afternoon after the Federal Reserve raised its benchmark rate by 0.75% for the fourth&

It took note of the still-evolving impact that its rapid pace of rate hikes has set in motion.

Federal Reserve Chairman Jerome Powell warns ‘we still have some ways to go’ on curbing inflation