The Latest Breaking News from Jerome Powell

Australian shares have risen after two straight sessions of falls, with energy and mining stocks leading the recovery on firm commodity prices, while concerns over aggressive rate hikes and slowing growth across the globe checked risk appetite.

U.S. Federal Reserve Chair Jerome Powell will be center stage on Friday at the Jackson Hole Symposium, an annual economic summit that takes place in Jackson Hole, Wyoming.

Asian markets fell again Tuesday and the dollar held gains as traders grow increasingly worried that the Federal Reserve will continue to ramp up interest rates to fight inflation. With the Jackson Hole symposium of central bankers and finance chiefs taking place this week, the focus is on what Fed…

Hong Kong's benchmark stock index opened lower on Tuesday morning, tracking a weak finish overnight on Wall Street on the back of rate-hike fears, as investors looked toward U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Summit later this week.

The Australian share market has wiped out all of its gains for the month, on growing fears that central bank efforts to tame rising consumer prices with inflation-busting interest-rate hikes will weaken the global economy and lead to a recession.

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.6% on Monday as investors brace for what could be a hawkish speech by U.S Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium on Friday. Here's what investors need to know.

Federal Reserve Chair Jerome Powell will have a chance — if he wants to take it — to reset expectations in financial markets when central bankers gather this week at their annual Jackson Hole retreat.

European and US stocks mostly fell Friday, with investors focused firmly on central bank interest rate hikes as the US dollar rallied. After slumping through the first half of 2022 amid concerns over central bank tightening, stocks have done better since the end of June as investors bet on a…

The Federal Reserve consistently says its actions are data dependent. “Data dependence is, and always has been, at the heart of policymaking at the Federal Reserve,” Fed Chairman Jerome Powell said in a 2019 speech.

Stocks swung in Asia on Friday as investors tried to assess the Federal Reserve's plans for lifting interest rates to fight inflation, with mixed data and differing opinions by bank officials providing little clarity. The rally across markets from their June lows appears to have run out of steam this…

U.S. employers added 528,000 jobs in July, showing the labor market remains strong, despite high inflation and softening economic growth. The unemployment rate fell to 3.5%.