The Latest Breaking News from Jerome Powell

CNBC

Goldman Sachs Group Inc (NYSE: GS) expects the U.S.

Mining and energy stocks drive the Australian market higher, while oil prices jumped 8 per cent as European Union nations considered whether to join the United States in boycotting Russian oil.

Chair Jerome Powell said Monday that the Federal Reserve would raise its benchmark short-term interest rate faster than expected, and high enough to restrain growth and hiring, if it decides that this would be necessary to slow rampaging inflation

The U.S. economy picked up in February, but the data so far this month is more mixed — leaving room for debate about whether the expansion will indeed “flourish” in the face of rising interest rates, as predicted by Federal Reserve Chair Jerome Powell.

The United States Federal Reserve has raised interest rates for the first time since 2018, as it tries to cool inflation, which is running at the highest level in 40 years. The Chair of the central bank, Jerome Powell, said the implications of the Russian invasion were "highly uncertain", pointing…

The Senate Banking Committee has approved Jerome Powell’s nomination to a second four-year term as chair of the Federal Reserve

Senate Banking Republicans provided the quorum the panel needed Wednesday to vote on Fed Chair Jerome Powell and other nominees.

The quarter-percentage-point hike is likely the first of many to rein in the highest US inflation in over 40 years.