The Latest Breaking News from Jerome Powell

We were told it would be "transitory." But inflation continued to rise.

The top Republican on the Senate Banking Committee said that his party’s members will boycott a vote by the panel scheduled for Tuesday afternoon on President Joe Biden’s nominees to the Federal Reserve, potentially delaying confirmation of a second term for Chair Jerome Powell, who is serving in an acting…

A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods

Stock markets slumped in Asia on Thursday and European shares started the day's trading in the red, after signals from the US Federal Reserve that it could raise interest rates more than three times in 2022. Fed Chair Jerome Powell said the central bank's policy committee was "of a mind"…

Equity markets tanked Thursday following a late sell-off on Wall Street in reaction to a surprisingly hawkish turn by US Federal Reserve boss Jerome Powell, who signalled the bank would begin lifting interest rates in March.

Rolling coverage of the latest economic and financial news

Asian stock markets have tumbled by unusually wide margins after the Federal Reserve indicated it plans to start raising interest rates soon to cool inflation

Fed chair Jerome Powell said the central bank would make a decision on the rate raise in its March meeting

The US Federal Reserve left interest rates unchanged, but Powell said the Fed is ‘of a mind’ to raise them in March.