The Latest Breaking News from Jerome Powell

WASHINGTON — Ron DeSantis has found a new rhetorical target as he prepares for a potential presidential bid: Federal Reserve Chairman Jerome Powell.

At least nine in 10 Americans feel their money is safe at their bank or credit union, regardless of its size, according to the Harris Poll.

Americans are spending less time working than they did before the pandemic. That’s good for many of them, but it’s not necessarily great for the inflation-fighting Federal Reserve.

Following three weeks of banking turmoil, anxiety over still-elevated inflation, and rising interest rates, investors turn back their focus to corporate earnings reports and a series of economic data, including the payrolls report due this week. Let’s find out if stocks Nurix Technologies (NRIX), Genius Brands (GNUS), and ClearSign Technologies…

The bank crisis could spark a credit crunch that will rock the economy. It'll be a major test for small businesses.

Late in 2018, two Trump-appointed banking regulators, Federal Reserve Vice Chair Randal Quarles and FDIC Chair Jelena McWilliams, went on a nationwide tour to meet with regional bank examiners.

U.S. applications for jobless benefits rose last week but remain at historically low levels despite the Federal Reserve’s efforts to cool the economy and job market in its fight against inflation

Economists have had their say on what the Fed will do later this spring –and when rates may finally begin to fall.

The Fed official in charge of bank supervision said SVB was warned about its risks and that it ignored “bread and butter” banking issues.

Don't let a seemingly strong jobs market fool you–the data today is reminiscent of the early days of past recessions, according to Murray Sabrin.

By taking every crisis suffered by others seriously, we can minimize our own crises