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The Latest Breaking News from Jerome Powell

Scott Burns: The consumer price index tells us nothing useful about housing inflation

In a masterpiece of understatement, Jerome Powell, chairman of the Federal Reserve, recently said: “I would say if you’re a homebuyer, or a young person looking to buy a home, you need a bit of a reset.”

Tribune News Service

US hiring was likely solid in June despite recession fears

U.S. employers likely downshifted their pace of hiring in June, but to a level that remains solid despite heightened fears that the economy faces the growing risk of a recession

The Independent UK

Michael Hiltzik: You may not have noticed yet, but inflation has started to come down

For fans of code-breaking, Thursday morning’s Wall Street Journal home page provided plenty of material to perplex and entertain.

Los Angeles Times

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Long, moderate and painful: What next US recession may look like

Recessions, like unhappy families, are each painful in their own way.

Tribune News Service

California Accidentally Leaked the Personal Data of Thousands of Licensed Gun Owners

Plus: America's falling murder clearance rate, the Fed wrestles with inflation, and more...

Reason

It's been a vicious 6 months for stocks. Here's what the grim markets are signaling

All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.

WEKU

Federal Reserve chair Jerome Powell: ‘No guarantee’ Fed can tame inflation, spare jobs

Though economists worry that higher interest rates could push the nation into a recession, the Fed chair pointed to a strong labor market and said most households and businesses have healthy savings.

Chicago Sun-Times

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UK will face worse inflation than other major economies, says Bank governor

Andrew Bailey said inflation would persist for longer than previously expected as petrol prices soar

The Guardian - UK

Powell: 'No guarantee' Fed can tame inflation, spare jobs

Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without hurting the job market

The Independent UK

Job cuts are rolling in. Here's who is feeling the most pain so far

Tesla, JPMorgan, Netflix, Redfin and Coinbase are among companies that are cutting jobs. While layoffs are contained to the hottest parts of the economy, there's fear they could spread elsewhere.

WEKU

Asian shares track Wall St drop as inflation fears drag on

Shares have retreated in Asia after another broad decline on Wall Street as markets remain gripped by uncertainty over inflation, rising interest rates and the potential for a recession

The Independent UK

Europe's central bank ready to 'stamp out' surging inflation

The head of the European Central Bank says it will move gradually to combat soaring consumer prices with interest rate hikes in July and September but will keep its options open to “stamp out” inflation if it surges faster than expected

The Independent UK

The Fed to Pivot as Early as Q3 22?

Past Fed Chair Paul Volker has been invoked in countless discussions surrounding monetary policy these days. Many are wondering if current Chair Jerome Powell will have the resolve to exact the Volcker-style rate hikes necessary to combat inflation. Macroeconomic expert Luke Gromen believes that this is more about math than…

Benzinga

Central Bank Chiefs Meet to Discuss Inflation Challenge

Central bank chiefs and economists gather Monday evening at their annual forum in southern Portugal to discuss the best approach to the inflationary challenges exacerbated by Russia's invasion of Ukraine. Some 200 delegates will attend the ECB Forum on Central Banking at a luxury hotel in Sintra, west of Lisbon,…

Asharq Al-Awsat

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The Guardian - UK

History turns full circle as G7 alarm bells ring over energy once again

First meeting in 1975 grappled with the oil shock – now it is Russia’s war in Ukraine creating angst

Benzinga

Stocks Rebound From 2022 Lows As Market Digests Fed Chair Powell's Congressional Testimony

The SPDR S&P 500 ETF Trust (NYSE: SPY) bounced back from its recent weakness in a holiday-shortened trading week, with all major indexes trading higher.

Tribune News Service

Remote work could save firms $206 billion and ease pressure on the Fed

The rise of remote work could make the Federal Reserve’s task of taming inflation a bit easier, while saving employers more than $200 billion, according to new research.

Miami Herald

Core inflation may have peaked, but still well-above Fed’s target

The high price of gasoline doesn’t really matter to the Federal Reserve’s fight against inflation.

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Los Angeles Times

Should we raise unemployment to fight inflation? No, we need to protect jobs no matter what

If economic history teaches us anything, it's that when times get tough, working men and women get targets painted on their back.

The Independent UK

Asian shares gain as investors shrug off downbeat data

Shares are higher in Asia despite data suggesting economies are slowing

Benzinga

Why Alibaba, Nio, Chinese Peers Are Trading Higher in Hong Kong Today

Shares of major U.S.-listed Chinese companies inched higher in Hong Kong on Friday, with tech giants like Alibaba Group Holdings (NYSE: BABA), Tencent Holdings (OTC: TCEHY), Baidu Inc (NASDAQ:

The Independent UK

Powell: Fed must convince public it can tame inflation

As if their job weren’t hard enough at a time of raging inflation, Chair Jerome Powell and his Federal Reserve colleagues have to do more these days than decide just how much to raise interest rates without triggering a recession

Tribune News Service

What Fed Chairman Powell sees for the housing market

The fate of the housing boom is on the minds of both homeowners and homebuyers these days. Will record home values lead to a crash reminiscent of the one that made the Great Recession so painful? Or will prices simply take a breather from their torrid pace of appreciation?

Benzinga

Jerome Powell Says The Fed Underestimated Inflation: Here's Where The Central Bank Went Wrong

The Federal Reserve has taken some heat for moving too slow to cool inflation. Fed Chair Jerome Powell looked back on what went wrong Thursday during the second day of a congressionally mandated semiannual report on monetary policy.

Benzinga

Powell thinks rate hikes alone will not slow down gas prices

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