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The Latest Breaking News from Jerome Powell

Fed casting its inflation fight as battle against inequality

As the Federal Reserve intensifies its efforts to tame high inflation, its top officials are casting their aggressive drive in a new light: As a blow against economic inequality

The Independent UK

The Fed takes the red pill

The US Federal Reserve has finally acknowledged the reality of the inflation problem. The uncertainty raised by the Russia-Ukraine war did not stop it from raising rates at its March policy meeting, though it capped its first hike to just 25 basis points.

Bangkok Post

After Amazon workers’ union victory the Fed must stop tipping the scales for bosses

A post-Covid jobs recovery has strengthened workers’ hand – companies posting record profits don’t need government to slow the economy

The Guardian - US

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Biden Is Clueless About Inflation

The president's $5.8 trillion budget shows he wants more of the same government spending that is already sending prices through the roof.

Reason

Fed's rate hikes threaten its goal of narrowing racial gaps

America’s hiring boom of the past year has narrowed racial disparities in unemployment

The Independent UK

US growth in Q4 revised lower to 6.9%, slower growth to come

The U.S. economy ended 2021 by expanding at a healthy 6.9% annual pace from October through December, the government reported Wednesday, a slight downgrade from its previous estimates

The Independent UK

Markets Have Another Strong Week As S&P 500 Erases Initial Losses From Russia-Ukraine War

U.S. indices finished mixed Friday to conclude the trading week. Oil prices gained during Friday's session, which has continued to pressure economic sentiment. The S&P 500 traded higher for the second week in a row and has now more than erased its initial losses following the Russian invasion of Ukraine.

Benzinga

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Sell Stocks And Raise Cash: Can The Market Overcome Putin And Powell?

After two consecutive weeks of gains, the SPDR S&P 500 ETF Trust (NYSE: SPY) has now erased its initial losses following the Russian invasion of Ukraine.

Benzinga

Economist Now Calling For Back-To-Back 0.5% Fed Interest Rate Hikes

The U.S. Federal Reserve raised its target Fed funds rate by 0.25% earlier this month, its first interest rate hike since 2018. The Fed's updated dot plot projections are calling for six more 0.25% rate hikes in 2022, but the latest comments from Fed Chair Jerome Powell suggest the Fed…

Benzinga

Powell: Digital currencies will require new regulations

Federal Reserve Chair Jerome Powell said Wednesday that new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers

The Independent UK

City comment: Bank of England should take a leaf out of the Fed’s book on inflation

In 1979, with inflation at 11% and rising, newly appointed Federal Reserve chairman Paul Volcker called a surprise Saturday press conference in October to announce he was shaking up the central bank’s plans to get a handle on rising prices.

Evening Standard

Economic Data Scheduled For Wednesday

The MBA's index of mortgage application activity for the latest week is scheduled for release at 7:00 a.m. ET. Federal Reserve Chair Jerome Powell is set to speak at 8:00 a.m. ET. Data on new home sales for February will be released at 10:00 a.m. ET. After January's annual rate…

Benzinga

ASX boosted by financials and technology stocks as investors prepare for more US interest rate rises

The ASX follows a good night on Wall Street as investors get ready for more interest rises by the US Federal Reserve after comments from US central bank officials. Energy traders warn of recession because of Ukraine war.

ABC News

Bitcoin Rallies Overnight Despite Warnings From Powell

Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock

Benzinga

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Benzinga

Morning Brief: Top Stories Dominating Financial Media on Tuesday, March 22

CNBC

Benzinga

Goldman Expects Interest Rate Hike By 50bps at May, June Meetings: Reuters

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

The Independent UK

Asian shares rise, eyeing Ukraine, higher energy costs

Asian shares are higher as investors eye the war in Ukraine and inflationary risks including rising energy costs

Benzinga

Bitcoin, Ethereum, Dogecoin Weaken — Is There 'Rude Awakening' Awaiting Investors If Apex Coin Loses This Level?

Bitcoin and other major coins traded lower at press time on Monday evening, as the global cryptocurrency market cap decreased 1.95% to $1.85 trillion.

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Tribune News Service

Powell says Fed is ready to raise rates faster if needed

Federal Reserve Chair Jerome Powell said the central bank is prepared to raise interest rates by a half percentage-point at its next meeting if needed, deploying a more aggressive tone toward curbing inflation than he used just a few days earlier.

Benzinga

3 Stocks To Buy To Beat Inflation According To This Wall Street Veteran

Fed Chairman Jerome Powell said on Monday that inflation is too high and that the FED is ready to take action as needed. Powell’s tone has shifted tremendously since last year, when he described the inflation we were seeing as "transitory," meaning that it would soon pass.

ABC News

ASX hits two-month high after Jerome Powell says inflation is 'much too high', European Union split on Russian oil sanctions

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.

The Independent UK

Powell says Fed will hike further and faster if necessary

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

Tribune News Service

Powell says US economy to flourish, but data leave room for debate

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.

France 24

US central bank raises interest rates, warns of impact from Ukraine war

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 Independent UK

Powell and 3 other nominees to Fed posts clear Senate panel

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

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