Powell said in prepared remarks delivered at a banking conference in Madrid that tougher regulations put in place after the 2007-2008 financial crisis have made large multinational banks much more resilient to widespread...
Fed Rate Hike: The US Federal Reserve’s Chair Jerome Powell is expected to hold a news conference at 2:30 pm EST to give more details on the policy meeting.
The S&P 500 lost 3.4%, its biggest drop since mid-June, after Jerome Powell said the Fed will likely need to keep interest rates high enough to slow the economy “for some time” in order to beat back the high inflation...
Despite the rate hike initiated on Wednesday, the US Federal Reserve also hinted that it may pause the rate hike cycle after this
The Fed’s move has raised its key short-term rate to a range of 3.75 per cent to 4 per cent, which is also reportedly its highest level in last 15 years.
The message landed with a thud on Wall Street, sending the Dow Jones Industrial Average down more than 1,000 points for the day
On Wednesday, Federal Reserve Chair Jerome Powell tested positive for Covid-19 and is experiencing “mild symptoms," the Federal Reserve announced.
The meeting is conducted by the US Federal Reserve and it hosts economists, central bankers and policymakers from across the world
Powell's remarks will be scrutinised by Wall Street traders and economists and could potentially cause sharp swings in financial markets
The cryptocurrency market soared after the US Federal Reserve increased the interest rates by 75 basis points on Wednesday and chair Jerome Powell rejected...
Powell stressed that the Fed's primary goal is to reduce inflation but said he still hopes to achieve a “soft landing”
The increase in the Fed's key rate raised it to a range of 0.75% to 1%, the highest point since the pandemic struck two years ago.
While some economists and Fed officials have been suggesting the regulator move faster to rein in ultra-low-rate policies, other policymakers have favoured a...
