jerome-powell | ABS-CBN News

Fed mulls bigger rate hikes to cool US economy

Daniel Avis, Agence France-Presse
Posted at Mar 08 08:23 AM

The United States is prepared to speed up interest rate hikes –- and could raise them higher than anticipated -- if needed to cool inflation and a strong jobs market, Federal Reserve Chair Jerome Powell said. Read more »

US inflation starting to slow but long, 'bumpy' road ahead: Powell

Agence France-Presse
Posted at Feb 08 08:40 AM

US inflation is starting to cool but the road ahead will likely be long and bumpy, Federal Reserve Chair Jerome Powell warned Tuesday, adding that stronger-than-expected economic data could bring more rate hikes. Read more »

US economic activity tepid but prices seen easing: Fed

Agence France-Presse
Posted at Jan 19 08:30 AM

Economic activity in the United States remained lukewarm in recent weeks, said a report published by the Federal Reserve, with expectations of "little growth in the months ahead." Read more »

Recession in US 'not inevitable': Yellen

Agence France-Presse
Posted at Dec 09 08:28 AM

A recession in the US is "not inevitable," Treasury Secretary Janet Yellen said, adding that she believes the world's biggest economy is on the right track in lowering inflation. Read more »

Dollar falls after Federal Reserve shift in tone, stocks mixed

Agence France-Presse
Posted at Dec 02 08:24 AM

The dollar continued to retreat on Thursday in the US on shifting expectations for US monetary policy, while global stocks finished mixed after digesting data showing record low eurozone unemployment and a moderation in US inflation. Read more »

US Fed chair admits recession a 'possibility' after rate hikes

Heather Scott, Agence France-Presse
Posted at Jun 23 08:30 AM

The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession, Federal Reserve Chair Jerome Powell cautioned. Read more »

US Fed announces biggest interest rate hike since 1994

Agence France-Presse
Posted at Jun 16 08:53 AM

The US Federal Reserve announced the most aggressive interest rate increase in nearly 30 years on Wednesday, and said it is prepared to do so again next month in an all-out battle to drive down surging inflation. Read more »

Driving US inflation down will involve 'some pain': Powell

Agence France-Presse
Posted at May 13 08:22 AM

Bringing US inflation down from current sky-high levels will mean inflicting some pain on Americans, Federal Reserve Chair Jerome Powell saiid. Read more »

US Fed signals 3 rate hikes in 2022 as inflation fight begins

Howard Schneider and Jonnelle Marte, Reuters
Posted at Dec 16 08:29 AM

The Federal Reserve said it would end its pandemic-era bond purchases in March and pave the way for three quarter-percentage-point interest rate hikes by the end of 2022 as the economy nears full employment and the US central bank copes with a surge of inflation. Read more »

US consumer prices increase solidly in September

Reuters
Posted at Oct 13 10:15 PM

US consumer prices increased solidly in September and are poised to rise further in the months ahead amid a surge in the costs of energy products, which would cast doubts on the Federal Reserve's view that high inflation is transitory. Read more »

US Fed preparing to remove stimulus 'soon' despite slower recovery

Heather Scott, Agence France-Presse
Posted at Sep 23 08:40 AM

The closely-watched announcement left policy unchanged for now, but new forecasts from central bankers show they expect the first interest rate increase next year. Read more »

Dollar near one-month low as payrolls test looms

Kevin Buckland, Reuters
Updated as of Sep 03 10:52 AM

The dollar sank to its lowest in almost a month against major rivals on Friday, ahead of a crucial U.S. jobs report. Read more »

Asian shares rise on dovish Fed chair

Alun John, Reuters
Posted at Aug 30 09:23 AM

Asian shares started the week with gains and the dollar was not far off two-week lows. Read more »

Dollar holds firm as Fed hawks urge early taper

Hideyuki Sano, Reuters
Posted at Aug 27 09:00 AM

The dollar held firm on Friday after the U.S. Federal Reserve's hawkish wing called for tapering bond purchases. Read more »

Dollar pauses after biggest weekly rise in two months

Saikat Chatterjee, Reuters
Posted at Aug 23 04:19 PM

The US dollar slipped against its rivals on Monday in a bout of profit-taking after registering its biggest weekly rise in more than two months last week. Read more »

Stocks hit record highs as Fed tapering concerns ease

Matt Scuffham, Reuters
Posted at Aug 12 09:46 AM

Global shares hit record highs Wednesday after data showed US consumer price increases slowed in July. Read more »

Fed chairman's testimony shows Biden's economic plan working: White House

Reuters
Posted at Jun 23 09:15 AM

Congressional testimony from Federal Reserve Board Chairman Jerome Powell on Tuesday shows that President Joe Biden's economic plan is working, a White House official said. Read more »

US Fed expected to stand its ground despite rising inflation

Heather Scott, Agence France-Presse
Posted at Jun 13 12:01 PM

Even in the face of rising inflation, the lackluster progress on restoring jobs lost during the pandemic means the US Federal Reserve is unlikely to budge on monetary policy when it meets next week.   Read more »

US economy accelerates in first quarter, jobless claims edge lower

Lucia Mutikani, Reuters
Posted at Apr 29 08:54 PM

US economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected will be the strongest performance this year in nearly four decades.   Read more »

US economic suffering may rise without stimulus: Fed minutes

Agence France-Presse
Posted at Nov 26 08:12 AM

Officials at the Federal Reserve feared the US economy was on a course for renewed pain without Congress approving more stimulus to help its recovery from the pandemic, according to minutes of the central bank's latest policy meeting released Wednesday.   Read more »