Jerome Powell

Fed raises key rate by quarter-point despite bank turmoil

The Fed's signal that the end of its rate-hiking campaign is in sight may also soothe financial markets as they digest the consequences of the US banking turmoil and the takeover last weekend of Credit Suisse by its larger rival UBS

Yellen, Dimon, Powell helped clinch First Republic deal with key lawyer

The planned rescue package was discussed by Treasury Secretary Janet Yellen, Federal Reserve Chairman Jerome Powell and JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon earlier this week, according to two other sources familiar with the situation.

US adds robust 311,000 jobs despite Fed’s aggressive rate hikes to combat inflation

February’s sizable job growth shows that so far, hiring is accelerating this year after having eased in late 2022. From October through December, the average monthly job gain was 284,000. That average has surged to 351,000 for the past three months

US Federal Reserve lifts rate by quarter-point but says inflation is easing

The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March. And the Fed signaled that even though inflation is easing, it remains high enough to require further rate hikes

Asian shares jump, dollar eases after Jerome Powell comments

Chinese stocks were 0.11 percent higher, while Hong Kong's Hang Seng Index was up nearly 1 percent

Federal Reserve raises key rate by half-point for seventh time this year, signals more to come

The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come.

Jerome Powell expected to be quizzed on whether US Fed will slow hikes

So far this year, the Fed has raised its key rate five times in an aggressive pace that has sent borrowing rates surging across the economy and heightened the risk of a recession. The home market, in particular, has been badly bruised as a consequence

US Fed escalates fight against inflation, delivers third-straight big hike

The US Federal Reserve raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6 per cent in 2023, stepping up their fight to curb inflation

Asian markets tumble after Fed boss Jerome Powell warns of more interest rate hikes

Federal Reserve Chair Powell said his priority was bringing inflation down from four-decade highs, even at the expense of economic growth, adding that failure to act now would cause more pain later

Powell Talks Tough: US not in recession and four other takeaways from the Fed

The European Union raised its short-term rate by a half-point last week. Although higher rates around the world could help throttle inflation, they also carry the threat of causing a global economic slowdown