The Federal Reserve is “firmly committed” to reducing inflation after its rally to a 40-year high, and central bank officials have taken immediate action to do so, Fed Governor Jerome Powell told Congress today. “It is crucial that we reduce inflation in order to have a prolonged period of strong labor market conditions for the […]
Tag: Jerome Powell
Powell: Fed Commitment to Return Inflation to 2% Strong
The chairman of the Federal Reserve, Jerome Powell, today reiterated his determination to face the highest inflation in 40 years, and said that the determination shown by the US Federal Reserve encourages the whole world to trade with the US dollar. “My colleagues and I are focusing solely on getting inflation back to its official […]
Τζ. Powell: We will do whatever it takes to reduce inflation – does not rule out another 0.75% increase in July
The Federal Reserve’s intention to take the necessary steps to bring inflation back to acceptable levels was stressed by US Federal Reserve Chairman Jerome Powell at the regular press conference following the two-day Federal Open Committee meeting. The Fed chairman acknowledged that US inflation was “very high”, which he said had led the central bank […]
USA: Biden-Powell meeting against the background of the inflation rally
The decades-long inflation rally was the focus of US President Joe Biden’s meeting today with Federal Reserve Governor Jerome Powell at the Oval Office, the first meeting between the two men since the confirmation of Powell’s appointment by the US Secretary of State. this month. Shortly before the meeting, Biden said he was meeting with […]
Biden-Powell meeting today on galloping inflation
US President Joe Biden will meet today with Federal Reserve Chairman Jerome Powell to discuss the rapid inflation that continues to stifle American economies. The meeting, the first since Powell’s renewal of power in the Senate, will take place against the backdrop of President Biden’s efforts to reduce the cost of gasoline, food and consumer […]
Powell has been sworn in for a second four-year term as head of the Fed
Federal Reserve Chairman Jerome Powell was sworn in on Monday for a second four-year term as head of the US Federal Reserve, the Fed said in a statement. Also on Monday, Lael Brennard was sworn in as the new vice president of the Fed, and the two youngest members of the Fed’s board, Philip Jefferon […]
Powell: The Fed will continue to push until inflation subsides
LAST UPDATE 22:00 Federal Reserve Chairman Jerome Powell said today that no one should question the US Federal Reserve’s determination to reduce inflation from the highest levels in decades, and that this could include raising interest rates to restrictive levels if need. “What we need to see is inflation go down in a clear and […]
Powell: It would have been better if, as the Fed, we had raised interest rates ‘a little earlier’
“Things would have been better if the Fed had started raising interest rates a little earlier,” US Federal Reserve Chairman Jerome Powell said shortly after the Senate ratified his second four-year term as head of the Federal Reserve. of the country. Calling fixed prices the “cornerstone” of the economy, Mr Powell said the Fed’s battle […]
US: The Senate formally ratified Powell’s second term in the Fed leadership
Jerome Powell’s second four-year term as chairman of the US Federal Reserve has been approved by the US Senate, the upper house of the US Congress. Mr. Powell’s new term ends in February 2026. 80 senators voted in favor, compared to 19 who voted against. Thirteen Republican senators voted against, along with six of their […]
How high will the Fed raise interest rates?
By Bill Dudley How high will interest rates be raised by the US Federal Reserve? This is a crucial question, given that trillions of dollars worth of stocks and bonds worldwide are affected by its movements and the effect they will have. For the markets, the response implied by recent statements by Fed Chairman Jerome […]
