Jerome Powell, who guided the #FederalReserve & USA's economy through the staggering & sudden #Covid-19 recession by implementing unprecedented monetary stimulus, has been nominated for a second term as chairman of the U.S. central bank #Fed
U.S. #FederalReserve’s quantitative tightening might expose vulnerabilities in banking system, say Viral Acharya, Rahul S Chauhan, Raghuram Rajan and Sascha Steffen.
#Gold is headed for a second weekly decline after a slew of central banks followed the #FederalReserve in raising interest rates to cool inflation.
The #FederalReserve’s latest 75 basis points interest-rate hike reverberates through Asia, triggering some central banks to warn further policy tightening will be needed.
The #FederalReserve’s preferred inflation measures eased in November while consumer spending stagnated
#Inflation readings have, mercifully, been coming down, and investors are betting the #FederalReserve is getting close to the end of its rate-hiking cycle.
#FederalReserve Chair #JeromePowell sticks to his message that interest rates need to keep rising to quash #inflation.
Cooling U.S. job market gives #FederalReserve room to pause interest-rate increases this month.