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Fed Chair Jerome Powell pumps brakes on rate cuts

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(WASHINGTON) -- The Federal Reserve will see if inflation moves beyond its current rough patch before imposing highly anticipated interest rate cuts, Fed Chair Jerome Powell said on Wednesday.Addressing a business conference at Stanford University, Powell touted progress in the fight to cool price...

US economy ‘quite resilient,’ Fed Chair Jerome Powell says

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(NEW YORK) -- Federal Reserve Chair Jerome Powell on Wednesday voiced an optimistic message about the U.S. economy and downplayed the threat of a recession."The U.S. economy has actually been quite resilient," Powell said in Sentra, Portugal, at a conference organized by the European...

US banking system ‘sound and resilient,’ Fed Chair Jerome Powell says

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(WASHINGTON) -- Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system "strong and resilient," voicing confidence in the nation's financial system and the safety of bank deposits less than two weeks after the failure of Silicon Valley Bank, the second-biggest bank collapse...

Biden nominates Federal Reserve Chairman Jerome Powell to 2nd term

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(WASHINGTON) -- President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation and took the opportunity to respond to those who have voiced opposition to Powell's nomination."As chair, Jay undertook...

Biden nominates Federal Reserve Chairman Jerome Powell to second term

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(WASHINGTON) -- President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation.He also said he would nominate Dr. Lael Brainard, a longtime Federal Reserve official and former Treasury Department undersecretary,...