Fed Chair Jerome Powell Says Higher Interest Rates Could Cause a Recession

Here are the key takeaways from the Fed chief's hearing before Congress.Here are the key takeaways from the Fed chief's hearing before Congress.

Powell's warning: 'Surprises could be in store' on inflation - POLITICO

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The Federal Reserve should make sure that its rate increases do not push Americans into the unemployment lines, said Sen. Elizabeth Warren, the Democrat from...The Federal Reserve should make sure that its rate increases do not push Americans into the unemployment lines, said Sen. Elizabeth Warren, the Democrat from...

Sen. Warren warns Fed Chair Powell not to 'drive this economy off a cliff' - MarketWatch

Investors digested Federal Reserve Chair Jerome Powell's comments on the central bank's aim to bring down inflation.Investors digested Federal Reserve Chair Jerome Powell's comments on the central bank's aim to bring down inflation.

Wall Street ends lower after Powell remarks, as energy shares drag | Reuters

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Federal Reserve Chairman Jerome Powell conceded that avoiding a recession will be difficult as the U.S. central bank hikes interest rates to tame inflation.Federal Reserve Chairman Jerome Powell conceded that avoiding a recession will be difficult as the U.S. central bank hikes interest rates to tame inflation.

Powell concedes Fed may trigger recession, calls soft landing 'very challenging' | Fox Business

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"It is not our intended outcome at all," Powell told lawmakers on Wednesday."It is not our intended outcome at all," Powell told lawmakers on Wednesday.

Fed chair Powell says recession a "possibility" amid inflation battle

Senator Elizabeth Warren criticizes the Fed’s rate moves, expressing fear that rate hikes will ‘drive this economy off a cliff’Senator Elizabeth Warren criticizes the Fed’s rate moves, expressing fear that rate hikes will ‘drive this economy off a cliff’

Fed chief vows to keep raising rates until ‘compelling evidence’ of falling inflation | US economy | The Guardian

Powell says will assess further interest rate hikes on a ‘meeting by meeting’ basis.Powell says will assess further interest rate hikes on a ‘meeting by meeting’ basis.

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Recession worries are once again preying on investors, who will watch Fed boss Jerome Powell's testimony later for hints on the path of interest rates.Recession worries are once again preying on investors, who will watch Fed boss Jerome Powell's testimony later for hints on the path of interest rates.

Stock Market Today: Dow Futures Fall 350 Pts As Rally Fizzles, Oil Slides

Stocks have slumped in recent weeks amid investor fears that sharply higher interest rates could trigger a recession.Stocks have slumped in recent weeks amid investor fears that sharply higher interest rates could trigger a recession.

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Federal Reserve chair Jerome Powell said the central bank might be able to lower rapid inflation without tipping America into a painful downturn, though he cautioned that pulling it off would be “very challenging” to achieve and that a recession is “certainly a possibility.”Federal Reserve chair Jerome Powell said the central bank might be able to lower rapid inflation without tipping America into a painful downturn, though he cautioned that pulling it off would be “very challenging” to achieve and that a recession is “certainly a possibility.”

Powell says Fed is ‘not trying to provoke’ a recession - The Boston Globe

In the first of two closely-watched days of testimony to Congress, Powell again stressed that the Fed understands the hardship caused by rising prices and is committed to bringing down inflation, which has reached a 40-year high.In the first of two closely-watched days of testimony to Congress, Powell again stressed that the Fed understands the hardship caused by rising prices and is committed to bringing down inflation, which has reached a 40-year high.

fed: US could face more inflation 'surprises': Powell - The Economic Times

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Several Republicans charged that the Powell Federal Reserve had moved too slowly to begin raising rates and now must speed up its hikes.Several Republicans charged that the Powell Federal Reserve had moved too slowly to begin raising rates and now must speed up its hikes.

Stocks lose gains as Powell tries to reassure Americans fearful of a recession

Federal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recessionFederal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession

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In his prepared remarks before the Senate Banking Committee, Powell reiterated that ongoing increases in the policy rate would be appropriate, but the pace of the changes will continue to depend on the incoming data and the evolving outlook for the economyIn his prepared remarks before the Senate Banking Committee, Powell reiterated that ongoing increases in the policy rate would be appropriate, but the pace of the changes will continue to depend on the incoming data and the evolving outlook for the economy

Wall Street: Tech-heavy Nasdaq turns positive after Powell's remarks | Mint

Federal Reserve Chair Jerome Powell reiterated his stance that ongoing rate increases will be appropriate and the pace of those changes will depend on incoming data, in his...Federal Reserve Chair Jerome Powell reiterated his stance that ongoing rate increases will be appropriate and the pace of those changes will depend on incoming data, in his...

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By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday underscored the Fed's determination to raisBy CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Wednesday underscored the Fed’s determination to raise interest rates high enough to slow inflation, a commitment that has fanned concerns that the central bank’s fight against surging prices could tip the economy into recession. Powell also said the pace of […]

Powell: Fed will decide on rate hikes ‘meeting by meeting’ | News, Sports, Jobs - The Intelligencer

FOMC Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on "The Semiannual Monetary Policy Report to CFOMC Chairman Jerome Powell is testifying before the Senate Banking, Housing, & Urban Affairs Committee on "The Semiannual Monetary Policy Report to C

Powell speech: Will not wait to see progress on supply side

The S&P 500 rallies after last week’s massive sell-off as dip buyers rush to scoop up beaten-down shares in hopes that the worst may be over ahead of Fed Powell's congressional testimony.The S&P 500 rallies after last week’s massive sell-off as dip buyers rush to scoop up beaten-down shares in hopes that the worst may be over ahead of Fed Powell's congressional testimony.

S&P 500 Soars Ahead of Fed Powell’s Testimony. Is This Another Dead-Cat Bounce?

Tillis served as Ranking Member for the hearingTillis served as Ranking Member for the hearing

Tillis Questions Fed Chairman Powell on Combatting Inflation - Thom Tillis, U.S....

Elizabeth Warren to Fed chair Jerome Powell: Don't 'drive this economy off a cliff' - Channel3000.com

Cable makes a quick 30-pip moveCable makes a quick 30-pip move

US dollar slips after Powell highlights signs of demand destruction | Forexlive

Powell: Fed 'Strongly Committed' to Reduce Inflation 'Expeditiously'The Federal Reserve is "strongly committed" to bringing down inflation that is running at a 40-year high and policymakers are acting "expeditiously to do so," U.S. central bank chief Jerome Powell said on Wednesday.

Powell: Fed 'Strongly Committed' to Reduce Inflation 'Expeditiously' | Newsmax.com

U.S. central bank chairman Jerome Powell was under fire from federal lawmakers on Wednesday over soaring prices of all goods and services. Powell suggested more inflationary surprises could be on the horizon.U.S. central bank chairman Jerome Powell was under fire from federal lawmakers on Wednesday over soaring prices of all goods and services. Powell suggested more inflationary surprises could be on t…

Fed chairman remains committed to getting inflation down | CGTN America

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Fed's Powell weighs on recession risks, reaffirms commitment to aggressive rate hikes | Kitco News