Jerome Powell Takes a Pounding

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Jerome Powell Takes a Pounding The Wall Street JournalView Full Coverage on Google News

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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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Treasury yields pull back Wednesday as Federal Reserve Chair Jerome Powell reiterates a commitment to reining in inflation and falling commodity prices...Treasury yields pull back Wednesday as Federal Reserve Chair Jerome Powell reiterates a commitment to reining in inflation and falling commodity prices...

10-year Treasury yield sees biggest fall in 7 months as Powell testifies, commodities soften - MarketWatch

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed. WASHINGTON (AP) — Federal Reserve Chair Jerome Powell won praise for his deft leadership during the maelstrom of the pandemic recession. As threats to the U.S. economy have mounted, though, Powell has increasingly struck Fed watchers as much less sure-footed.

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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

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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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

The US central bank last week announced the most aggressive interest rate increase in nearly 30 years and promised more action to come to combat the price surge, with gas and food costs soaring and millions of Americans struggling to make ends meet.The US central bank last week announced the most aggressive interest rate increase in nearly 30 years and promised more action to come to combat the price surge, with gas and food costs soaring and millions of Americans struggling to make ends meet.

jerome powell: US could face more inflation 'surprises': Fed's Jerome Powell - The Economic Times

Federal Reserve Chair Jerome Powell sought to reassure Americans that the Fed will take action to fight inflation and avoid a recession. But he faced tough questions from lawmakers on how he'll make that happen.WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Wednesday 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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Fed Chair Powell will address Congress over the next two days, testifying before the Senate Banking Committee and House Financial Services Committee.Fed Chair Powell will address Congress over the next two days, testifying before the Senate Banking Committee and House Financial Services Committee.

Powell to Testify Before Congress

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

"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

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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Markets shook off growing recession fears and rebounded after Powell's comments.Markets shook off growing recession fears and rebounded after Powell's comments.

Stocks Fall After Powell Pledges More Big Rate Hikes To Combat Inflation

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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

Powell added that the Fed will continue to raise interest rates if inflation continues to rise, but said they'd do it in a way to avoid tightening credit.Powell said the pace of future rate hikes will depend on whether — and how quickly — inflation starts to decline.

Recession: Powell reassures Fed working to prevent decline | 10tv.com

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

finance.yahoo.com

Federal Reserve Chair Jerome Powell 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 said the pace of future rate hikes will depend on whether — and how quickly — inflation starts to decline, something the Fed will assess on a “meeting by meeting” basis. Its decision-making will be based on “the incoming data and the evolving outlook for the economy,” Powell said in prepared testimony to the Senate Banking Committee, which he is addressing as part of the Fed’s semiannual policy report to Congress.

Powell: Fed will decide on rate hikes 'meeting by meeting' - Channel3000.com

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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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 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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The British pound remains on the defensive and is edging lower on Wednesday, down by a minimal 0.04% in the North American session. At 1.2272, the GBPThe British pound remains on the defensive and is edging lower on Wednesday, down by a minimal 0.04% in the North American session. At 1.2272, the GBP

Pound Sterling Price News and Forecast: GBP/USD erases gains post-Fed’s Powell appearance

Bitcoin, Ethereum and major coins traded lower on Wednesday evening as the global cryptocurrency market cap slipped 2.1% to $887.6 billion at press time.Bitcoin, Ethereum and major coins traded lower on Wednesday evening as the global cryptocurrency market cap slipped 2.1% to $887.6 billion at press time.

Is Bitcoin (BTC) Selloff Showing 'Exhaustion' Signs? - Benzinga

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?

Ahead of Fed Chairman Jerome Powell’s testimony today before Congress, equity index futures pointed lower before the open, suggesting that stocks are unlikely to follow through on yesterday’s gains. Ahead of Fed Chairman Jerome Powell’s testimony today before Congress, equity index futures pointed lower before the open, suggesting that stocks are unlikely to follow through on yesterday’s gains.

Equity Index Futures Fall Ahead of Fed Chair Powell’s... - Ticker Tape