Federal Reserve Chairman Jerome Powell

WASHINGTON | Fed’s Powell: Rate hikes should not upend the global economy

WASHINGTON— Moves by the Fed and other major central banks to raise interest rates after a long period of keeping them low should not be disruptive to the global economy, Federal Reserve Chairman Jerome Powell said Tuesday. In remarks prepared for a financial conference in Zurich, Powell said that the role U.S. monetary policy plays … Continue reading WASHINGTON | Fed’s Powell: Rate hikes should not upend the global economy

Markets trying to judge level of Powell’s optimism

WASHINGTON/March 01, 2018 (AP)(STL.News) — Federal Reserve Chairman Jerome Powell had a smooth public debut in his new job as head of the nation’s central bank. But investors want to know whether he is really as optimistic about economic prospects as he appeared to be. Powell’s optimism in testimony before a House committee on Tuesday … Continue reading Markets trying to judge level of Powell’s optimism

US stocks, bonds hold steady ahead of Fed chief’s testimony

NEW YORK/February 27, 2018 (AP)(STL.News) —Stocks and bonds held relatively steady in early trading on Tuesday, and the Standard & Poor’s 500 index was wavering between small gains and losses. Investors are waiting to hear from Federal Reserve Chairman Jerome Powell, who is scheduled to give testimony before Congress on monetary policy. In prepared remarks, … Continue reading US stocks, bonds hold steady ahead of Fed chief’s testimony

Powell says outlook strong, signaling gradual rate hikes

WASHINGTON /February 27, 2018 (AP)(STL.News) —Federal Reserve Chairman Jerome Powell, making his first public comments as leader of the nation’s central bank, told Congress Tuesday that the outlook for the U.S. economy “remains strong” despite the recent stock market turbulence. He said that bright prospects for growth and employment will allow the Fed to continue … Continue reading Powell says outlook strong, signaling gradual rate hikes