Jay Powell

18 results

US president Donald Trump and Ivanka Trump in Washington on Thursday. The president’s grasp of basic economics is even weaker than it already appears to be. Photograph: Andrew Harrer/Bloomberg

US indices have seemed oblivious to the troubled mood pervading global markets in 2018 but that finally changed last Wednesday, when the S&P 500 s(...)

US president Donald Trump hugs rapper Kanye West at the White House where they spoke of prison reform. Photograph: Oliver Contreras

President Donald Trump hit out at the Federal Reserve on Thursday as stock markets in the United States and Europe continued to fall. In a phone inte(...)

Wednesday’s sell-off on Wall Street spread to Asia overnight and to Europe on Thursday.  Photograph: Getty

A sell-off that saw tech stocks drive the S&P 500 on Wednesday to its worst one-day drop since February rippled across global markets on Thursday.(...)

Federal Reserve chairman Jerome Powell announces the US central bank is raising interest rates for the third time this year. Photograph: Jim Lo Scalzo/EPA

The US Federal Reserve raised short-term interest rates for a third time this year and signalled it would forge ahead with plans to tighten policy eve(...)

Antoinette Schoar, economist and professor of finance at the Massachusetts Institute of Technology (MIT), speaks at the Jackson Hole economic symposium in  Wyoming Photograph: David Paul Morris/Bloomberg

Central bankers typically like to project steadfast confidence. But when Jay Powell opened the annual Jackson Hole gathering, the Federal Reserve chai(...)

Jerome Powell, chairman of the Federal Reserve, speaks during a House Financial Services Committee hearing, on Capitol Hill in Washington DC, July 18th. President Donald Trump criticised the Fed for raising interest rates, a rare rebuke by a sitting president that upends longstanding executive branch protocol to avoid commenting on monetary policy. Photograph: Al Drago/The New York Times

President Donald Trump criticised the Federal Reserve’s recent interest rate rises and voiced his dissatisfaction with the strong US dollar, sending t(...)

Jay Powell, the Fed’s chairman, is keeping with the programme of gradual rate rises that the Fed kicked off in late 2015.

The Federal Reserve lifted interest rates by a quarter point and signalled that two more increases are likely in 2018 as policymakers gave a bullish a(...)

Federal Reserve chairman Jay Powell said regulators were seeking to “replace overly complex and inefficient requirements”. Photograph: Aaron P Bernstein/Reuters

American regulators have proposed a major loosening of the Volcker rule ban on banks gambling their own money in the markets, as Trump appointees cut (...)

The median forecast from the Fed’s most recent projections points to a total of three rate increases this year, but many economists expect four upward moves.

The US Federal Reserve signalled it is getting more confident in the inflation outlook as it prepares for further increases in short-term interest rat(...)

Jerome ‘Jay’ Powell, chairman of the US Federal Reserve.

Showing all the deliberation of a trained lawyer, Jay Powell on Wednesday gave a cautious presentation following his first meeting as Federal Reserve (...)

  • 1
  • 2
  • Next
  • Last »