Jay Powell

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Jay Powell: confirmed for a second term as Fed chair. Photograph: Jim Lo Scalzo/EPA

The US Senate has confirmed Jay Powell to serve a second term as chair of the Federal Reserve, capping off a series of historic votes that have reshap(...)

Wall Street closed sharply lower on Thursday. Photograph: Justin Lane/EPA

Wall Street closed sharply lower on Thursday in an abrupt reversal from the rally in the previous trading session, with the Nasdaq registering its big(...)

The Bank of England. Central banks around the world are scrambling to respond to surging inflation.  Photograph: Hollie Adams/Bloomberg

The Bank of England raised interest rates to their highest since 2009 at 1 per cent on Thursday to counter inflation now heading above 10 per cent, ev(...)

Interest rates are on the rise, but have central banks left it too late to properly address soaring inflation? Photograph: iStock

The US Federal Reserve Board increased its key interest rate by half a percentage point on Wednesday, the first increase of this scale since 2000. And(...)

London’s FTSE 100, France’s CAC 40 and Germany’s Xetra Dax were all hit by declines on Monday. Photograph: iStock

Global stocks fell sharply and the US dollar and Treasuries rallied as new Chinese lockdowns, fears of aggressive interest rate rises and a slowdown i(...)

Chairman of the US Federal Reserve Jerome Powell. Photograph: Win McNamee/Getty

Jay Powell has sent his strongest signal yet that the Federal Reserve is prepared to raise interest rates by half a percentage point at its meeting ne(...)

 US Federal Reserve chairman Jerome Powell.

The Federal Reserve is set to start shedding $95 billion (€86 billion)of assets a month from its swollen $9 trillion balance sheet as it steps up effo(...)

Madrid’s Stock Exchange. The Stoxx Europe 600 share index, which has fallen more than a tenth so far this year as investors became increasingly concerned about sanctions against Russia choking off commodity supplies and causing recessions, added 0.5 per cent.

Global financial markets were mixed on Monday, with US government bond prices falling ahead of this week’s Federal Reserve’s monetary policy meeting, (...)

Traders work on the floor of the New York Stock Exchange. The US stock market has suffered its worst start to the year since the global financial crisis. Photograph: Justin Lane/EPA

The US stock market has suffered its worst start to the year since the global financial crisis, as the threat of rising interest rates, slowing corpor(...)

Jerome Powell, chairman of the US Federal Reserve. Photograph: Sarahbeth Maney/The New York Times

While European Central Bank (ECB) president Christine Lagarde continues to whistle past the graveyard of inflation, Jay Powell at the US Federal Reser(...)

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