The US economy added 311,000 jobs in February, according to the Labor Department's closely watched monthly employment snapshot. That's a pullback from the blockbuster January […]
Continue readingTag: Jerome Powell
Watch: Fed Chair Jerome Powell appears before Senate Banking Committee
Fed Chair Jerome Powell is testifying before the Senate Banking Committee. Powell told Congress the Fed could raise interest rates more than planned to tame […]
Continue readingHow Fed interest rate hikes will affect your credit card, mortgage | USA TODAY
This is why the Federal Reserve raises interest rates, and what it means for your bottom line. RELATED: How do Federal Reserve interest rate changes […]
Continue reading‘Pain’: Stock market plunges after Fed chair inflation warning
US stocks plummeted on Friday following a warning from Federal Reserve Chairman Jerome Powell that the central bank’s mission to tame inflation will result in […]
Continue readingBiden meets with Jerome Powell to address inflation across US | USA TODAY
The White House and the Federal Reserve are grappling with how to deal with inflation. RELATED: Biden, Democrats introduce legislation to ease baby formula shortage […]
Continue readingWhy the Fed’s 0.5% rate hike is significant
The Federal Reserve said it will raise interest rates by 0.5%, the highest percentage-point hike in more than two decades. The move comes as the […]
Continue readingAmerican Economy Is ‘Really Far From Where We Need To Be’ | Andrea Mitchell | MSNBC
Jason Furman, a former chairman of the Council of Economic Advisers under President Obama, joins Andrea Mitchell to talk about the future of the American […]
Continue readingFed chief downplays inflation concerns connected with stimulus
In congressional testimony, Federal Reserve Chairman Jerome Powell was asked about the inflationary effects of President Joe Biden's $1.9 trillion coronavirus relief plan and said […]
Continue readingGameStop short squeeze pits small investors vs hedge fund short sellers
Shares of GameStop have soared in recent weeks because of support from individual investors on Reddit. Despite the losses following the opening bell, GameStop (GME) […]
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