Articles tagged under: Jerome Powell
More Interest Rate Hikes Expected
Published August 25, 2023
Federal Reserve Board Chairman Jerome Powell remains committed to bringing inflation down to two percent. "We have tightened policy significantly over the past year," said Powell. "We are prepared to raise rates further if appropriate and hold policy at a…Interest Rates Rise
Published July 27, 2023
The Federal Reserve bumped interest rates by a quarter percentage point to a range of 5.25 percent-to-5.5 percent. Interest rates are now at a 22-year high. Fed Chair Jerome Powell would not rule out another rate hike at the central…More Interest Rate Hikes Expected
Published June 30, 2023
The first quarter real gross domestic product increased by two percent. That’s far better than the 1.4 percent expected by industry analysts. In a separate report, the Labor Department said the initial jobless claims for the week ending June 24…Fed Signals a Pause in Interest Rate Increases
Published May 4, 2023
As expected, the Federal Reserve raised interest rates by 25 basis points following its May meeting. The Fed also signaled it could be done raising rates for now. The interest rate hike is the tenth consecutive rate increase bringing the…Interest Rates Increase 25 Basis Points
Published March 23, 2023
Interest rates are now at the highest level since September of 2007. The benchmark rate was increased another quarter-percentage point and is now in a range of 4.5-to-five percent. Federal Reserve Board Chairman Jerome Powell said the economy was doing…More Interest Rate Hikes on the Horizon
Published March 12, 2023
Federal Reserve Board Chair Jerome Powell told lawmakers the central bank would consider raising interest rates by a half percentage point later this month. During his semiannual visit to Capitol Hill to discuss monetary policy, Powell also said the benchmark…Climate Politics and Monetary Policy Do Not Mix
Published January 11, 2023
Environmental groups have asked the Federal Reserve Bank to actively address climate change. Fed Chairman Jerome Powell responded in a panel discussion with other central bank officials, saying the Federal Reserve must avoid drifting into political issues that aren’t directly…Fed Signals Another Half Point Increase
Published December 2, 2022
Federal Reserve Board Chairman Jerome Powell signaled the central bank is on track to raise interest rates by a half a percentage point at its next meeting. During a speech Wednesday, Powell said it would make sense to slow rate…Interest Rate Bumped Another .75 Basis Points
Published November 3, 2022
As expected, the Federal Reserve Bank bumped interest rates by .75 basis points. Fed Chairman Jerome Powell offered comments after the central bank meeting. Powell said it will be appropriate to slow the pace of interest rate increases at some…