The president of the Federal Reserve (Fed) of the United States, Jerome Powell, ran on Tuesday for a second term at the helm, prioritizing the fight against high inflation, although this means putting less emphasis on the goal of full employment. Powell, who in 2018 acceded to the position at the proposal of the former […]
Tag: Jerome Powell
Powell would face questioning at nomination hearing
On Tuesday, at the hearing on his nomination to continue four more years at the head of the central bank of the United States, Jerome Powell will be questioned about the most abrupt change that the Federal Reserve has undergone towards monetary adjustment in decades. While the 68-year-old Fed chairman enjoys widespread support from Democrats […]
Fed’s Powell pledges that inflation does not take hold in the US.
Updated on 01/10/2022 06:16 pm The president of the Federal Reserve (Fed), Jerome Powell, he vowed to “prevent further inflation from taking hold” in remarks prepared for a congressional hearing on Tuesday, where the high pace of price increases is likely to be a central theme. Powell did not explicitly mention the central bank’s plans […]
Fed sees “justified” advancing the rate hike due to high inflation
Updated on 05/01/2022 04:20 pm The minutes of the last meeting of the Federal Reserve (Fed) The US, published this Wednesday, indicate that its top officials see “justified” to advance an increase in interest rates – currently in the range of between 0% and 0.25% – due to high inflation. “The participants (in the meeting) […]
Powell: Fed is not sure what inflation will drop in 2022
Updated on 12/01/2021 04:00 pm In a further indication of their growing concern over inflation in USA, the president of the Federal Reserve (Fed), Jerome Powell, announced that the Fed cannot be sure that the price hike will subside in the second half of next year, as many economists hope. Powell told the House Financial […]
Fed admits new variant of COVID-19 could slow recovery
Updated on 11/30/2021 11:41 am The president of the Federal Reserve (Fed), Jerome Powell, warned that the increase in cases of COVID-19 and the new variant of the coronavirus, omicron, could slow progress in employment and economic growth, in addition to adding a greater “uncertainty”On inflation. This was indicated in his appearance before the Senate […]
Fed’s Powell Sees Persistent Inflation, Downside Risk From COVID-19
Updated on 11/29/2021 06:25 pm The president of the Federal Reserve (Fed), Jerome PowellHe said he continues to expect high inflation to recede over the next year as supply and demand become better balanced, but cautioned that prices could continue to rise for longer than previously thought. “It is difficult to predict the persistence and […]
With Powell’s renomination in the Fed, attention is focused on the pace of reduction of bond purchases
As Federal Reserve (Fed) Chairman Jerome Powell prepares to spend four more years at the helm of the world’s most powerful central bank, the focus is on whether he and his colleagues will have to more quickly withdraw support from emergency to the US economy in the face of high inflation. By renominating Powell for […]
Bloomberg Editorial: Powell Is The Right Decision For The Fed
President Joe Biden was correct in his decision to nominate Federal Reserve Chairman Jerome Powell for a second term. It does not mean any irreverence towards Lael Brainard, to whom they were considered as an alternative. The White House says she will be nominated for vice president instead. They are both eminently capable central bankers, […]
Biden wants diversity at the Fed and has some options
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President Joe Biden promised that his nominations to the United States central bank will bring “new diversity“To the Federal Reserve, adding that”it is much needed and long awaited”. In the Fed’s 107-year history, only three black Americans have served as governors on the central bank board in Washington. After his appointment on Monday of the […]