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Stories Tagged as

Jerome Powell

Big banks set to give investors good earnings news

by Andy Uhler
Jan 10, 2022
Bank investors expect continued strength in 2022 because yields on loans could rise along with Federal Reserve rate hikes.
Bank profits may increasingly be driven by trading, investment and cryptocurrency rather than consumer lending.
Justin Sullivan via Getty Images
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How Fed "tapering" can make mortgages more expensive

by Sabri Ben-Achour
Dec 2, 2021
It opens the door to interest rate hikes.
Homebuyers have been benefiting from low interest rates. The Federal Reserve's plan to reduce bond purchases may change that.
Saul Loeb/AFP via Getty Images
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Biden seeks to keep Powell in place, elevate Brainard at Federal Reserve

by Sabri Ben-Achour
Nov 22, 2021
Brainard will be nominated for vice chair. The two officials typically agree on monetary policy but sometimes diverge on regulation.
President Joe Biden names Jerome Powell, left, as his nominee for Federal Reserve chair and Lael Brainard, right, as vice chair.
Jim Watson/AFP via Getty Images
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Is Jerome Powell's job as Federal Reserve chair in jeopardy?

by Kai Ryssdal and Sean McHenry
Oct 20, 2021
Critics have intensified calls for a new Federal Reserve chair following Powell's financial disclosures, says Rachel Siegel of The Washington Post.
Some are calling for a new Fed Chair following release of Powell's financial disclosures. Above, Fed Chair Jerome Powell visiting Capitol Hill on Oct. 6.
Kevin Dietsch via Getty Images
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Raising the Debt Ceiling

What happens if we crash through the debt ceiling?

by Nancy Marshall-Genzer
Oct 4, 2021
The Fed could buy defaulted Treasuries or swap Treasury bonds that weren’t in default for those that were.
Federal Reserve Chair Jerome Powell speaks at a House hearing Thursday. Although the central bank has prepared for potential government defaults before, Powell warned lawmakers of the limits of the Fed's response.
Al Drago-Pool via Getty Images
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Does the Federal Reserve have the power to fight climate change?

by Kai Ryssdal and Andie Corban
Sep 17, 2021
The central bank can "be an assist" on climate risk, says economist Claudia Sahm, but Congress sets the priorities.
Federal Reserve Chair Jerome Powell. The Fed can do research and integrate climate risk into bank stress tests, economist Claudia Sahm says. But mainly it "follows orders; Congress tells it what to do."
Drew Angerer via Getty Images
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Debate over Fed's role in shaping unequal economy expected at Jackson Hole

by Sabri Ben-Achour
Aug 24, 2021
Wrapped up in this year's theme — "Macroeconomic Policy in an Uneven Economy" — is years of debate and controversy over who the economy serves.
People walk outside of the New York Stock Exchange in August 2016. At the Fed's Jackson Hole summit, economists expect discussions about the Fed's role in minimizing inequality.
Spencer Platt via Getty Images
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Fed sees faster time frame for rate hikes as inflation rises

by Associated Press
Jun 16, 2021
The central bank raised its inflation forecast to 3.4% by year-end and expects to hike its benchmark interest rate twice by late 2023.
Alex Wong/Getty Image
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COVID-19

Fed Chair: Rise in inflation not "particularly large" from $1.9 trillion rescue package

by Katherine Wiles
Mar 23, 2021
Powell told lawmakers Tuesday that the “effect on inflation will be neither particularly large nor persistent,” from the $1.9 trillion rescue plan.
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the House Financial Services Committee Tuesday.
Screengrab via Youtube
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Are we in a housing bubble?

by Amy Scott
Jan 29, 2021
Prices are soaring, but economists expect market conditions to change.
Is the price surge a blip? Many economists say the market conditions behind it are temporary.
David McNew/Getty Images
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