Stay updated with breaking news from Powell Fed. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The US is either in recession already, or probably will be by the third quarter. This has sweeping consequences for the world’s dollarised financial system, for commodity demand and for global inflation.
🎧 The House committee investigating the Jan. 6 Capitol resumes today and the Avalanche are a win away from their first Stanley Cup in 21 years. Those headlines and more
Fed Chair Jerome H. Powell met skepticism as he sought to reassure a Senate panel about the Fed's efforts to tame inflation without causing a recession.
Federal Reserve Chair Jerome Powell sought Wednesday to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession.