The Latest Breaking News from Jay Powell

Soaring interest rates have pounded most S&P 500 stocks. But a handful are thriving anyway — despite efforts by Fed chief Jay Powell.

Silicon Valley Bank and Credit Suisse only really have themselves to blame for their collapse, argued the native Scot.

The billionaire calls on the Fed to lower interest rates to avoid a new shock to the economy, a position at odds with the Wall Street consensus.

Powell's handling of the economy and banking regulations has left a lot to be desired for some critics.

Progressive Democrat launches offensive on politicians on the left and the right who supported Trump-era deregulation of US banks

Continuing to tighten monetary policy in this environment of bank blowups and declining consumer and business confidence is a surefire recipe for disaster.

Another hot jobs report should have consolidated bets on a 50 basis point Fed rate hike. Then came the SVB collapse.

For anyone trying to understand where interest rates and inflation are heading, it has been a strenuous few days. Jay Powell, chairman of US central bank the Federal Reserve, warned senators he may have to do more to fight inflation than expected, indicating the prospect of interest rates rising more…

Should BlackRock’s prediction prove true, borrowing costs would hit their highest level since 2001.

It’s time to brush up on yield curve inversions (again). They’ve predicted every recession since 1955.

Citadel's Ken Griffin said the Fed cannot work magic, so it must avoid making its job of tackling inflation harder by confusing markets.