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The Latest Breaking News from Jerome Powell

Dow Jones Futures Rise After 'Faster' Fed Chief Powell Hits Stocks; Tesla Falls On New Probe

Fed chief Jerome Powell signaled rate hikes will go higher and faster than previously expected. The major indexes fell sharply.

Investors Business Daily

RBA governor Philip Lowe says interest rate 'pause closer' with 'open mind' based on data

The Reserve Bank governor says the board is considering a pause after 10 consecutive interest rate rises, possibly as early as April, but the timing will depend on incoming economic data.

ABC News

Debt limit action needed by mid-August, analysts warn

Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Tribune News Service

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Dow Jones Plunges As Powell Makes This Pledge; Tesla Fightback Falters As Rivian Craters

The Dow Jones dived on comments by Fed Chair Powell. Tesla stock fell while rival EV maker Rivian Automotive plunged. JPMorgan Chase lagged.

Investors Business Daily

Powell warns of crypto risks, but doesn't want innovation stifled

The chairman added separately in a Senate hearing on Tuesday that the Fed could accelerate rate hikes in the coming year.

Fortune

Federal Reserve Chair Jerome Powell warns inflation fight will be long and bumpy

Speaking before the Senate Banking Committee, Powell warned the central bank may have to raise interest rates even more, sending stock markets sharply lower.

WEKU

Fed’s Powell tells senators rate hikes could go higher, come faster

WASHINGTON — Hot inflation data could lead the Federal Reserve to raise interest rates to higher levels and at an accelerated pace, Federal Reserve Chairman Jerome Powell told the Senate Banking Committee on Tuesday.

Tribune News Service

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US has ‘long way to go’ to reduce inflation, Fed chair tells Congress

‘Ultimate level’ of interest rates likely higher than anticipated, Jerome Powell says in Fed’s monetary policy report to Senate panel

The Guardian - US

Dow Jones Dives 450 Points As Powell Opens Door To Higher, Faster Rate Hikes; Tesla Price War Hits Warren Buffett Stock

Powell said the peak interest rate is likely to be higher than previously anticipated; Tesla's price war pummels a Warren Buffett stock.

Investors Business Daily

Fed Chair Powell Stokes Fear Of Half-Point Rate Hike; S&P 500 Falls

Fed chair Jerome Powell said more rate hikes are needed to douse a recent trend of firm inflation and hot job growth, hitting the S&P 500.

Investors Business Daily

Watch live: Federal Reserve chair Jerome Powell testifies before Senate committee

Watch live as the Federal Reserve chair delivers the semiannual monetary policy testimony before the Senate Banking Committee.

The Independent UK

Stocks Hammered As Powell Testimony Points to 50-Basis-Point March Rate Hike to Combat Sticky Inflation

" ... the ultimate level of interest rates is likely to be higher than previously anticipated.," said Fed Chair Jerome Powell.

The Street

US economy sending mixed signals: Here's what it all means

For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot

The Independent UK

Fed chair Jerome Powell opens the door to faster interest rate hikes

For the first time, Powell suggested the Fed could revert to a faster pace of hikes.

Axios

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Roll Call

Debt limit action needed by mid-August, analysts warn - Roll Call

Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act.

The Street

What to Expect From Jerome Powell's Senate Testimony

Wall Street waits as Jerome Powell heads to Capitol Hill on Tuesday to give his testimony in front of the Senate Banking Committee and update investors on his approach to interest rates.

Investors Business Daily

Dow Jones Sells Off As Powell Says Interest Rates Are 'Likely To Be Higher' Than Expected

The Dow Jones fell Tuesday on Federal Reserve chair Jerome Powell's comments. Facebook-parent Meta climbed on more planned layoffs.

StockNews.com

4 Stocks to Buy in Any Market Climate

The stock market is expected to remain volatile in the near term as investors remain anxious about the Fed’s actions. Amid high recession worries, fundamentally strong healthcare stocks, Pfizer (PFE), Bristol-Myers Squibb (BMY), Amgen (AMGN), and Elevance Health (ELV), which have the potential to withstand any market downturns, could be…

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Roll Call

Fed's Powell tells senators rate hikes could go higher, come faster - Roll Call

Federal Reserve Chairman Jerome Powell discussed the fight against inflation, cryptocurrencies, office vacancies and the debt limit.

The Street

Stocks Edge Higher, Powell Testimony, Meta Job Cuts, TikTok Ban, Japan Rocket Failure - 5 Things To Know

Stock futures edge higher with Fed in focus; Mr. Powell goes to Washington; Meta making more job cuts; Time's up for TikTok? And Tokyo, we have a problem.

The Guardian - UK

Markets rocked as Jerome Powell warns Fed could switch back to bigger interest rate rises –as it happened

Federal Reserve chair says US central bank would be prepared to increase the pace of rate hikes if data justified it

The Independent UK

Powell to face Senate grilling on Fed rates and inflation

If measures of the U.S. economy keep coming in hot, as they did in January, the Federal Reserve will likely have to raise interest rates even higher than it has already signaled — and keep them there longer — Chair Jerome Powell will likely warn in testimony to Congress on…

Investors Business Daily

Dow Jones Futures: Will Powell Testimony Threaten Stock Market Rally? Apple, Tesla In Focus

Dow Jones futures were little changed ahead of Tuesday's open. Federal Reserve Chair Jerome Powell will testify before Congress Tuesday.

Investors Business Daily

Dow Jones Fades Ahead Of Powell Testimony; Ferrari Overtakes Tesla As Leader; Apple Pops

The Dow Jones faded ahead of key testimony from Fed Chair Jerome Powell. Ferrari zoomed past Tesla stock. Apple stock was a top blue chip.

Fortune

Investors beware: Fed Chair Jerome Powell's comments this week could spark a major tech selloff, top analyst warns

“I’m a big believer in tech, but I think the first half of the year is going to be a difficult era,” Deepwater Asset Management's Munster warned Monday.

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