The Latest Breaking News from Jerome Powell

Stocks end higher Wednesday ahead of a key 10-year bond auction later in the session and tomorrow's crucial December inflation report.

Federal Reserve Chairman Jerome Powell said nothing about rate hikes during a speech in Stockholm Tuesday. His silence spoke volumes.

Stock futures higher as Powell avoids rate bet pushback; Treasury's 10-year bond auction in focus as CPI data looms; Tesla seeks permission for $775 million Texas factory expansion; Apple looking to use in-house display screens amid self-reliance push and WWE shares extends gains as Vince McMahon tightens control grip.

New York (AFP) - Global stocks wavered Tuesday following a downcast World Bank economic forecast as investors hold their breath ahead of key inflation data and earnings reports.

The cost of living continues to climb and employers are still scrambling to find workers, but the Australian share market has jumped 1 per cent thanks to big miners and a rise on Wall Street.

The stock market held afternoon gains as a server and storage stock flashed a sell signal. Air pollution control stock broke out of a base.

Federal Reserve Chair Jerome Powell sought to draw a line around how far the central bank will use its powers to promote a greener economy, vowing it will not be a climate regulator.

London (AFP) - Stock markets wavered Tuesday after Federal Reserve officials signalled that further interest rate hikes were likely to cool sky-high inflation, prompting investors to take a cautious stance after recent gains.

The comments were part of a larger speech on the importance of an apolitical Fed.

The Federal Reserve has a limited role to play combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed central banks to take steps to limit lending to energy companies

There are only three levers that can depressurize affordability: Rising incomes, falling home prices, and falling mortgage rates.