Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

The Latest Breaking News from Jerome Powell

May Jobs Report Keeps Fed on Track for Half-Point Rate Rises

The strong employment figures released Friday keep the Federal Reserve firmly on track to raise interest rates by a half-percentage point at its meeting in two weeks and again in late July to cool high inflation.

Bangkok Post

To avoid ‘historic shellacking’ in midterms, Biden is promoting a sunny view of US economy

Much of America does not seem to be buying the optimistic vision that Biden and his team are selling

The Guardian - US

Hiring might have slipped last month to a still-strong level

After months of robust hiring, U.S. employers might have pulled back slightly in May, to levels that would still be consistent with a healthy job market, despite high inflation and rising borrowing costs

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Treasury Secretary Janet Yellen says she was wrong about the risks of inflation

Treasury Secretary Janet Yellen tells CNN she was wrong about the trajectory of inflation during interviews a year ago.

WEKU

Stocks Edge Higher, Fed, Salesforce, Pfizer And Elon Musk - 5 Things You Must Know

Stock futures edge higher, but inflation worries linger; Fed begins 'quantitative tightening' with balance sheet run-off; Salesforce shares leap after Q1 earning beat, profit forecast boost; Pfizer to exit consumer healthcare JV with GlaxoSmithKline and Elon Musk weighs-in on work-from-home

The Street

Asian shares mixed after stocks retreat on Wall Street

Shares are mixed in Asia after a wobbly day on Wall Street closed out a month buffeted by worries about a possible recession, inflation and rising interest rates

The Independent UK

Treasury Secretary Janet Yellen: "I was wrong about the path inflation would take"

"There have been unanticipated and large shocks to the economy that have boosted energy and food prices," she told CNN.

Axios

Read news from The Economist, FT, and more,
with one subscription

Biden underscores Fed’s ‘independence’ during Powell meeting

The White House is in need of solutions to quell the highest inflation in 40 years and soaring petrol and food prices.

Al Jazeera

US consumer confidence slips in May

U.S. consumer confidence edged down in May as Americans’ view of their present and future prospects dimmed in the midst of persistent inflation

The Independent UK

Biden to meet Fed chair as inflation bites pocketbooks

President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks

The Independent UK

Biden to meet with Powell to discuss economy as inflation bites

WASHINGTON — President Joe Biden will hold a rare Oval Office meeting on Tuesday with Federal Reserve Chair Jerome Powell amid the highest inflation in decades, which has angered Americans and hurt his standing with voters.

Tribune News Service

Key inflation gauge slowed to still-high 6.3% over past year

An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020

The Independent UK

The Federal Reserve's 'Most Anticipated' Recession In History May Be Coming

Fed chief Jerome Powell is warning that the U.S. economy may face a period of "pain" as unemployment rise to control inflation. Is a recession inevitable?

Investors Business Daily

Fed Minutes Opinion: Powell Wields Interest Rate Hammer In A World Of Inflation Screws

Fed Chairman Jerome Powell has raised his inflation hammer, vowing sharp rate hikes to slow the fastest U.S. inflation in forty years. It won't work.

The Street

Get all your
news in one place.

100’s of premium titles.
One news app.

The Street

Stocks Mixed, Fed Minutes, Nordstrom, Wendy's, Nvidia In Focus - Five Things You Must Know

Stock futures mixed ahead of Fed minutes, bond yields slide; Fed minutes in focus as markets wilt under rate pressure; Nordstrom shares leap after solid Q1 sales, forecast boost; Wendy's shares surge as activist Nelson Peltz plots takeover and Nvidia edges lower ahead of Q1 earnings

Bangkok Post

Higher Interest Rates Raise Risk of Future Fed Losses

The Federal Reserve's plans to raise interest rates aggressively to combat high inflation could have an overlooked and uncomfortable side effect for the central bank: capital losses.

Tribune News Service

Biden adviser says US economy can withstand Fed inflation fight

White House economic adviser Brian Deese stopped short of ruling out a U.S. recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job.

Investors Business Daily

Stock Market Rally Under Pressure As Walmart, Target Crash On Inflation Woes: Weekly Review

A newly confirmed stock market rally immediately came under heavy pressure as Walmart and Target warnings slammed the major indexes.

Get all your
news in one place.

100’s of premium titles.
One news app.

Axios

Jerome Powell is living rent free in my head

I planned to renovate my kitchen. Then the Fed started raising rates.

Reason

Jerome Powell, Who Wildly Misjudged Inflation, Is Overwhelmingly Reconfirmed as Fed Chair

There is seldom any meaningful accountability for government incompetence.

Axios

What stagflation means and what Biden could do about it

High inflation tends to break out when economic growth is really roaring.

The Guardian - UK

FTSE 100 slide as recession fears weigh on markets – as it happened

Rolling coverage of the latest economic and financial news, as European stocks drop after Wall Street’s worst day since 2020

The Street

Crypto Prices Tumble as Stock Market Falls

Cryptocurrencies are falling as inflation fears and a slump in retail stocks pull down the stock market.

The Independent UK

Biden's burdens grow: Sagging global economy adds to US woes

President Joe Biden embarks for Asia on Thursday facing a new risk for the economy at home: a global economic slowdown caused by Russia’s invasion of Ukraine and the pandemic shutting down Chinese cities and factories

Benzinga

Dogecoin Daily: Price Heads Lower, Why You 'Shouldn't Send Your Coins' To Elon Musk And More

Dogecoin (CRYPTO: DOGE) traded 3.2% lower at $0.086 over 24 hours leading up to early Wednesday morning. DOGE slipped into the red alongside other major coins as the global cryptocurrency market cap declined 3.5% to $1.27 trillion.

1 … 97 98 99 100

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.