Powell says there is 'no guarantee' Fed can tamp down inflation without hurting the job market
Federal Reserve Chair Jerome Powell said Wednesday there is "no guarantee" the central bank will be able to tackle inflation without sacrificing jobs.
Fed needs to 'act decisively to kill inflation': Bill Ackman
The billionaire hedge fund manager is reiterating his previous call for more aggressive action by the Federal Reserve to bring down inflation as consumer confidence sinks.
US likely in the 'front-end of a recession': Larry Kudlow
FOX Business host Larry Kudlow told 'Mornings with Maria' that the United States is "probably on the front-end of a recession" following the GDP release Wednesday.
GDP contraction deepens giving fresh recession clues amid soaring inflation
The final reading on first-quarter GDP came in worse than expected raising fresh concerns about the timing of a U.S. recession.
Wednesday's trading: 5 things to know
Here are the key events taking place on Wednesday that could impact trading, including the latest reading on economic growth and earnings reports.
US is already in a 'soft' recession: Economist Stephen Moore
Stephen Moore argued on Monday that the economic picture could get worse depending on the moves of the Federal Reserve and government in the second half of 2022.
San Francisco Fed president: Getting inflation down is ‘number one priority’
FOX Business' Edward Lawrence sits down with San Francisco Federal Reserve President Mary Daly to discuss inflation and the U.S. economy under President Biden.
Small business pain points to recession
Historic inflation is not mainly a result of Russia's war in Ukraine, and the Federal Reserve's interest rate hikes may cause a recession.
Former Obama economist warns stagflation threat level is 'highest in a long time'
A former Obama economist warned the U.S. economy could experience a return to 1970s-style stagflation as the Federal Reserve combats inflation with rate hikes.
All 33 major US banks pass Fed's annual 'stress tests'
The Federal Reserve found that all of the nation's 33 biggest banks passed its latest "stress tests," meaning they have enough capital to withstand a severe economic contraction.
Powell acknowledges Fed rate hikes could cause unemployment to climb
The Federal Reserve's battle on inflation could cause the unemployment rate to rise as Americans lose their jobs, Chairman Jerome Powell told Congress on Thursday.
Thursday's trading: 5 things to know
A series of events taking place on Thursday could impact trading including Fed Chairman Powell's testimony on Capitol Hill and weekly jobless claims numbers.
JPMorgan's mortgage business lays off, reassigns hundreds of employees as rates climb
Hundreds of employees in the bank's mortgage business have been caught in the crosshairs as the Federal Reserve has driven mortgage rates higher as it works to bring down inflation.
US 'slowing towards a recession,' if it's not already in one, former Kansas City Fed president warns
Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on whether the central bank can avoid a recession while trying to curb 40-year-high inflation.
Powell concedes Fed may trigger recession, calls soft landing 'very challenging'
Federal Reserve Chairman Jerome Powell conceded that avoiding a recession will be difficult as the U.S. central bank hikes interest rates to tame inflation.
Fed's inflation fight will likely lead to stagflation: Ray Dalio
Bridgewater Associates founder Ray Dalio is sounding the alarm that the Fed's efforts to bring down inflation will come at a great cost – stagflation.
Powell promises the Fed is 'strongly committed' to fighting inflation with more rate hikes
Federal Reserve Chairman Jerome Powell said on Wednesday that policymakers are committed to tackling inflation and will hike rates until consumer prices start to fall.
Stuart Varney: Big day for inflation fighting
FOX Business' Stuart Varney on the pain inflation has inflicted on everyday Americans as a result of Fed Chair Powell and the Biden administration's slow response.
Fed's Powell in congressional hot seat over inflation blunder
Republicans and Democrats on Capitol Hill are expected to skewer Federal Reserve Chairman Jerome Powell this week over the hottest inflation in four decades.
Wednesday's trading: 5 things to know
Here are the key events taking place Wednesday that could impact trading, including Fed Chair Jerome Powell's testimony before Congress.


















