Powell defends Fed's inflation stance as GOP lawmakers cast doubt
Federal Reserve Chairman Jerome Powell on Thursday defended the U.S. central bank's decision to keep in place the ultra-easy policy measures implemented last year during the COVID-19 pandemic, even as inflation surges to the highest level in 13 years.
Sen. Toomey blasts Fed on inflation record
Sen. Pat Toomey on Thursday took aim at the Federal Reserve’s shaky record on inflation during his opening statement at the Senate Banking Committee’s hearing with chairman Jerome Powell.
Atlanta Fed takes hit from lawmakers over 'wokeness'
Some Republican lawmakers worry Atlanta Fed President Raphael Bostic is too focused on his “woke” agenda as inflation rages at levels not seen in decades.
Stock futures trade mixed ahead of economic data, bank earnings
U.S. equity futures are leaning toward a mixed trading session on Thursday.
Fed Chair Powell hints on digital dollar timing
Federal Reserve Chairman Jerome Powell said that the central bank was advancing research and public outreach regarding its own digital dollar – and a white paper could be released this fall.
Fed's July Beige Book finds economy strengthened, but shortages more widespread
The Federal Reserve released its July Beige Book on Wednesday, finding that while the economy has continued to strengthen since late May, shortages in labor and supplies have become more widespread.
Top GOP lawmaker endorses Jerome Powell for second Fed term
The top Republican on the House Financial Service Committee on Wednesday threw his weight behind the renomination of Jerome Powell to a second, four-year term as the chairman of the Federal Reserve.
Powell says Fed 'a ways off' from tapering economic support
Federal Reserve Chairman Jerome Powell plans to tell Congress on Wednesday that the U.S. economy is "a ways off" from where it needs to be in order for policymakers at the U.S. central bank to begin scaling back the massive monthly bond purchases.
Stocks finish mixed as Fed's Powell says rates will remain low
U.S. equity markets ended mixed after Federal Reserve Chairman Jerome Powell said the central bank expects to keep rates low for the foreseeable future.
Stock futures trade mixed ahead of bank earnings, Fed testimony
U.S. equity futures are trading mixed ahead of Federal Reserve Chairman Jerome Powell's two-day testimony before Congress.
Wall Street isn't so sure inflation will be transitory
Inflation is running hot after consumer prices surged more than expected in June.
Fed ‘binge’ created inflation ‘whirlwind’: Steve Forbes
Steve Forbes argues inflation is here to stay.
Analyst slams Fed over inflation expectations: Powell 'way off the plot'
Fitz-Gerald Group CIO Keith Fitz-Gerald on the Federal Reserve and inflation.
Used car prices steer toward Fed Chairman Powell’s inflation hunch
Used car prices are muscling their way onto the watchlists of some of the nation’s most sophisticated economic forecasters, most notably, the Federal Reserve.
Virgin Galactic, CPI, JPMorgan, Wells Fargo earnings lead week ahead
Investors will eye Richard Branson's historic Virgin Galactic liftoff, fresh inflation data and earnings from JPMorgan and Goldman Sachs.
Fed says shortages of materials, hiring problems holding back recovery
Shortages of materials and "difficulties in hiring" are holding back the U.S. economic recovery from the coronavirus pandemic and have driven a "transitory" bout of inflation, the Federal Reserve said on Friday.
Treasury rates drop amid Fed talks on economic stimulus – here’s what that means for interest rates
The minutes from the most recent Federal Reserve meeting sent Treasury yields tumbling. Here's what that means for you.
Gold investors call Fed’s inflation bluff
Gold investors are taking the wheel, setting the precious metal up for a major rally as investors realize the Federal Reserve is powerless against rising and persistent inflation, according to one strategist.
Forget inflation – deflation could rear its ugly head soon
Record price gains across large swaths of the economy have left many investors bracing for a period of sustained inflation, causing them to overlook the growing threat of deflation, according to some economists.
Dow futures tumble in stock selloff, yields slide
U.S. stocks are set for a rocky session as traders weigh uncertainty over economic data and an uptick in COVID variants overseas.


















