Federal Reserve

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.

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.

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.

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.