Powell Heads for Senate Vetting Punctuated by Inflation Urgency
Jerome Powell is set to be grilled on the Federal Reserve’s sharpest shift toward monetary tightening in decades at a hearing Tuesday.
Jerome Powell is set to be grilled on the Federal Reserve’s sharpest shift toward monetary tightening in decades at a hearing Tuesday.
Rapid progress in the U.S. labor market and hawkish signals in minutes from Dec. suggest faster normalization, Goldman’s Jan Hatzius said.
As 2021 draws to a close, Sen. Elizabeth Warren (D-Mass.) has launched a Twitter attack against SpaceX and Tesla CEO Elon Musk.
Federal Reserve officials said a strengthening economy and higher inflation could lead to earlier and faster interest-rate increases.
Fed Reserve Bank of Minneapolis President Neel Kashkari said he supports two interest-rate increases this year to counter risks posed by inflation.
Powell and other policymakers at Federal Reserve said again, after recent December meeting, that they'll keep holding a key interest rate near zero.
President Biden visited with over 100 top business leaders and CEOs during first year in office. Most frequent guests: Ford, GM, JPMorgan, Walmart.