Elizabeth Warren demands Fed's Powell release more details on trading scandal
Sen. Elizabeth Warren called on the Federal Reserve in a Monday letter to release more information about financial trades made by several top officials at the onset of the coronavirus pandemic, when the central bank was pumping trillions of dollars into the U.S. economy.
Stocks fall, bond yields rise as investors get taste of 2022
Stock investors got a sharp reminder that higher interest rates are coming. How fast and how high remains the wildcard.
Fed's Bullard backs March interest rate hike, citing 'unanticipated' inflation shock
St. Louis Federal Reserve President James Bullard said Thursday that he sees an initial interest rate increase happening as soon as March as the U.S. central bank seeks to quell the hottest inflation in four decades.
Fed eyes faster interest rate liftoff, balance sheet reduction as inflation soars
Most Federal Reserve officials agreed last month that surging inflation and a rapidly recovering labor market could warrant a faster-than-expected interest rate hike as policymakers seek to wind down pandemic-era support for the U.S. economy.
Jerome Powell faces turbulent 2022 as Fed walks economic tightrope
Federal Reserve Chairman Jerome Powell is entering 2022 with the American economy on shaky ground, teeing up a challenging year for the U.S. central bank as it accelerates its withdrawal of support, all while navigating the ever-changing landscape of the coronavirus pandemic.
Larry Summers says Fed still ‘behind the curve’
The Federal Reserve may need to get more radical says Larry Summers.
Cryptos bounce as Powell calls them speculative, but not a risk to financial stability
Bitcoin is trading higher Thursday morning following a jump on Wednesday afternoon after the conclusion of the Fed's final policy meeting of the year and Chairman Jerome Powell's press conference.
Fed’s Powell talks inflation, interest rates
Fed Chair Powell faces the music as inflation runs wild despite earlier views of it being "transitory" even as gas and food prices soar.
Fed doubles taper rate, eyes three interest rate hikes in 2022 as inflation soars
The Federal Reserve on Wednesday announced plans to accelerate the wind down of its aggressive bond-buying program, opening the door to interest-rate liftoff in the first half of next year as policymakers seek to combat the hottest inflation in four decades.
Fed expected to speed up taper timeline this week as inflation hits 39-year high
Federal Reserve officials on Wednesday are expected to lay out plans to begin accelerating the winding down of their massive bond-buying program as they seek to remove the crutches from the U.S. economy in order to combat the hottest inflation in four decades.
Fed to lift rates in Q3 next year, but risk comes sooner: Reuters poll
The U.S. Federal Reserve will raise rates in the third quarter of next year, earlier than expected a month ago, according to economists in a Reuters poll who mostly said the risk was that a hike comes even sooner.
Fed poses bigger risk to stocks than omicron variant, Morgan Stanley says
The newest coronavirus variant may have fueled stock-market volatility in recent days, but Morgan Stanley analysts are arguing that stock investors should be more concerned about the Federal Reserve and its newfound response to the "on fire" economic data.
Dow sinks 462 points as omicron US case rocks stocks
ADP job growth was solid but the omicron variant is kicking up volatility for US investors.
Fed's Powell pledges faster tapering timeline won't 'disrupt' markets
Federal Reserve Chairman Jerome Powell assured lawmakers on Wednesday that a move by the U.S. central bank to speed up its withdrawal of support for the U.S. economy should not disrupt the markets, one day after his comments precipitated a massive nosedive on Wall Street.
Supply chain bottlenecks, labor shortage holding back US economy, Fed's Beige Book says
Supply chain bottlenecks and a worsening labor shortage threatened to undermine the U.S. economic recovery from the coronavirus pandemic this fall, according to a new Federal Reserve report.
Fed Chair Powell to tell Congress that omicron variant could threaten U.S. economic recovery
Federal Reserve Chairman Jerome Powell is set to tell Congress on Tuesday that the omicron variant could threaten the U.S. labor market and cloud the inflation forecast.
Jobs report, Yellen Powell CARES Act hearing, Dollar General earnings top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Fed prepared to hike interest rates if inflation remains elevated, minutes show
Federal Reserve officials raised concern last month about hotter-than-expected inflation and signaled they could raise interest rates if consumer prices continue to soar.
Powell pledges to use Fed's arsenal to prevent entrenched inflation after renomination
Jerome Powell on Monday pledged to use the Federal Reserve's full arsenal to prevent faster inflation from becoming more permanent after President Biden renominated him to another four years at the helm of the U.S. central bank.
What could Jerome Powell's Fed chair nomination mean for interest rates in 2022?
President Joe Biden announced on Monday that he will nominate Federal Reserve Chairman Jerome Powell to serve a second term. Here's what that could mean for interest rates.