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.
Vice President Kamala Harris voted against Jerome Powell's first nomination as Fed Chair in 2018
Vice President Kamala Harris voted against Jerome Powell’s first nomination to lead the Federal Reserve during her time in the Senate in 2018 -- a vote resurfacing as President Biden announced his intent to nominate him for a second term.
Traders gear up for June interest rate hike after Biden renominates Powell
Wall Street is bracing for the Federal Reserve to raise interest rates from near-zero in June after President Biden on Monday picked Jerome Powell to lead the central bank for another four years.
Economist Steve Moore on Fed announcement: Brainard 'would have been a disaster'
FreedomWorks economist Stephen Moore argued on Monday, shortly after President Biden announced that he will nominate Jerome Powell to a second term as chairman of the Federal Reserve, that Lael Brainard “would have been a disaster” in the role.
Biden taps Fed’s Lael Brainard for vice chair: What to know
President Biden has tapped the Fed's Jerome Powell and Lael Brainard for top roles.
Biden taps Jerome Powell for second term as Fed chair, spurning progressives
President Biden will nominate Jerome Powell to a second term as chairman of the Federal Reserve, signaling that he believes the battle-tested central bank chief is the best person for one of the most high-stakes jobs in the world.
Biden says Fed chair announcement coming in 'about 4 days'
President Biden's announcement on his pick to chair the Federal Reserve for the next four years is "imminent," Senate Banking Chairman Sherrod Brown said Monday.
Inflation will likely get worse before it starts improving, Goldman warns
American consumers are grappling with the fastest price increases in decades, with the cost of everything from cars to gasoline to food surging nationwide.
Fed faces fresh pressure to raise interest rates as inflation hits 30-year high
The Federal Reserve for months has taken a patient stance on hotter-than-expected inflation, reiterating frequently that a months-long surge in consumer prices is transitory and that raising interest rates too soon risks the U.S. from achieving full jobs recovery.
Randal Quarles to leave the Fed in December, opening door for Biden to further reshape central bank
Federal Reserve Governor Randal Quarles announced Monday that he is stepping down from his post in December, leaving an additional seat open that will allow President Biden to further reshape the U.S. central bank.
Fed’s Powell on jobs needed to fix labor market
More robust job growth is needed to ease America’s ‘Great Resignation’ which has workers quitting jobs at a record pace.
Fed Chair Powell seen visiting White House on Thursday
Federal Reserve Chairman Jerome Powell was seen visiting the White House on Thursday, according to people familiar with the matter.
Fed's Powell suggests inflation spike could last until well into next year
Federal Reserve Chairman Jerome Powell said Wednesday that surging inflation may not fade until the latter half of 2022, but maintained that wild swings in consumer prices will stop once current pressures on the supply chain dissipate.
Fed decision, Powell press conference: Recap
Federal Reserve policymakers delivered a fresh assessment of the U.S. economy and the state of inflation.
Fed to taper bond purchases by $15B a month as it unwinds pandemic-era stimulus
The Federal Reserve on Wednesday announced plans to begin slowing its aggressive bond-buying program by $15 billion a month, the first step that policymakers will take in reversing a historic level of stimulus for the U.S. economy.
Fed poised to start unwinding pandemic-era policy with inflation at 30-year high
Federal Reserve officials on Wednesday are expected to lay out plans to begin slowing their aggressive bond-buying program as soon as this month, the first step that policymakers will take in dialing back pandemic-era support for the U.S. economy.
Biden still undecided on renominating Jerome Powell as Fed chief
President Biden on Tuesday declined to say whether he planned to renominate Jerome Powell as chairman of the Federal Reserve as surging inflation and a worsening labor shortage weigh on the economy's recovery from the coronavirus pandemic.