Jerome Powell Archives - Page 2 of 2

Defaults to Soar amid ‘Extremely High’ Recession Risk and Rising Borrowing Costs

Credit defaults in the United States are expected to soar as borrowing costs continue to rise amid an "extremely high" risk of recession, a group of finance industry leaders is warning. An association of fund managers issued a dire prediction about the growing risk of credit defaults. The International Association…

Jerome Powell: Fed Is ‘Acutely Focused’ on Fighting Inflation

Federal Reserve Chairman Jerome Powell has insisted that curbing inflation and restoring stability to the U.S. dollar is one of the Fed's highest priorities. Powell spoke before the Board of Governors of the Federal Reserve on Friday. Speaking in his customary address to the Fed’s Board, Powell made a point…

Powell: Fed to Raise Interest Rates without ‘Hesitation’ until Inflation Eases

Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down. Powell said the Fed is committed to fighting inflation during an interview at The Wall Street Journal’s Future of Everything Festival. “We will go until we…