Fed Reserve Chair Jeremy Powell

Ready to keep key rates unchanged for now on high inflation: Fed's Powell

The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday on the first day of a two-day appearance before Congress. After cutting its key rate a full percentage point in the final three months of last year, with the economy remaining strong, we do not need to be in a hurry to adjust our policy stance, Powell said in written remarks to the Senate Banking Committee. Powell's appearance comes as inflation is still above the Fed's 2 per cent target and the Trump administration is upending many long-time US policies by imposing tariffs on steel and aluminum and seeking to sharply cut government spending. President Donald Trump has also frequently attacked the Fed in the past, raising concerns about the Fed's historic independence from politics. Powell did not mention those policy changes in his statement, but said that the Fed's interest rate is well positioned to deal with

Fed guided by economic goals and law, not politics: Jerome Powell

Trump, who frequently criticized Powell and the Fed during his first term, again is testing those limits, saying last week that he'll "demand" immediate interest-rate cuts

Rates will over time reach neutral level, says US Fed chief Powell

"If the economy evolves broadly as expected, policy will move over time toward a more neutral stance," Powell said

US Fed cuts 50 bps rate: Here're key takeaways from Jerome Powell statement

US Fed rate cuts: The last time the Federal Open Market Committee (FOMC) cut by half percentage was in 2008 during the global financial crisis

Markets rise as Fed chief Jerome Powell's comments fuel global rally

Nifty rises 0.75% to reclaim 25,000

With Fed rate cut set, Powell to focus on explaining US economic conditions

Powell instead could provide some background for the public and markets to understand how the Fed will respond as the economy evolves

Asia stocks stutter as investors ponder US rates outlook, euro gains

US stocks on Friday ended lower after an early rally fizzled

Asia stocks rise on rate cut hopes, better-than-expected China's PMI data

Investors are a lot less dovish on the Fed, seeing little prospect of a move until September and even that is far from a done deal

Fed's balancing act could see rate cut in play even with sticky inflation

Others see a slowing economy and weakening job growth on the horizon, pushing the Fed to cut in order to support the labor market

'Long way to go': Federal Reserve Chair Powell points to more rate hikes

But a few big buyers in credit markets are calling Fed's bluff

Credit crunch, El Nino & DC deadlock to challenge Powell's recession bet

In Powell's view, the gravity-defying strength of American labor markets is smoothing the way for a soft landing, even after five percentage points of interest-rate hikes in little over a year

25 or 50 basis points will depend on coming economic data: Powell

January US job openings dip, but still high at 10.8 million

The next phase

Global financial conditions would tighten further

Powell's Jackson Hole speech leaves crypto investors in a tough spot

The total crypto market cap fell below $1 trillion after staying above it for over a month. Bitcoin fell below $20,000, and Ethereum slipped below $1,500

Indian markets may feel the pinch of Fed chief's hawkish comments: Experts

Last week, the Sensex and the Nifty shed over 1 per cent but were still up nearly 15 per cent from their June lows

Sensex rebounds 1,059 pts from day's low, ends 697 pts up; RIL leaps 2.5%

CLOSING BELL: Tech M, Tata Motors, BPCL, ITC, JSW Steel, PowerGrid, Bajaj Auto, Infosys, TCS, Bajaj Finserv, Bharti Airtel, Wipro and IndusInd Bank were the other gainers

Sensex slides 366 pts, Nifty below 16,500; auto stocks bleed; IT dazzle

CLOSING BELL: Ultratech Cement, HDFC Life, Asian Paints, Shree Cement, Eicher Motors, SBI Life, and Tata Consumer Products were the top laggards, down up to 6.5 per cent

Dollar posts biggest weekly rise in 7 months on rate bets

Dollar steadily rose in a week highlighted by a more hawkish tone coming out of a Federal Reserve meeting

US yields rise, Asian shares slump as Fed Chair Powell warns on inflation

The Federal Reserve has indicated it is likely to raise U.S. interest rates in March, as has been widely expected

Seven months and ticking, the case for keeping Powell as Fed chair builds

WASHINGTON (Reuters) - With the U.S. Federal Reserve in the midst of a complicated policy shift, central bank watchers see a renomination of Jerome Powell to a second 4-year term as Fed chief as increasingly likely, a view bolstered by Powell's standing within the Biden administration and a closely divided Senate.