Tag: Jerome Powell
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US National Debt Surpasses $35 Trillion, Servicing it Now Second-largest Budget Item
On July 29, for the first time in history, the U.S. national debt surpassed $35 trillion and servicing...
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Federal Reserve Somewhat Confident Inflation Is Returning to Normal Levels, Interest Rate Cut May Be
According to recent comments by Federal Reserve chair Jerome Powell, key U.S. inflation readings measured...
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Federal Reserve Hikes Interest Rates to Highest Level Since 2001
On July 26 (Wednesday), the U.S. Federal Reserve raised interest rates by 25 basis points. It’s the 11th...
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Global Economy Bets on China Learning to Live With COVID-19: Analysis
Those who believe the world economy can avoid the hardest of landings next year are watching China closely...
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Oil Prices Ease 1% as Dollar Firms and Central Banks Hike Interest Rates
Oil prices eased about 1 percent on Thursday as traders worried about the fuel demand outlook due to...
![Federal Reserve Board Chairman Jerome Powell testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill November 30, 2021 in Washington, DC.](https://img.visiontimes.com/2021/11/GettyImages-1356400652-768x512.jpg)
American Economy Could Be Headed Toward 1970s-Style Stagflation, Warns Economist
The United States is grappling with the highest levels of inflation in over thirty years. The Consumer...
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NY Fed Survey Reveals Inflation Expectations at Record Levels, Living Expenses Shoot Up
In its latest monthly survey, the Federal Reserve Bank of New York revealed that the short-term inflation...
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Federal Reserve to Begin Reducing Bond Purchases Beginning This Month
In a step towards withdrawing the massive support it has been providing to the financial markets and...
![Federal Reserve Chair Jerome Powell declined to take a stance on President Biden’s proposed $1.9 trillion coronavirus relief bill while testifying in front of the Senate Banking Committee.](https://img.visiontimes.com/2021/03/Fed-Chair-Powell-GettyImages-1228687677-768x512.jpg)
Fed Chair Powell Avoids a Stance on Biden’s $1.9 Trillion Pandemic Aid
Federal Reserve Chair Jerome Powell declined to take a stance on President Biden’s proposed $1.9 trillion...