Jerome Powell
Gold hits new record high on Fed rate cut bets
Gold hit another fresh record high yesterday as investors grow confident that the Federal Reserve will cut interest rates this year, even after data showed a slight uptick in a key inflation report.
The precious metal has enjoyed healthy buying interest this year as the U.S. central bank hints at an easing of credit conditions.
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Traders await Fed’s Jackson Hole conference
Traders in markets are looking ahead to the Federal Reserve's summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation.
Fed officials have used the Jackson Hole, Wyoming, conference in previous years to indicate changes in policy direction.
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US Fed lifts rates to highest since 2001 and hints at more to come
The U.S. Federal Reserve raised its benchmark lending rate on July 26 to the highest level since 2001 to tackle above-target inflation, and signaled it could hike again later this year amid improving economic prospects.
Fed raises key rate by quarter-point despite bank turmoil
The Federal Reserve extended its year-long fight against high inflation on March 22 by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking system.
US Fed chair admits recession a ‘possibility’
The United States economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession, Federal Reserve Chair Jerome Powell has cautioned.
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Fed’s aggressive rate hikes raise likelihood of a recession
Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it.
Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession.
The United States announced the Largest Increase in Interest Rates since 1994
The US Federal Reserve has announced the most aggressive rate hike in nearly 30 years and has announced readiness for a new increase next month as a major step in the fight against rising inflation.
US Fed makes biggest rate increase since 2000 to fight inflation
The Federal Reserve on May 4 announced its biggest rate hike since 2000, with a half percentage point increase as it works to crush soaring US inflation.
Fed gears up to attack inflation as US recession fears grow
The Federal Reserve this week is set to redouble its assault against record U.S. inflation while facing an array of shocks both internal and external that analysts fear may one day put the world's largest economy into a recession.
Federal Reserve approves stricter trading rules
The Federal Reserve on Feb. 18 formally adopted sweeping new rules that will limit the ability of its top officials to invest in financial markets, a change intended to prevent conflicts of interest involving investments affected by Fed policies.
The stricter rules were developed after an outcry last year over questionable trades that were made by several top Fed policymakers.
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