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Jerome Powell

American central banker, and 16th Chairman of the Federal Reserve in the United States

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Jerome Powell: American central banker, and 16th Chairman of the Federal Reserve in the United States
Jerome Hayden "Jay" Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate.

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Powell: Virus resurgence harming recovery [Video]

Powell: Virus resurgence harming recovery

Federal Reserve Chairman Jerome Powell on Wednesday repeated his pledge to use a "full range of tools" to support the U.S. economy and keep interest rates near zero for as long as it takes to recover..

Credit: Reuters Studio     Duration: 02:24Published
Fed Chair To Congress: Do These Three Things Now To Save The US Economy [Video]

Fed Chair To Congress: Do These Three Things Now To Save The US Economy

The US Federal Reserve is expected to remain apolitical and stay out of the business of Congress. Even so, President Donald Trump has repeatedly jeered at Fed Chair Jerome Powell, even going so far as..

Credit: Wochit News     Duration: 00:39Published
Powell: strength, pace of recovery depends on virus [Video]

Powell: strength, pace of recovery depends on virus

A full U.S. economic recovery will not occur until the American people are sure that the novel coronavirus epidemic has been brought under control, Federal Reserve Chairman Jerome Powell told Congress..

Credit: Reuters Studio     Duration: 02:40Published
Powell: U.S. entering second phase of economy reopening [Video]

Powell: U.S. entering second phase of economy reopening

Federal Reserve Chair Jerome Powell on Tuesday testified before the Senate Banking Committee and said that the U.S. economy appears to be entering the second phase of reopening assuming the virus..

Credit: Reuters Studio     Duration: 01:23Published

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Powell warns long downturn would mean severe damage

Federal Reserve Chairman Jerome Powell warned Tuesday that the U.S. economy faces a deep downturn with "significant uncertainty" about the timing and strength of a recovery. (June 16)  
USATODAY.com - Published

Fed Chair Powell says strong job market can reduce U.S. racial inequality

The best way the Federal Reserve can help reduce racial inequality is to return the U.S. labor market to its pre-coronavirus strength, U.S. Fed Chair Jerome Powell said on Tuesday, as he sidestepped..
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Citing 'significant uncertainty' about rebound from pandemic, Fed's Powell vows to keep interest rates near zero

Powell says Fed will will keep interest rates near zero until the economy recovers, noting "significant uncertainty" about the strength of the rebound.
USATODAY.com - Published

Fed shifts tone from repeated lockdown fears to jobs focus

At Fed Chair Jerome Powell's policy meeting press conference six weeks ago he talked repeatedly about the possibility of second and third waves of the novel coronavirus in the months ahead and the..
Reuters - Published

Better three months late than never for Fed 'Main Street' loans, Powell says

It is not too late for small and medium-sized U.S. businesses to benefit from the Federal Reserve's "Main Street" lending program, Chair Jerome Powell said on Wednesday, even though its launch in the..
Reuters - Published

'Worse than any recession since World War II': Mnuchin, Powell grilled on coronavirus response

Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell faced an array of questions from senators on the response to the pandemic.
USATODAY.com - Published

Fed, Treasury chiefs face heat over uneven U.S. coronavirus response

Federal Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin found themselves in the hot seat on Tuesday as U.S. lawmakers grilled them about the uneven nature of the fiscal response to..
Reuters - Published

Powell, Mnuchin face Senate grilling on U.S. coronavirus response

The U.S. government's handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome..
Reuters - Published

Mnuchin's testimony, Missouri execution, NFL's reopening plans: 5 things to know Tuesday

Steven Mnuchin and Jerome Powell will give virtual testimony, the pause in U.S. executions is likely to end and more news you need to know Tuesday.
USATODAY.com - Published

Powell: Recovery may begin by summer, will likely be slow

powell: recovery may begin by summer, will likely be slow
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell expressed optimism Sunday that the U.S. economy can begin to recover from a devastating recession in the second half of the year, assuming the..
WorldNews - Published

Fed's Powell: 'Medical metrics' most important data for U.S. economy now: CBS

The most important data for the U.S. economy right now are the "medical metrics" around the coronavirus pandemic, Federal Reserve Chairman Jerome Powell said Sunday night in broadcast remarks where he..
Reuters - Published

Fed chairman Powell warns downturn 'may last until late 2021'

Federal Reserve Chairman Jerome Powell said a full rebound may not be possible until a vaccine is made.
BBC News - Published

Fed Chair Says Economic Recovery May ‘Stretch’ Through End of 2021

In a clip from the show “60 Minutes,” Jerome H. Powell painted an image of a slow economic recovery.
NYTimes.com - Published

Fed's Powell says full economic recovery may require coronavirus vaccine: CBS

Federal Reserve Chairman Jerome Powell said a U.S. economic recovery may stretch deep into next year and a full comeback may depend on a coronavirus vaccine.
Reuters - Published

Seven weeks into coronavirus lockdowns, Fed has a new, darker message

One Thursday morning seven weeks ago, Federal Reserve Chair Jerome Powell made a rare appearance on NBC's "Today Show" to offer a reassuring message to Americans dealing with economic fallout from..
Reuters - Published

Wall Street ends down on Powell's sober outlook, call to Congress for help

The S&P 500 closed lower for the second day in a row after Federal Reserve Chairman Jerome Powell warned on Wednesday of extended economic weakness due to the coronavirus pandemic and called for..
Reuters - Published

Wall Street falls on Powell's grim outlook

Wall Street's main indexes fell on Wednesday after Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes due to the coronavirus pandemic.
Reuters - Published

Powell warns of prolonged recession from pandemic

U.S. Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent..
USATODAY.com - Published Also reported by •Reuters

S&P 500, Dow slip after Powell's somber outlook on economy

The S&P 500 and Dow slipped on Wednesday as Federal Reserve Chairman Jerome Powell warned of an extended period of weak growth and stagnant incomes, while he also dismissed speculation over negative..
Reuters - Published

Fed's Powell warns of prolonged economic weakness, calls for more fiscal support

Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, warned on Wednesday of an "extended period" of weak growth and stagnant incomes,..
Reuters - Published

Powell: Fed not looking at negative rates

Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the country could face an "extended period" of weak growth and..
Reuters - Published

Equities slide, bonds rise, on Fed warning of prolonged recession

Stock markets slid on Wednesday as fears about a second wave of coronavirus infections and as warnings from Federal Reserve Chairman Jerome Powell that the U.S. faces a "significantly worse" recession..
Reuters - Published

S&P 500, Dow open lower as markets digest Powell comments

The S&P 500 and Dow Jones fell shortly after the open on Wednesday as Federal Reserve Chairman Jerome Powell warned of a prolonged recession due to the coronavirus and dispelled speculation over..
Reuters - Published

Instant view: Powell: Brace for 'extended period' of economic woe

Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the country could face an "extended period" of weak growth and..
Reuters - Published

Futures turn negative as Fed's Powell warns of prolonged recession

Dow and S&P futures turned negative on Wednesday as Federal Reserve Chairman Jerome Powell warned of a prolonged U.S. recession due to the coronavirus outbreak in his prepared remark before the..
Reuters - Published

Fed's Powell says economy may face 'extended period' of weak growth

Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, said on Wednesday the country could face an "extended period" of weak growth and..
Reuters - Published

Futures climb ahead of Fed Chair Powell's address

U.S. stock index futures rose on Wednesday, after Wall Street's main indexes fell sharply in the previous session, with markets also awaiting comments from Federal Reserve Chairman Jerome Powell amid..
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Fed's Powell to assess next phase of pandemic economy

Federal Reserve Chair Jerome Powell, having overseen the rapid creation of the central bank's massive network of pandemic-era programs, turns his attention Wednesday morning to where things stand on..
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'W-shaped' recovery may be too optimistic, Fed's Powell suggests

Federal Reserve Chair Jerome Powell has sketched out an altogether bumpier ride for the U.S. economy than many are predicting - one that sees business activity stop and start for months to come, until..
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Wall Street rallies on promising coronavirus drug

U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair..
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Schumer urges Fed's Powell to open loan programs to nonprofits, local governments

U.S. Senate Democratic leader Chuck Schumer said he had urged Federal Reserve Chairman Jerome Powell in a phone call on Monday to open Fed's Main Street Lending program to nonprofits and local..
Reuters - Published

US economy purged 17 mn jobs amid pandemic

us economy purged 17 mn jobs amid pandemic
Washington: US unemployment is rising at a jarring rate, with data released Thursday showing 17 million people have lost their jobs since mid-March as officials scramble to apply a tourniquet to stem..
WorldNews - Published

Fed's Powell to update on economy and coronavirus crisis response

Federal Reserve Chair Jerome Powell - one of the key architects of the unprecedented effort underway to shield the U.S. economy from the coronavirus outbreak - may shed more light on the Fed's..
Reuters - Published

Coronavirus live updates: US death toll nears 13K; Los Angeles to require face masks; jubilant Wuhan, China marks end of lockdown

Coronavirus claims beloved singer John Prine. Wuhan celebrates lockdown end. Surgeon General Jerome Powell seems more optimistic. More news Wednesday.
USATODAY.com - Published

Fed's Powell says virus to dictate when U.S. economy reopens

U.S. Federal Reserve Chair Jerome Powell told Americans on Thursday progress in controlling the spread of the coronavirus would determine when the economy reopens but assured them the Fed was taking..
Reuters - Published

Fed's Powell: U.S. may be in recession, control of virus to dictate timing of economy reopening

The U.S. "may well be in recession" but progress in controlling the spread of the coronavirus will dictate when the economy can fully reopen, Federal Reserve chair Jerome Powell said Thursday in an..
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Powell's whatever-it-takes pledge puts limits of Fed's reach in spotlight

Federal Reserve Chair Jerome Powell's message in announcing a barrage of monetary policy and liquidity actions was clear: The U.S. central bank will use all the tools at its disposal to keep credit..
Reuters - Published

Trump says he has the right to dismiss or demote Fed Chairman Powell

trump says he has the right to dismiss or demote fed chairman powell
President Donald Trump’s fury at the Federal Reserve again spilled into public view on Saturday when the president asserted he had the power to demote or even dismiss the central bank’s chairman,..
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Follow the Fed? Why central banks will not be rushed on coronavirus response

Will the world's big central banks leave U.S. Federal Reserve Chair Jerome Powell hanging? They are certainly going to try.
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Fed makes emergency rate cut as coronavirus spreads

The U.S. Federal Reserve cut interest rates on Tuesday in a bid to shield the world's largest economy from the impact of the coronavirus, though Fed Chair Jerome Powell suggested the threat to the..
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Federal Reserve Announces Emergency Rate Cut Amid Coronavirus Outbreak, First Unscheduled Cut Since 2008 Recession

federal reserve announces emergency rate cut amid coronavirus outbreak, first unscheduled cut since 2008 recession
The U.S. Federal Reserve cut interest rates by a half percentage point Tuesday morning to push back against a recent economic downturn directly tied to the coronavirus illness. Tuesday's cut lowers the..
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Powell says coronavirus outbreak poses material risk to outlook

Federal Reserve Chair Jerome Powell on Tuesday said the coronavirus poses a material risk to the economic outlook, and that change to the balance of risks drove the U.S. central bank to deliver its..
Reuters - Published

Powell says Fed ready to act as coronavirus poses 'evolving' economic risks

Federal Reserve Chair Jerome Powell on Friday said the central bank will "act as appropriate" to support the economy in the face of risks posed by the coronavirus epidemic, though he said the economy..
Reuters - Published

Fed Chair Powell: Will ‘use our tools’ to support economy

fed chair powell: will ‘use our tools’ to support economy
Federal Reserve Chairman Jerome Powell pledged Friday that the Fed will “use our tools" to support the economy, an effort to ease fears over the viral outbreak and a strong ......
WorldNews - Published

Fed's Powell says economy is fine but Fed ready to act as needed

Federal Reserve Chair Jerome Powell on Friday said the central bank will "act as appropriate" to support the economy in the face of risks posed by the coronavirus outbreak, though he said the economy..
Reuters - Published

Stocks pare losses slightly; Fed chair vows to support economy as appropriate

The S&P 500 pared losses slightly after the U.S. Federal Reserve Chair Jerome Powell said the economy was solid though coronavirus posed a risk and he vowed that the central bank would "use its tools..
Reuters - Published

Fed Chair Powell: 'no reason' rising wages, job gains can't continue

Federal Reserve Chair Jerome Powell on Wednesday reiterated his confidence in the sustainability of the record-long U.S. economic expansion, now in its 11th year.
Reuters - Published

Fed's Powell reinforces regulation and defends repo support in letter to Congress

U.S. central bank officials are considering options that would make it easier for banks to treat Treasury holdings similar to reserves when meeting liquidity requirements, Federal Reserve Chair Jerome..
Reuters - Published


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