Fed Chairman Jerome Powell was confirmed to a second term by the Senate. His challenge is taming the highest inflation in 40 years without triggering a downturn.
Federal Reserve Chairman Jerome Powell said the central bank approved a half-percentage-point interest-rate increase in an effort to reduce inflation that is running at a four-decade high. Photo: Win McNamee/Getty ImagesJerome Powell.
Federal Reserve Chairman Jerome Powell said the central bank approved a half-percentage-point interest-rate increase in an effort to reduce inflation that is running at a four-decade high. Photo: Win McNamee/Getty ImagesJerome PowellAustralia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fed chair Jerome Powell confirmed to second termHe is tasked with leading the central bank as it tries to battle surging inflation and financial markets in tumult..
Read more »
Fed's Powell, Jefferson to get Senate nod this weekJerome Powell, nominated for a second term as chair of the U.S. Federal Reserve, could win Senate confirmation as soon as late Wednesday, according to a timeline outlined by Senate Banking Committee Chair Sherrod Brown.
Read more »
Senate approves Lisa Cook as first Black woman on Fed boardFederal Reserve nominee Lisa Cook won Senate confirmation Tuesday, becoming the first Black woman to sit on the central bank’s board of governors.
Read more »
Senate approves Lisa Cook as first Black woman to Fed postWASHINGTON (AP) — The Senate confirmed economist Lisa Cook on Tuesday to serve on the Federal Reserve’s board of governors, making her the first Black woman to do so in the institution&…
Read more »
Fed nominee Lisa Cook clears procedural hurdle in SenateFederal Reserve nominee Lisa Cook moved a step closer to being confirmed as a governor on Tuesday when the Senate voted to end debate on her nomination.
Read more »
State Senate passes ‘shocking’ budget with $5,500 cash payments to AlaskansThe Alaska Senate approved a budget that would require the state to dip into savings to cover $5,500 in cash payments to Alaskans, even as the state faces a revenue windfall due to high oil prices.
Read more »