Jerome Powell

Federal Reserve Will Continue Supporting The Economy Despite Surging Prices

5:51pm June 16, 2021

by Scott Horsley

The Fed is maintaining its easy money policies for now in an effort to speed the economic recovery. It left interest rates near zero despite a jump in consumer prices.

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Diners eat lunch at Max's Oyster Bar in West Hartford, Conn., on March 19. Retail sales surged last month as $1,400 relief payments and easing coronavirus restrictions led shoppers to open their wallets.

Signs Of Economic Boom Emerge As Retail Sales Surge, Jobless Claims Hit Pandemic Low

4:52pm April 15, 2021

by Scott Horsley

Retail sales jumped nearly 10% in March, as shoppers, flush with $1,400 relief payments, are feeling more confident about venturing out. Weekly unemployment claims dropped to a pandemic low.

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Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on Dec. 2, 2020. In an interview with NPR on Thursday, Powell compared the central bank's response to the pandemic to the rescue of British and allied forces

Jerome Powell: Economy Is Better Thanks To 'Dunkirk'-Like Rescue By Fed, Congress

9:32am March 25, 2021

by Scott Horsley

The Federal Reserve chairman tells NPR that the U.S. economy is on a clear path to recovery thanks to the Fed's rescue plan and the stimulus passed by Congress.

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Fed Chairman Jerome Powell speaks during a House committee hearing on Sept. 23, 2020 in Washington, D.C. Powell, along with Treasury Secretary Janet Yellen, is set to appear before the House again on Tuesday to discuss relief aid and the state of the econ

Fed Chair Touts 'Much Improved' Economy 1 Year After Stocks Hit Pandemic-Era Low

9:59am March 23, 2021

by Scott Horsley

Jerome Powell and Treasury Secretary Janet Yellen will tell Congress the economy is recovering but that more needs to be done to get to pre-pandemic levels

Fed Chair Jerome Powell testifies before a House Financial Services Committee hearing in Washington on Dec. 2, 2020. The Fed issued new economic forecasts on Wednesday at the end of its two-day meeting.

Light At End Of Tunnel? Fed Sees Faster Economic Growth, With Only Modest Inflation

7:56pm March 17, 2021

by Scott Horsley

The Federal Reserve has raised its forecast for economic growth, thanks to an improving public health outlook and trillions of dollars in federal spending.

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Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on Dec. 2, 2020. Powell appeared before the Senate Banking Committee on Tuesday and argued the U.S. economy still has a long way to go to recover millions of

Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs

4:16pm February 23, 2021

by Scott Horsley

Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.

Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee at the U.S. Capitol last month during a hearing about the Treasury Department's and Federal Reserve's pandemic response.

Trouble On Main Street

6:30am October 13, 2020

by Greg Rosalsky

The Federal Reserve launched a massive program to lend to small and midsize businesses. It has hardly loaned out anything.

Federal Reserve Chairman Jerome Powell testifies last month during a House Select Subcommittee on the Coronavirus Crisis hearing. Powell continues to warn the U.S. economy needs more stimulus to recover from the pandemic.

Fed's Jerome Powell Calls For More Economic Aid, Warning 'Weakness Feeds On Weakness'

5:40pm October 06, 2020

by Scott Horsley

Powell renews his call for congressional action on the economy, but President Trump tells his representatives to stop negotiating on new relief until after the election.

Federal Reserve Chair Jerome Powell has said the Fed is ready to support the economy as a recovery falters.

As Economic Recovery Slows, Fed Sees Many Risks And Pledges Full Support

6:21pm September 16, 2020

by Scott Horsley

The Federal Reserve left interest rates near zero Wednesday and pledged it was ready to use all of its available tools to support an economic recovery that appears to be weakening.

Federal Reserve Chairman Jerome Powell speaks to reporters in March in Washington, D.C. In an interview Friday with NPR, Powell said it may take years before the economy has fully recovered.

Economy

Fed's Jerome Powell: Jobless Rate Better Than Expected; Recovery To Take A Long Time

4:51pm September 04, 2020

In an interview with NPR, Powell says it may take years before the economy has fully recovered. He says practicing social distancing and wearing masks is essential for the economy to rebound.