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Federal Reserve Chair Jerome Powell speech displayed on a tv as traders work on the floor of the New York Stock Exchange

US Fed chair leaves door open to interest rate cut

US Federal Reserve Chair Jerome Powell today pointed to a possible rate cut at the Fed's September meeting but stopped short of committing to cutting interest rates.

Business • 22 Aug

The latest tech pullback comes after a huge rally in which the tech sector soared over 50% up to last week since the market's low for the year in April

US tech stock stumble shows vulnerability in AI trade

US technology shares are showing signs of vulnerability after a massive run, which has some investors pointing to overdone AI-driven gains while funds have taken steps to position away from the high-flying sector.

Business • 21 Aug

Jerome Powell, chairman of the US Federal Reserve (left) and Tiff Macklem, governor of the Bank of Canada, at the Jackson Hole Economic Policy Symposium in Wyoming (Getty)

Central banks' pivots signal more turbulence ahead

Growing signs of lacklustre growth and risks emerging to the job market overshadowed a gathering of global policymakers at the US Federal Reserve's annual Jackson Hole conference, highlighting the changing trajectory of monetary policy as US and European central banks eye cutting interest rates.

Business • 26 Aug 24

Over the past two decades, central bankers have used the annual Jackson Hole symposium to plot out and signal changes in monetary policy

Inflation talk shifts ahead of Jackson Hole gathering

Inflation has fallen across much of the world this year but the job is only half done, even if top central banks are now getting ready to wrap up their most aggressive interest rate hike cycle in history.

Business • 24 Aug 23

US Federal Reserve chief Jerome Powell at the Jackson Hole central bankers' gathering

Fed's Powell sees inflation fight lasting 'some time'

The US economy will need tight monetary policy "for some time" before inflation is under control, which means slower growth, a weaker job market and "some pain" for households and businesses, Federal Reserve Chair Jerome Powell said today.

Business • 26 Aug 22

US gross domestic product shrank at a 0.6% annualised rate last quarter, new figures show today

US economy contracts in second quarter

The US economy contracted at a more moderate pace than initially thought in the second quarter as consumer spending blunted some of the drag from a slower pace of inventory accumulation, dispelling fears that a recession was underway.

Business • 25 Aug 22

US Federal Reserve Chairman Jerome Powell

Powell leaves kid gloves behind ahead of Jackson Hole

US Federal Reserve Chair Jerome Powell's message on inflation and interest rates at this year's Jackson Hole central banking conference in Wyoming will strike a tone entirely different from the soothing one he used at the same event just one year ago.

Business • 25 Aug 22

Top policymakers are gathering for the Kansas City Federal Reserve's annual monetary policy conference in Jackson Hole in Wyoming

Bankers head to US mountains with focus on inflation

As world central bankers gather for the Kansas City Federal Reserve's annual monetary policy conference in Jackson Hole, Wyoming, the Fed looks like it might manage a "soft landing" for its own economy, but the outlook for Europe is far more worrying.

Business • 24 Aug 22

US Federal Reserve chief Jerome Powell promised to give markets plenty of advanced notice before relaxing QE

Fed could start stimulus withdrawal by year-end

The US economy and labour market have healed to the point that the central bank could begin to withdraw its stimulus measures by the end of the year, Federal Reserve chair Jerome Powell has said.

Business • 27 Aug 21

The report came ahead of the annual Jackson Hole conference

Fed chief Powell's record 'mixed', think tank says

A think tank highly critical of Federal Reserve Chair Jerome Powell's record on banking regulation released an assessment of his four-year tenure that is by turns scathing and complementary, highlighting the competing considerations as U.S. President Joe Biden weighs whether to reappoint him.

Business • 23 Aug 21

Jerome Powell is expected to discuss the results of the Fed's framework review today

Powell set to lay out Fed's new policy approach

US Federal Reserve Chair Jerome Powell is expected today to begin setting out the bank's new strategy for meeting its price stability and maximum employment goals.

Business • 27 Aug 20

US Federal Reserve Chairman Jerome Powell is due to deliver a key speech tomorrow at the Jackson Hole retreat

Dollar, euro trade cautiously ahead of key Fed speech

The dollar and the euro traded cautiously today as investors refrained from taking risky bets a day ahead of a key speech by US Federal Reserve Chairman Jerome Powell.

Business • 26 Aug 20

The view from the lobby of the Jackson Lake Lodge, which is closed due to the outbreak of Covid-19

No Jackson Hole soiree for central bankers in 2020

The Federal Reserve Bank of Kansas City's annual monetary policy symposium will not be held in the mountain resort of Jackson Hole, Wyoming, this year for the first time in nearly 40 years because of the Covid-19 pandemic.

Business • 12 Jun 20

Mr Draghi said the ECB is ready to use "unconventional measures" if necessary.

ECB President Mario Draghi green lights tax cuts

ECB President Mario Draghi has said Eurozone governments now have scope to introduce tax cuts as part of a package of measures to boost jobs and growth.

Business • 22 Aug 14

US Fed chief Janet Yellen says unemployment rate alone is not enough to evaluate the strength of the US jobs market

Yellen says US job market still hampered

The dollar was steady after its strongest weekly run since March and world stocks were near all-time highs as markets waited for steers from the Federal Reserve and ECB on diverging policy plans.

Business • 22 Aug 14

Jackson Hole summit hears of threats posed by global liquidity

Central bankers debate risks from ending liquidity

Global financial stability is at risk as central banks draw back from ultra-easy policies that have flooded the world with cash, top officials were warned over the weekend.

Business • 26 Aug 13

No keynote Fed speech to open the this year's Jackson Hole central bankers' conference in Wyoming

Bernanke not at this year's Jackson Hole summit

Central bankers from around the globe gather later this weekend in Jackson Hole in Wyoming.

Business • 23 Aug 13

Jackson Hole