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The Fed's Federal Open Market Committee did not significantly alter its stance on rising US inflation

US Federal Reserve pulls back on stimulus

The US Federal Reserve has said it will start reducing the pace of its stimulus bond purchases later this month as the US economy makes a solid recovery from the pandemic.

Business • 04 Nov 21

The Fed held its current target interest rate steady in a range of 0% to 0.25%

Fed signals bond-buying taper coming 'soon'

The US Federal Reserve has cleared the way to reduce its monthly bond purchases "soon" and signaled interest rate increases may follow more quickly than expected, with nine of 18 central bank policymakers projecting borrowing costs will need to rise in 2022.

Business • 22 Sep 21

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

US Federal Reserve Chairman Jerome Powell

US inflation to remain high for months before falling

US inflation will remain "elevated" in coming months but will decline once supply bottlenecks and other temporary issues are resolved, Federal Reserve Chair Powell said today.

Business • 14 Jul 21

The recent jump in US inflation was higher than Federal Reserve officials had expected, according to minutes from the latest Fed meeting

Fed surprised by higher than expected inflation spike

Rising prices amid the recovery from the pandemic shutdown were predicted, but the recent jump in US inflation was higher than Federal Reserve officials had expected, according to minutes from the latest Fed meeting.

Business • 08 Jul 21

Fed members see inflation under control

Most US central bankers viewed inflation as stable, but some are becoming more vocal about fears the Covid-19 pandemic will push prices higher, according to minutes of last month's Federal Reserve meeting.

Business • 08 Apr 21

Yellen says US economy remains in crisis

US Treasury Secretary Janet Yellen has said the US economy remains in crisis from the pandemic even as she defended developing plans for future tax increases to pay for new public investments.

Business • 24 Mar 21

Federal Reserve Chair Jerome Powell said the US economy is 10 million jobs short of where it was before the Covid-19 pandemic

US won't reach 'maximum employment' this year - Powell

The US labour market faces a lengthy recovery and the economy will not see maximum employment this year, Federal Reserve Chair Jerome Powell has said.

Business • 05 Mar 21

Fed's Powell pledges low rates until inflation hits 2%

US Federal Reserve Chair Jerome Powell has today pledged that the bank will keep benchmark lending rates low until the economy is at full employment and inflation has risen consistently.

Business • 23 Feb 21

US Federal Reserve chief Jerome Powell said it is far too soon to even discuss the possibility of tapering its bond buying programme

Fed warns economic outlook still 'highly uncertain'

The fate of the US economy depends on the course of the pandemic and the Covid-19 vaccine rollout, but the outlook is nonetheless "highly uncertain," Federal Reserve Chair Jerome Powell said last night.

Business • 28 Jan 21

Fed to buy bonds until it sees economic progress

The Federal Reserve has vowed to keep pumping cash into financial markets until the US economic recovery is secure, a promise of long-term help that fell short of hopes of an immediate move to shore up a recent pandemic-related slide.

Business • 17 Dec 20

Fed joins global club of peers in climate change fight

The US Federal Reserve said today it has formally joined an international group of central banks working to understand and reduce climate change risk, a signal that the Fed could move to incorporate the impacts of global warming into its regulatory writ.

Business • 15 Dec 20

ECB chief Christine Lagarde says uncertainty remains about the Covid-19 vaccine

Fed, ECB heads cautious despite Covid vaccine hopes

The heads of the Federal Reserve and the European Central Bank welcomed the encouraging results in trials of a vaccine candidate for the novel coronavirus but stressed that the economic outlook will remain uncertain.

Business • 13 Nov 20

US Federal Reserve Chair Jerome Powell said that 'further support is likely to be needed' to prop up the US economy

More stimulus needed to help US economy - Fed chief

The trajectory of Covid-19 remains key to the US recovery and until it is eradicated, more emergency spending will be "essential" to support the economy, Federal Reserve Chair Jerome Powell said last night.

Business • 06 Nov 20

Fed touts economic recovery, vows to keep rates low

The Federal Reserve has vowed to keep interest rates near zero until inflation is on track to overshoot its 2% target, a bold new promise aimed at bringing millions of out-of-work Americans back to the labour market.

Business • 17 Sep 20

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

The Fed chairman said that additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves the US with a strong recovery

US Fed chair warns of 'extended period' of weak growth

In a sober review of where the US economy stands on the cusp of its reopening, US Federal Reserve chair Jerome Powell has warned of an "extended period" of weak growth and stagnant incomes, pledged to use more of the central bank's power as needed, and issued a call for additional fiscal spending.

Business • 13 May 20

Jerome Powell said there was every reason to think the economic recovery, when it comes, would be 'robust'

Fed will continue to act 'forcefully, proactively'

The Federal Reserve will continue to use all the tools at its disposal until the US economy begins to fully rebound from the harm caused by the novel coronavirus outbreak, Fed Chair Jerome Powell said today, even as he acknowledged the limits of the bank's powers.

Business • 09 Apr 20

US Fed chief Jerome Powell eyes potential threat from the coronavirus outbreak in China

Fed chief says US economy resilient but warns on virus

US Federal Reserve Chair Jerome Powell was fairly upbeat about the outlook for the US economy in the first of his twice-a-year updates to Congress today.

Business • 11 Feb 20

US Federal Reserve chairman Jerome Powell said that US rates are on hold

Fed's Powell expects sustained expansion of US economy

The US economy is likely to continue to grow, but faces continued risks from the global slowdown and trade disputes, which have already dampened expansion, Federal Reserve chief Jerome Powell said today.

Business • 13 Nov 19

US Federal Reserve chief Jerome Powell says the US economic outlook is favourable

Fed signals holding pattern on rates for now

The US Federal Reserve cut interest rates again last night to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs.

Business • 19 Sep 19

US Federal Reserve under pressure to cut rates again

US Federal Reserve signals another US rate cut

Expectations are high for the US Federal Reserve to deliver the year's second interest rate cut this evening as members conclude a hotly-anticipated policy meeting in Washington.

Business • 18 Sep 19

The Fed chief said that Facebook's Libra 'raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability'

Fed chief urges caution on Facebook's Libra project

US Federal Reserve Chairman Jerome Powell said that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed.

Business • 11 Jul 19

US President Donald Trump and US Federal Reserve chairman Jerome Powell

US President says Federal Reserve 'blew it' on rates

US President Donald Trump has again criticised the Federal Reserve for not cutting interest rates, keeping up his pressure on the central bank to change its policies.

Business • 24 Jun 19