Powell's rollercoaster ride at the Fed US Federal Reserve Chair Jerome Powell has been on a rollercoaster ride since he joined the institution almost a decade ago. Business • 22 Nov
Biden taps Powell for second term as Fed chair US Federal Reserve Chair Jerome Powell has been nominated for a second four-year term by President Joe Biden today. Business • 22 Nov
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 ... Business • 04 Nov
US consumer prices slow sharply in August Underlying US consumer prices increased at their slowest pace in six months in August, suggesting that inflation had probably peaked, though it could remain high ... Business • 14 Sep
5 questions for the ECB this week European Central Bank officials are back from their summer break and with the hawks pushing for a slowdown in bond buying, Thursday's meeting could prove ... Business • 06 Sep
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 ... Business • 27 Aug
US Q2 economic growth revised slightly higher The US economy grew a little faster than initially thought in the second quarter, lifting the level of gross domestic product above its pre-pandemic peak, ... Business • 26 Aug
US Fed expects to pull back on stimulus this year The US Federal Reserve expects to start pulling back on stimulus measures this year, if the economic recovery continues, according to the minutes of the ... Business • 19 Aug
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 ... Business • 14 Jul
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 ... Business • 08 Jul
US weekly jobless claims unexpectedly rise The number of Americans filing new claims for unemployment benefits increased last week for the first time in more than a month, but layoffs are ... Business • 17 Jun
Currency volatility falls to pre-pandemic lows Currency market volatility today fell to its lowest since before the Covid-19 pandemic hit markets in March 2020. Business • 08 Jun
US interest rates may have to rise if economy heats up US interest rates may have to increase "somewhat" to keep a lid on inflation if President Joe Biden's latest spending proposals are enacted and the ... Business • 05 May
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 ... Business • 08 Apr
Europe facing tough quarter but ECB will do its part Europe is facing a difficult second quarter as coronavirus infections rise and governments reimpose lockdown measures, but the European Central Bank will do its part ... Business • 23 Mar
US weekly jobless claims see unexpected rise The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the labour market is regaining its footing as an acceleration ... Business • 18 Mar
US-driven global recovery could help lift others - Fed The US economy appears set to leave other developed markets in the dust this year with the largest annual growth spurt in decades, new Federal ... Business • 18 Mar
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
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 ... Business • 23 Feb
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," ... Business • 28 Jan
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 ... 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 ... Business • 15 Dec 20
Biden selects Janet Yellen as US Treasury Secretary US President-elect Joe Biden has today selected former Federal Reserve chair Janet Yellen as his choice for Treasury secretary. Business • 30 Nov 20
Biden to name Yellen as US Treasury Secretary US President-elect Joe Biden is expected to nominate former Federal Reserve Chair Janet Yellen as US Treasury secretary. Business • 24 Nov 20
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 ... Business • 13 Nov 20
