Jerome Powell

US inflation beat forecasts in April but remained high at 4.9%

Annual rate has fallen sharply since hitting 40-year high last June but prices are still rising at a rate over twice the Fed’s target

Dominic Rushe

10, May, 2023 @12:34 PM

Can Joe Biden escape the fallout from the US banking crisis? | Larry Elliott

If president is not worried about re-election prospects after one of biggest economic bubbles of past 100 years, he should be

Larry Elliott

07, May, 2023 @10:35 AM

Trading halted in shares of two more US lenders as fears of banking crisis mount

Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failures

Dominic Rushe, Julia Kollewe and Lois Beckett in Los Angeles

04, May, 2023 @9:23 PM

Chair of US Fed prank-called by Russians pretending to be Zelenskiy

Jerome Powell appears to address inflation and Russian central bank in video broadcast on Russian state television

Maya Yang

27, Apr, 2023 @4:03 PM

US adds 236,000 jobs in March as labor market weakens

March saw fewer jobs added to economy compared with February as effects of Fed’s interest rate increases are felt

Lauren Aratani

07, Apr, 2023 @1:38 PM

Credit Suisse shares continue to fall despite efforts to calm nerves

Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns

Rupert Neate Wealth correspondent

17, Mar, 2023 @5:55 PM

The US central bank is poised to cause untold hardship to millions of Americans | Robert Reich

The Federal Reserve chairman has admitted that at least 2 million people could lose their jobs if interest rates keep rising

Robert Reich

08, Mar, 2023 @2:05 PM

Markets rocked as Jerome Powell warns Fed could switch back to bigger interest rate rises –as it happened

Federal Reserve chair says US central bank would be prepared to increase the pace of rate hikes if data justified it

Graeme Wearden

07, Mar, 2023 @4:49 PM

Fed announces smallest interest hike in a year as inflation ‘eases somewhat’

Quarter-point increase to a range of 4.5% to 4.75% signals a slowdown in Fed’s fight against soaring inflation

Dominic Rushe in New York

01, Feb, 2023 @7:40 PM

How high did US inflation get this year and where is it headed in 2023?

Inflation soared in 2022 amid Covid-19, the war in Ukraine and a broken supply chain – but here’s what we can expect next

Lauren Aratani

26, Dec, 2022 @11:00 AM

We need serious public policy, not more printed money – the US economy is in tatters

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

Doug Henwood

05, Nov, 2022 @7:00 AM

Federal Reserve warns of ‘pain’ ahead as inflation surges

The US central bank is expected to announce a sharp rise in interest rates on Wednesday in an attempt to tackle the cost of living crisis