Business Jun 23, 2022

Jerome Powell says soft landing ‘very challenging’ and recession possible

Powell said officials "anticipate that ongoing rate increases will be appropriate,” to cool the hottest price pressures in 40 years.

Business / Economy May 5, 2022

Federal Reserve chair vows to curb inflation with hikes that risk economic pain

On Wednesday, the Fed raised interest rates by 50 basis points for the first time since 2000, and Chair Jerome Powell says similar moves are on the table for June and July.

Business Sep 3, 2017

Cryptocurrencies threaten central banks' control over money supply — and officials study using their technology

The boom in cryptocurrencies and their underlying technology is becoming too big for central banks, long the guardian of official money, to ignore. Until recently, officials at major central banks were happy to watch as pioneers in the field progressed by trial and error, safe ...