Fed chair warns of 'significant uncertainty' around U.S. recovery

Business Jun 17, 2020

Fed chair warns of 'significant uncertainty' around U.S. recovery

Despite some recent positive signs, "significant uncertainty" remains about the recovery of the U.S. economy from the coronavirus pandemic, Federal Reserve Chair Jerome Powell said Tuesday. And unless consumers feel confident COVID-19 has been defeated, "a full recovery is unlikely," Powell warned in his semiannual ...

Former Fed chief Paul Volcker, inflation slayer, dies at 92

Business Dec 10, 2019

Former Fed chief Paul Volcker, inflation slayer, dies at 92

Paul Volcker, the towering former Federal Reserve chairman who tamed U.S. inflation in the 1980s and decades later inspired tough Wall Street reforms in the wake of the global financial crisis, died Monday at the age of 92, according to his daughter, Janice Zima. Volcker, ...

Business / Economy Oct 3, 2019

Slumping data may force Fed to make third cut

Federal Reserve Chairman Jerome Powell, who's noncommittal about further interest rate cuts, is facing new pressure to make a third-straight reduction in response to weakening data, volatile markets and a continued bashing from U.S. President Donald Trump. Markets placed about a 75 percent chance of ...