Jerome Powell

Trending: Senators Urge Fed to Expand Fedwire and National Settlement Service
Trending: Senators Urge Fed to Expand Fedwire and National Settlement Service
September 11, 2024  |  Faster Payments

If business and commerce are always on in the digital age — existing as 24/7, year-round endeavors — so must the settlement systems that enable...

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Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
Federal Reserve Investigating AI’s Potential Impact on Jobs, Economy
July 02, 2024  |  artificial intelligence

The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said...

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Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
Fed Keeps Benchmark Rate Steady Because Inflation is ‘Too High’ 
May 02, 2024  |  Economy

This week, the Federal Reserve announced it will keep its benchmark interest rate in the same 5.25%–5.50% holding pattern that it has occupied since last...

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Fed’s Jerome Powell Says ‘Nowhere Near’ Moving Forward With CBDC
Fed’s Jerome Powell Says ‘Nowhere Near’ Moving Forward With CBDC
March 07, 2024  |  CBDC

In testimony before Congress, Federal Reserve Chairman Jerome Powell said that the idea of the United States adopting a central bank digital currency (CBDC) is far from being...

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Paycheck-to-Paycheck Pressures Remain as Fed Signals Higher Rates, Consumer Sentiment Slips
Paycheck-to-Paycheck Pressures Remain as Fed Signals Higher Rates, Consumer Sentiment Slips
August 25, 2023  |  Personal Finance

Higher rates. A bit more muted consumer sentiment. The paycheck-to-paycheck pressures continue. On Friday (Aug. 25), the final reading of the University of Michigan’s survey on consumer...

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Proportion of US Banks Tightening Loan Terms Rises to 50.8%
Proportion of US Banks Tightening Loan Terms Rises to 50.8%
July 31, 2023  |  Loans

Banks are continuing to tighten their terms on commercial and industrial loans. The proportion of U.S. banks tightening their terms on such loans for medium...

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Fed Chair Says Core Inflation Won’t Reach 2% Target Until 2025
Fed Chair Says Core Inflation Won’t Reach 2% Target Until 2025
June 28, 2023  |  Economy

The Federal Reserve’s chairman says core inflation may not reach the 2% mark until 2025. “It’s going to take some time. Inflation has proven to...

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Federal Reserve’s Powell: Smaller Banks to Be Exempt From New Capital Requirements
Federal Reserve’s Powell: Smaller Banks to Be Exempt From New Capital Requirements
June 22, 2023  |  Banking

Federal Reserve Chair Jerome Powell announced in a Senate Banking Committee hearing on Thursday (June 22) that smaller banks with assets below $100 billion will not...

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Paycheck-to-Paycheck Pressures to Continue as Powell Signals More Rate Hikes
Paycheck-to-Paycheck Pressures to Continue as Powell Signals More Rate Hikes
June 21, 2023  |  Economy

Barely a week has gone by since the Fed “paused” its policy of hiking interest rates. And the pause may prove short-lived — signaling some...

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