Jerome Powell - updates

Rappler's latest stories on Jerome Powell

ARTICLE FINDER

U.S. risks 'permanent damage' from extended shutdown – Mnuchin

May 20, 2020 - 7:00 AM

United States Treasury Secretary Steven Mnuchin tells senators the government is 'conscious of the health issues' involved with reopening and they want it done 'in a balanced and safe way'

HALTED. A view shows near-empty Pentagon City Mall in Arlington, Virginia, on March 17, 2020. Photo by Mandel Ngan/AFP

U.S. facing severe crisis, but not a depression – Fed's Powell

May 18, 2020 - 11:30 AM

United States Federal Reserve Chair Jerome Powell says the US economy could 'easily' collapse by 20% to 30% in the 2nd quarter of 2020, but 'it should be a much shorter downturn' than in the 1930s

CENTRAL BANK. In this file photo taken on April 2, 2020, the Federal Reserve and United States flags wave above the Federal Reserve building in Washington, DC. Photo by Olivier Douliery/AFP

Virus emergency spending costly but worth it – U.S. Fed's Powell

May 13, 2020 - 11:15 PM

'Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,' says United States Federal Reserve Chairman Jerome Powell

RATE CUT ANEW. In this file photo, United States Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, DC, on July 31, 2019. File photo by Andrew Caballero-Reynolds/AFP

U.S. Fed watching global economy for signs of infection from virus

Jan 30, 2020 - 2:45 PM

The United States Federal Reserve says 'there will clearly be implications' for Chinese output, but it is still 'very uncertain' how far it will spread

U.S. Fed lowers key interest rate as 'insurance' against economic risks

Oct 31, 2019 - 3:15 PM

'We took this step to help keep the US economy strong in the face of global developments,' says United States Federal Reserve Chairman Jerome Powell

Federal Reserve Board Chairman Jerome Powell holds a news conference on October 30, 2019 in Washington, DC. - The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday, but the central bank remains divided, with two of the 10 voting members dissenting. And the Fed's policy-setting Federal Open Market Committee made a key change in the wording of the statement, which makes it less certain it will make another move in December. (Photo by Eric BARADAT / AFP)

U.S. Fed cuts key interest rate a quarter point, citing 'uncertainties'

Sep 19, 2019 - 12:40 PM

The United States Federal Reserve lowers the benchmark interest rate by 25 basis points to a target range of 1.75% to 2%, but its policy committee is divided

RATE CUT. United States Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on July 31, 2019. Photo by Andrew Caballero-Reynolds/AFP

IMF tells Trump: It's not working

Aug 22, 2019 - 10:31 AM

In unusually blunt language, the IMF blog post says US policy moves are counterproductive, won't achieve the desired results, and will slow the global economy

NOT WORKING. File photo of US President Donald Trump. Photo by Saul Loeb/AFP

After a year of Trump pressure, U.S. Fed struggles to communicate

Jul 28, 2019 - 11:20 PM

The United States Federal Reserve suffers a number of awkward stumbles in communications, while facing repeated attacks from US President Donald Trump

US Federal Reserve Board Chairman Jerome Powell addresses a dinner following the Conference "Bretton Woods: 75 years later - Thinking about the next 75 years" at the Banque de France headquarters in Paris on July 16, 2019. (Photo by ERIC PIERMONT / AFP)

U.S. Fed to look 'carefully' at Facebook virtual coin Libra

Jun 26, 2019 - 1:15 PM

Federal Reserve chairman Jerome Powell becomes the latest official to voice concern over the global virtual currency unveiled last week by Facebook


U.S. Fed opens door to rate cut amid growing 'uncertainties'

Jun 20, 2019 - 2:35 PM

The US Federal Reserve says trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has 'strengthened'

RATE UNCHANGED. United States Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting on March 20, 2019, in Washington, DC. Photo by Brendan Smialowski/AFP

U.S. Federal Reserve leaves key rate unchanged amid mixed economic signals

May 02, 2019 - 5:25 PM

The United States Federal Reserve votes unanimously to keep the benchmark interest rate in a range of 2.25% to 2.5%

Federal Reserve Board Chair Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on May1, 2019. - The US Federal Reserve decided Wednesday to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy. (Photo by MANDEL NGAN / AFP)

Princeton salutes Maria Ressa, alumni in ‘Time 100’ most influential list

Apr 19, 2019 - 10:32 AM

Distinguished Princeton University alumni have also called on government officials, policy makers, and businesses to ‘press’ the Philippine government to end its harassment of Ressa and the Philippine press

TIME MAGAZINE 'ICON.' Rappler CEO Maria Ressa answers questions after she plead 'not guilty' to the 4 cases of tax evasion lodged against her and Rappler on April 3, 2019. Photo by Jire Carreon/Rappler

U.S. Fed now expects no rate hikes in 2019

Mar 21, 2019 - 1:50 PM

The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018

Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting March 20, 2019 in Washington, DC. - Powell said Wednesday it could be "some time" before the US central bank will have to change the key lending rate. The Fed kept the benchmark borrowing rate unchanged and forecast no more increases this year. (Photo by Brendan Smialowski / AFP)

Fed to hold fire on interest rates as world economy slows

Mar 17, 2019 - 11:10 PM

Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC, on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

Trump downbeat on Fed as markets nosedive

Dec 26, 2018 - 8:33 AM

President Donald Trump rails against the Federal Reserve amid a US stock market on track for its worst December since the Great Depression

US President Donald Trump speaks to the press aboard Air Force One in flight as he travels from Joint Base Andrews in Maryland, to Bedminster, New Jersey, June 29, 2018. / AFP PHOTO / SAUL LOEB

U.S. Fed raises benchmark interest rate

Sep 27, 2018 - 11:55 AM

US President Donald Trump says he is 'not happy' about the move of the central bank

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

New leader to take the helm at U.S. Federal Reserve

Feb 04, 2018 - 10:09 AM

Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis

NEW FED CHAIR. In this file photo, Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Alex Wong/Getty Images/AFP

Trump taps Jerome Powell to lead U.S. Federal Reserve

Nov 03, 2017 - 11:56 AM

President Donald Trump has decided not to reappoint current Fed Chair Janet Yellen, the first woman to oversee monetary policy, despite praising her excellent management of the US economy over the past 4 years

NOMINEE. US President Donald Trump walks with Jerome Powell, his nominee to be Federal Reserve chairman, at the White House in Washington, DC, on November 2, 2017. Photo by Nicholas Kamm/AFP

Trump set to undo another Obama legacy with Fed pick

Nov 02, 2017 - 10:04 AM

(UPDATED) Jerome Powell, a Federal Reserve Governor, is Donald Trump's pick to replace Janet Yellen at the helm of the US central bank

OUTGOING AND INCOMING. This combination of pictures created on October 31, 2017 shows a September 20, 2017 photograph of current Federal Reserve Chair Janet Yellen (L) in Washington, DC and a June 5, 2012 photograph courtesy the US Federal Reserve of Governor Jerome H. Powell. Photos by Saul Loeb/AFP (Yellen) and Britt Leckman/US Federal Reserve (Powell)