Federal Reserve Chairman Jerome Powell is participating in a virtual debate on the global economy presented by the International Monetary Fund.
Federal Chair Jerome Powell, left, says the US economy may grow by over 7% this year. His rosy prediction comes as shares on Wall St, top right, soar and millions struggle, bottom right.
Europe is in focus as EU leaders hold a virtual summit to discuss boosting vaccine supplies and their rollout across the bloc.
The full postmortem on Archegos Capital won’t be written for a while, but one thing is already clear: This little-known hedge fund run by a trader named Bill Hwang has become the latest lightning rod for Wall Street greed run amok. Greed may indeed be one of the backstories to this seemingly harmless “family office”
Federal Reserve officials agreed to keep policies in place during its last meeting, even as the economy showed clear signs of a rebound.
"I think it's highly unlikely that we would raise rates anything like this year," Powell told "60 Minutes" in a broadcast Sunday evening.
Powell said the US economy is at an "inflection point" more than a year after the virus forced widespread lockdowns and business closures.
"Professional money managers crave growth without wage inflation, and that’s just what we got
Fed Chairman Jerome Powell on Sunday said "it will be a while" before the conditions are in place for the central bank to tap the brakes to try to cool the economy off.
St. Louis Fed President James Bullard told reporters Tuesday he forecast no interest rate hikes through 2023 and won't change until he sees actual evidence of a strong economy.
Morgan Stanley Asks: Will The Market Move Towards The Fed, Or Will The Fed Shift Its Reaction Function Towards The Market
Home price gains are accelerating at an alarming pace, a sharp, pandemic-induced inflation that some claim is not getting enough attention from the Fed.