Jerome Powell

NewsApr 24, 2026Read →

DOJ Drops Jerome Powell Criminal Investigation

The Department of Justice announced it was dropping its criminal investigation into Federal Reserve Chair Jerome Powell. The announcement came Friday morning from Jeanine Pirro, U.S. attorney for the District of…

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NewsNov 30, 2021Read →

Fed Chair Jerome Powell Suggests It Is Time to ‘Retire’ the Phrase ‘Transitory’ Regarding Inflation

Federal Reserve Chairman Jerome Powell believes it is time to stop using the term “transitory” in reference to inflation. During a Senate hearing on Tuesday, Sen. Pat Toomey (R-Pa.) noted that Powell believes inflation…

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NewsMar 22, 2021Read →

Fed Chair Powell: US Economy Looks To Be Strengthening

The U.S. economy is “much improved,” Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing “unprecedented” support, but at the same time warning that the recovery…

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NewsFeb 23, 2021Read →

Fed’s Powell Says Support for Economy Needed for ‘Some Time’

The U.S. economic recovery remains “uneven and far from complete” and it will be “some time” before the Federal Reserve considers changing policies it adopted to help the country back to full employment, Fed Chair…

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NewsDec 1, 2020Read →

Mnuchin, Powell Hone in on Need To Aid US Small Businesses

Top U.S. economic officials on Tuesday urged Congress to provide more help for small businesses amid a surging coronavirus pandemic and concern that relief from a vaccine may not arrive in time to keep them from…

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StoryDec 1, 2020Read →

Warren Claims Biden Can Eliminate Billions in Student Loan Debt ‘All on His Own’

Sen. Elizabeth Warren (D-Mass.) says she supports an additional stimulus package to help Americans suffering due to COVID-19 restrictions. However, she says there is one action President-elect Joe Biden can take without…

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NewsDec 1, 2020Read →

US Congressional Hearing Likely To Spotlight Powell, Mnuchin Split Over Pandemic Lending

U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell appear together before a congressional panel on Tuesday in a hearing likely to highlight divisions over what more needs to be done in…

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NewsNov 30, 2020Read →

Powell: ‘Challenging’ Months Until Vaccine Clears Production, Distribution Hurdles

A slowing recovery and a surging pandemic mean the United States is entering a “challenging” few months, with the potential deployment of a vaccine still facing the hurdles of production and mass distribution before its…

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NewsSep 24, 2020Read →

Fed’s Powell, Mnuchin See Promise in Reallocating Unused Aid

Hundreds of billions of dollars in unused funds from a $2.3 trillion coronavirus aid package could be reallocated to help U.S. households and businesses, Federal Reserve Chair Jerome Powell and Treasury Secretary Steven…

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NewsSep 22, 2020Read →

Powell, Mnuchin Mull Best Way To Boost Aid To Small Businesses

Top U.S. economic policymakers opened the door on Tuesday to further aid for small businesses hit by the coronavirus pandemic, but Federal Reserve Chair Jerome Powell said it probably should not be funneled through the…

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NewsSep 17, 2020Read →

Fed’s Powell Sees a Long Road To ‘Maximum Employment’

The way Federal Reserve Chair Jerome Powell sees it, the U.S. labor market has a long way to go to meet the central bank’s maximum employment goal and a lot of boxes to tick along the way. In his most extensive effort…

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NewsAug 28, 2020Read →

With New Monetary Policy Approach, Fed Lays Phillips Curve To Rest

One of the fundamental theories of modern economics may have finally been put to rest. In the several years before the coronavirus pandemic took hold of the global economy, Federal Reserve policymakers watched as the…

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StoryJul 30, 2020Read →

Powell Stresses Importance of How COVID-19 Safety Measures Can Help the US Economy

Federal Reserve Chairman Jerome Powell explained the connection between public health and the economy as he stressed the importance of how safety measures can help the U.S. economy. Powell held a press conference on…

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NewsJul 29, 2020Read →

Fed Chief Says Coronavirus Surge Slowing US Economic Recovery

The surge in U.S. coronavirus cases is beginning to weigh on economic activity, the head of the Federal Reserve said on Wednesday, and he promised the U.S. central bank would “do what we can, and for as long as it…

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NewsJun 30, 2020Read →

Powell, Mnuchin Enter the Lion’s Den Again to Discuss Pandemic Response

U.S. lawmakers on Tuesday will get another chance to grill the heads of the Federal Reserve and Treasury over the effectiveness of the nearly $3 trillion in emergency aid doled out to stem the economic fallout from the…

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StoryJun 16, 2020Read →

Fed’s Powell: Full Economic Recovery Is ‘Unlikely’ Until the Public Is Confident COVID-19 Is ‘Contained’

Federal Reserve Chairman Jerome Powell is warning that the United States economy may not fully recover until the public believes the coronavirus is contained. Powell, who testified before the Senate Banking Committee on…

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NewsJun 10, 2020Read →

Fed Vows to Support US Economy’s ‘Long Road’ to Recovery After Dire 2020

The U.S. Federal Reserve on Wednesday signaled it plans years of extraordinary support for an economy facing a torturous slog back from the coronavirus pandemic, with policymakers projecting the economy to shrink 6.5%…

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StoryMay 21, 2020Read →

Mnuchin Says There Is a ‘Strong Likelihood’ Extra Coronavirus Relief Funds Will Be Needed

While Congressional Republicans have indicated that they would like to hold off on another coronavirus relief package, Treasury Secretary Steven Mnuchin says it is likely that Congress will have to pass additional…

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StoryMay 18, 2020Read →

Fed Chair: The Economy May Not ‘Fully Recover’ Until a Coronavirus Vaccine Is Developed

Federal Reserve Chairman Jerome Powell says the economy will recover, but it may not “fully recover” by the end of 2020. “It’s going to take a while for us to get back,” Powell said during an interview on CBS News’ “60…

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StoryMay 13, 2020Read →

Powell in Support of More Coronavirus Relief Bill to Save the US Economy

Federal Reserve Chairman Jerome Powell is noting his support for more relief funds while urging Congress to consider another substantial fiscal rescue package in order to salvage the United States economy. In Powell’s…

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