Fed

Senate confirms Powell for 2nd term as Fed fights inflation

Senate confirms Powell for 2nd term as Fed fights inflation

WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving bipartisan backing to Powell’s high-stakes efforts to curb the highest inflation in four decades. The 80-19 vote reflected broad support in Congress for the Fed’s drive to combat surging prices through a series of sharp …

Senate confirms Powell for 2nd term as Fed fights inflation Read More »

Fed Chair Powell: Controlling inflation will 'include some pain' - Marketplace

Fed Chair Powell: Controlling inflation will ‘include some pain’ – Marketplace

After steering the U.S. central bank through an unprecedented series of challenges from the pandemic, Federal Reserve Chair Jerome Powell and the Federal Open Market Committee face another critical test: controlling the highest inflation in decades without tipping the economy into a recession.  Last week, the Fed announced the biggest interest hike in 22 years …

Fed Chair Powell: Controlling inflation will ‘include some pain’ – Marketplace Read More »

Stocks

Recession Fears Loom Large Over Bullish Oil Market | OilPrice.com

The price of gasoline in the U.S. hit an all-time high on Tuesday as the national average spiked $0.17/gallon from last week to $4.37/gallon, topping the previous all-time high set March 8. The European Union’s discussion of pulling back from buying Russian oil has sent additional shock waves through an already strained oil market, with …

Recession Fears Loom Large Over Bullish Oil Market | OilPrice.com Read More »