• Stocks Rise as Fed Chair Says Light at the End of the Tunnel Remains Distant

    12 days ago - By NY Times

    Jerome Powell's Senate testimony allayed worries that positive economic signs would lead the Fed to cut back on its stimulus policies.
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  • Powell Focuses on Need at Delicate Moment in Markets and Politics

    13 days ago - By NY Times

    The Federal Reserve will continue to support the economy, its chair, Jerome H. Powell, pledged, even as concerns about inflation rise.
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  • Fed's Powell: Economic recovery incomplete

    13 days ago - By Finance Commerce

    Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.
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  • Tech stocks pare deep losses but still decline as Fed's Powell eases concerns over runaway inflation

    Tech stocks pare deep losses but still decline as Fed's Powell eases concerns over runaway inflation

    13 days ago - By Business Insider

    Summary List Placement
    US stocks pared losses but closed lower on Tuesday after Fed chair Jerome Powell staved off fears of rampant inflation.
    Stimulus and reopening could lift price growth, but the effect will likely be small and temporary, Powell said.
    Bitcoin tanked below $49,000 after trading as high as $55,053.91 Monday afternoon as investors snapped up crypto profits.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    US equities erased major losses and swung higher on Tuesday after commentary from Federal Reserve Chair Jerome Powell eased concerns of...
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  • Tech stocks pare deep losses but still decline as Fed's Powell eases concerns over runaway inflation

    13 days ago - By Business Insider

    Traders work, as a screen shows Federal Reserve Chairman Jerome Powell's news conference after the U.S. Federal Reserve interest rates announcement, on the floor of the New York Stock Exchange in New York, U.S., October 30, 2019.
    Brendan McDermid/Reuters
    US stocks pared losses but closed lower on Tuesday after Fed chair Jerome Powell staved off fears of rampant inflation. Stimulus and reopening could lift price growth, but the effect will likely be small and temporary, Powell said. Bitcoin tanked below $49,000 after trading as high as $55,053.91 Monday afternoon as investors snapped up...
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  • Fed's Powell hopeful US economy can return to 'more normal conditions' later in 2021

    Fed's Powell hopeful US economy can return to 'more normal conditions' later in 2021

    13 days ago - By Business Insider

    Summary List Placement Encouraging trends are lifting hopes that the US can make strides toward pre-pandemic normalcy later this year, Federal Reserve Chair Jerome Powell said Tuesday.
    Data suggests the US is clearing the deadliest wave of the pandemic yet. Daily case counts are the lowest since October and hospitalizations have more than halved from their early January highs. The country's rate of vaccination, while down from its peak, remains well above the Biden administration's 1-million-doses-per-day target.
    The falling cases and vaccine distribution "offer hope for a return to more...
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  • Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs

    Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs

    13 days ago - By NPR

    Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats. (Image credit: Jim Lo Scalzo/POOL/AFP via Getty Images)
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