The president is counting on the central bank to strike the right balance on jobs and inflation — and to prevent a spiraling financial crisis.
Category: Powell, Jerome H
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Will the Fed Raise Interest Rates During a Banking Crisis?
The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.
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Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems
The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.
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Fed Blocked Mention of Regulatory Flaws in Silicon Valley Bank Rescue
Federal government officials wanted a joint statement to include a reference to regulatory shortcomings that they believe helped lead to the bank’s demise.
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How Washington Decided to Rescue Silicon Valley Bank
Officials were initially unsure about the need for the measures they eventually announced to shore up the financial system, but changed their minds quickly.
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SVB Collapse Upsets Expectations for Federal Reserve’s Rate Decision
The Federal Reserve has been rapidly raising interest rates to fight inflation. But making big moves could be tricker amid instability.
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Jobs Report Gives Fed a Mixed Signal Ahead of March Decision
The Federal Reserve is anxiously parsing incoming data as it decides between a small or a large rate move this month.
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With Wall St. Jumpy Again, the Jobs Report Could Offer Some Clarity
Investors keep flipping between worrying about the economy and seeing an end to the turmoil. The jobs report on Friday, and a report on inflation next week, might provide direction.
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JPMorgan Is Turning On Jes Staley, Ex-Star, Over Jeffrey Epstein
The banking giant has sued Jes Staley over what it said were failures to alert the company to all he knew about Jeffrey Epstein.
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Biden Will Release Dead-on-Arrival Budget, Picking Fight With GOP
The president’s plans have little in common with the budget Republicans are set to release this spring, as the nation hurtles toward a possible default on its debt.
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Here’s What the Fed Chair Said This Week, and Why It Matters
Jerome H. Powell, the Fed chair, opened the door to a more aggressive policy path — but emphasized that it depended on incoming data.
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Investors Fear a Recession Spurred by the Fed’s Inflation Fight
Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation.