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Jerome Powell

Fed Chair Jerome Powell: We won't hesitate to raise rates to tame inflation

New York (CNN Business) — Hindsight is 20:20, even for the Federal Reserve. The US central bank is in the midst of a "whatever it takes" moment when it comes to inflation, but if Fed officials had known how high inflation would rise, they would have changed their course on policy earlier, Fed Chairman Jerome Powell said Tuesday.
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Jerome Powell confirmed by Senate to second term as Federal Reserve chair

The Senate confirmed Federal Reserve Chair Jerome Powell to a second term with a strong bipartisan vote of 80-19 Thursday, following the confirmation of other Fed board nominees. Powell's confirmation comes as roaring inflation is damaging Americans' bank accounts. President Biden, who called inflation his primary domestic concern earlier this...
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