By Howard Schneider and Ann Saphir WASHINGTON (Reuters) – Federal Reserve Chair Jerome Powell, in a speech that affirmed an ongoing U.S. economic recovery and explained why there is no rush to tighten monetary policy, gave a...
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Why Fed’s Powell still thinks high inflation is ‘temporary’
By Ann Saphir (Reuters) – Federal Reserve Chair Jerome Powell on Friday pushed back against concerns that swiftly rising prices could become an enduring feature of the economy, forcing the U.S. central bank to raise interest rates...
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Powell’s wait-and-see speech reassures some investors
By Karen Pierog and Saqib Iqbal Ahmed CHICAGO/NEW YORK (Reuters) -U.S. Fed Chair Jerome Powell’s wait-and-see approach in a much-anticipated address on Friday gave investors and market participants some reassurance that the central...
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U.S. income inequality could be pushing interest rates lower, research finds
By Jonnelle Marte (Reuters) – Economists have long attributed the decline in U.S. interest rates primarily to the country’s aging population, with other factors such as slower growth also playing a role. But a steady rise in...
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Oil posts biggest weekly gains in over a year ahead of Hurricane Ida
By Scott DiSavino NEW YORK (Reuters) -Oil prices rose 2% on Friday, posting their biggest weekly gains in over a year, as energy firms began shutting U.S. production in the Gulf of Mexico ahead of a major hurricane expected to hit early...
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U.S. labor force participation likely to rebound, but it will take time -research
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve faces a long slog if it hopes for the country’s labor force participation rate to climb back to pre-pandemic levels according to new research identifying a...
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