NewsBite

Jerome Powell

This Month

Powell says no need to rush rate cuts

 Federal Reserve chairman Jerome Powell said the strong US economy has given central bankers room to lower interest rates at a careful pace.

  • Chrisopher Rugaber
The path to cutting interest rates is narrowing for Federal Reserve chairman Jerome Powell.

Fed still on track to cut rates in December: CPI view

The three-month annualised rate of consumer prices increased by almost 0.5 percentage point to 3.6pc in October. Economists say the pace won’t derail another rate cut.

  • Timothy Moore
Jerome Powell.

Powell doesn’t fear Trump, and yet can’t contain him

If the president-elect’s policy initiatives prove modest, the Federal Reserve’s delay in responding won’t matter too much.

  • Bill Dudley
Fed chairman Jerome Powell will face Donald Trump’s inflationary policies just as he starts cutting rates.

Markets celebrate a Trumpian revolution

While investors are rejoicing at the prospect of a business-friendly Trump administration, it will also amplify long-term inflation and asset pricing risks.

  • Christopher Joye
xx

ASX jumps; ANZ profits slip; Powell says Trump can’t fire him

Read everything that’s happened in the news so far today.

Advertisement
Federal Reserve chair Jerome Powell said that “in the near term, the election will have no effects” on interest-rate policy.

Powell signals power struggle with Trump on Fed independence

The Federal Reserve chairman says he will not stand down if asked to do so by Donald Trump, who had appointed him to the role during his first presidency.

  • Updated
  • Catarina Saraiva
US Fed chairman Jerome Powell has delivered another rate cut that will push shares higher.

Trump who? Why the Fed cut rates, ignored politics and boosted bulls

The Federal Reserve has juiced a robust US economy and surging sharemarket with another reduction, despite the president-elect’s inflationary policy platform. 

  • James Thomson

September

Federal Reserve Board Chairman Jerome Powell.

Did central banks get the inflation crisis right?

Rate-cutting cycles in recent decades – such as in the early 2000s, or during the financial crisis of 2007 – have tended to be associated with steep economic downturns.

  • Sam Fleming, Colby Smith and Olaf Storbeck
Federal Reserve chairman Jerome Powell as he announced the rate cut.

Has the Fed overreacted to the US economy?

The Fed’s decision meets the theoretical economic rules but there is an intuitive question about whether such a large cut was needed right now given the state of the economy.

  • Matthew Cranston
US Fed chairman Jerome Powell has delivered the super-sized rate cut markets were hoping for.

Why no one should be celebrating the Fed’s super-sized rate cut

Having pushed shares to record levels, investors must now ask what an emergency move from the Federal Reserve says about where global markets are heading. 

  • Updated
  • James Thomson
xx

Employment jumps; Traders temper RBA bets; Don’t celebrate Fed

Read everything that’s happened in the news so far today.

Jerome Powell opted for a bigger rate cut than many had expected.

Powell’s jumbo rate cut is a big insurance policy

This super-sized rate reduction is the Federal Reserve chairman’s bid to cement his legacy as he tries to nail a soft economic landing.

  • Matthew Cranston
Jerome Powell.

‘Slam dunk’: Fed cuts rates by half of a percentage point

The US Federal Reserve chose a larger interest rate reduction to kick off what is expected to be a steady easing of monetary policy.

  • Updated
  • Matthew Cranston
xx

ASX touches record; Regal’s Platinum play; Trump blames Harris

Read everything that’s happened in the news so far today.

US Fed chairman Jerome Powell at a press conference overnight. He said it was a “balancing act” to subdue inflation and keep the economy growing.

Powell could enter the US Fed hall of fame if he doesn’t ‘screw up’

The central bank chairman is set to begin lowering interest rates this week, but will he successfully pull off the elusive soft landing?

  • Colby Smith
Advertisement
The US jobs market continues to cool, at a pace that Wall Street is taking positively.

Fed on track for quarter-point cut: Wall Street

Economists mostly took the August jobs data and initial policymaker responses in stride, downplaying the probability of a half-point cut this month.

  • Timothy Moore
The New York Fed boss John Williams says it’s time.

New York Fed president says time for rate cuts has arrived

A more evenly balanced economy has opened the door for a pivot, though John Williams said he has no personal view on the pace of reductions.

  • Lucia Mutikani
US Federal Reserve chairman Jerome Powell.

The Fed needs to avoid becoming passive-aggressive

Adjusting policy in a timely manner to sustain economic expansions is difficult. Given the lags in policy transmission, the time to reset the funds rate has arrived.

  • Andrew Law

August

From left: Federal Reserve chairman Jerome Powell, Bank of Canada governor Tiff Macklem and Bank of England governor Andrew Bailey at the Jackson Hole symposium.

Jackson Hole bankers pivot to cuts as soft landing comes into view

Global rate-setters have left the Wyoming symposium cautiously optimistic, but acutely aware of the risks of either cutting rates too soon or leaving it too late.

  • Colby Smith
Christine Lagarde, president of the European Central Bank (ECB), from left, Kazuo Ueda, governor of the Bank of Japan (BOJ), and Jerome Powell, chairman of the US Federal Reserve, at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday.

Jackson Hole gathering reveals fresh concern for central bankers

Officials from three of the world’s major central banks have signalled they are on course to lower interest rates emerging weakness in labour markets and growth become the chief threat for policymakers.

  • Steve Matthews, Mark Schroers and Jonnelle Marte

Original URL: https://www.afr.com/person/jerome-hayden-powell-1n39