U.S. - President Biden Keeps J Powell as Fed Chief, Brainard to Vice Chair | Bloomberg Markets and Finance

22 November 2021

President Joe Biden selected Jerome Powell for a second four-year term as U.S. Federal Reserve chair and elevated Governor Lael Brainard to vice chair, maintaining consistency at the central bank as it grapples with the fastest inflation in three decades along with the lingering effects of ...........

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U.S. - #CNBC #CNBCTV LIVE: Fed Chair Powell holds press conference on economic and interest rate forecasts — 9/22/21

22 September 2021

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Federal Reserve Chairman Jerome Powell holds a press conference after the central bank wraps up its two-day policy meeting on Wednesday. After Monday’s market turbulence, the Federal Reserve’s challenge will be to sound reassuring while acknowledging it’s preparing to make its first major step away from the easy policies it put in place to fight the pandemic. The central bank is widely expected to indicate it is getting ready to announce it will start paring back its $120 billion in monthly purchases of Treasurys and mortgage-backed securities.

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Investment - US Federal Reserve to keep interest rates near zero for two years: FRANCE 24 English 1.27M subscribers

The US economy is heading for its steepest decline on record because of the Covid-19 pandemic, according to the Federal Reserve. America's central bank said it would likely keep interest rates "near zero" until at least the end of 2022 in order to support a recovery. Despite a better-than-expected unemployment report, Fed Chief Jerome Powell said he expects millions of Americans to remain out of work for a significant period of time. Powell also weighed in on the protests that have swept the country, saying "racism has no place in our society" and addressing issues of economic inequality.

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