Powell noted that roughly a million jobs were added in March, when revisions to jobs data in January and February are included. The unemployment rate fell to 6% from 6.2%.
Published on Apr 12, 2021 05:15 AM IST
AP | , Washington
In order to restore some of the more than nine million jobs still missing due to the Covid-19 pandemic, Fed Chair Jerome Powell's message has been clear: he wants to see more people back to work.
Published on Mar 14, 2021 11:46 AM IST
In an appearance at a Wall Street Journal webinar later today, Powell is expected to say the central bank will be ultra-patient in pulling back its support for the economy after the pandemic has ended.
Published on Mar 04, 2021 04:56 PM IST
In the market bleachers, some big names in economics, including Harvard University economist Lawrence Summers and former IMF chief economist Olivier Blanchard, are warning of economic overheating from the $1.9 trillion stimulus bill.
Published on Feb 26, 2021 06:38 AM IST
The Federal Reserve chairman noted that relative to risk-free rates of return, a reference to Treasury yields, shares probably aren’t as overpriced as they appear at first blush.
Updated on Dec 17, 2020 03:00 AM IST
By Bloomberg | Posted by Kanishka Sarkar
Spot gold was up 0.5% at $1,966.47 per ounce by 0512 GMT, after hitting $1,967.46 earlier, its highest level since September 2.
Updated on Sep 15, 2020 01:48 PM IST
Washington | By Reuters
“But millions of workers in travel, hotels and restaurants have been directly impacted, which means “a couple of years of... relatively high unemployment,” Federal Reserve Chair Jerome Powell said.
Updated on Aug 27, 2020 09:33 PM IST
Washington | By Agence France-Presse | Posted by Kanishka Sarkar
A spike in US coronavirus cases in the recent days has cast a shadow on hopes for a quicker economic recovery, driving inflows into safe-haven assets.
Updated on Jul 01, 2020 02:05 PM IST
Reuters | By Reuters | Posted by Kanishka Sarkar
With the partial closure of the economy due to the coronavirus crisis, “the flow of coins through the economy has kind of stopped,” Federal Reserve Chair Jerome Powell told the House Financial Services Committee.
Updated on Jun 18, 2020 08:26 AM IST
San Francisco, United States | By Reuters | Posted by: Shivani Kumar
Federal Reserve chairman Jerome Powell said he believed the viral outbreak would imperil the economy for potentially a year or more, particularly if a vaccine or an effective treatment isn’t developed before then.
Updated on Apr 30, 2020 08:30 AM IST
Washington | By Associated Press
After equities suffered their worst week since the financial crisis more than a decade ago, central banks began to flag support measures, with Federal Reserve boss Jerome Powell hinting at a fresh interest rate cut at the bank’s next meeting.
Updated on Mar 02, 2020 01:05 PM IST
Hong Kong | By Agence France-Presse
On a net basis, foreign institutional investors sold equities worth Rs 604.94 crore, while domestic institutional investors purchased shares to the tune of Rs 667.40 crore, provisional data available with stock exchanges showed Wednesday.
Updated on Jul 11, 2019 12:03 PM IST
Mumbai | By Press Trust of India
On Monday, the rupee had retreated from a near two-week high by ending 4 paise lower at 68.57 against the US currency.
Updated on Jul 17, 2018 11:11 AM IST
Press Trust of India, Mumbai | By Press Trust of India
The Fed raised its benchmark overnight lending rate three times last year, as joblessness fell and economic growth accelerated. It is expected to raise rates by another 25 basis points on Wednesday.
Updated on Mar 21, 2018 02:31 PM IST
Reuters, Washington | By HT Correspondent