Craig Torres

Stay informed with Craig Torres’s coverage and analysis for Fortune.

  • Photo of Jerome PowellEconomy

    Fed’s Powell walks tightrope of being late but not ‘Mr. Too Late’

    By Craig Torres and Bloomberg
  • Government Debt Ceiling and Federal Government Shutdown – Capitol, Congress and Senate – Budget PackageFinance

    US debt sustainability now seen as top financial stability risk

    By Craig Torres and Bloomberg
  • Federal Reserve Chairman Jerome Powell speaks during a news conference.Finance

    Jerome Powell’s power grows after Fed endorses interest rate cut

    By Craig Torres and Bloomberg
  • Raphael Bostic, president and chief executive officer of the Federal Reserve Bank of Atlanta, is seen in a black business jacket and light blue professional shirt. He is gesturing with his hands will addressing an audience.Finance

    Bostic guilty of breaking rules—but not insider trading: Fed watchdog

    By Craig Torres, Jonnelle Marte, and others
  • Christopher Waller listens while seatedFinance

    Fed governor doesn’t see a recession but is open to jumbo rate cuts

    By Craig Torres, Mark Niquette, and others
  • Jerome PowellFinance

    Fed Chair Jerome Powell warns: Inflation isn’t ‘the only risk we face’

    By Craig Torres and Bloomberg
  • Fed Chair Jerome Powell gestures with handFinance

    It really might be different this time as the Fed puzzles over why high rates aren’t hitting the economy harder

    By Craig Torres, Alex Tanzi, and others
  • Eric RosengrenFinance

    The 2 Fed officials who traded stocks and assets during the pandemic weren’t technically breaking any rules, watchdog finds

    By Catarina Saraiva, Craig Torres, and others
  • WASHINGTON, DC – SEPTEMBER 20: Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on September 20, 2023 at the Federal Reserve in Washington, DC. In the face of slowing inflation and strong consumer spending, the Federal Reserve announced that it will keep the interest rate steady, holding the benchmark borrowing rate to a range of 5.25% to 5.5%. (Photo by Chip Somodevilla/Getty Images)Finance

    The Fed looks set to hold interest rates steady next month, but there is ‘a very substantial risk’ it will hike them again later

    By Craig Torres, Rich Miller, and others
  • Jerome PowellFinance

    The American banking system is hugging tightly to the Fed with billions of borrowing from the backstop barely budging

    By Craig Torres, Alexandra Harris, and others
  • Jerome Powell, chairman of the US Federal Reserve, speaks at the Brookings Institution in Washington, DC, US, on Wednesday, Nov. 30, 2022. Powell signaled policymakers will downshift from their rapid pace of tightening as soon as next month’s meeting while stressing that the central bank’s inflation fight is far from over, with rates set to rise further and stay at restrictive levels for some time. Photographer: Valerie Plesch/Bloomberg via Getty ImagesFinance

    Investors betting on a Fed loosening may be underestimating Powell’s warning rates will stay high for ‘some time’

    By Craig Torres, Liz Capo McCormick, and others
  • Jerome PowellFinance

    Jerome Powell’s signal that the Fed will slow its interest rate hikes sends the S&P index up

    By Craig Torres and Bloomberg
  • WASHINGTON, DC – NOVEMBER 02: U.S. Federal Reserve Bank Board Chairman Jerome Powell delivers opening remarks during a news conference following a meeting of the Federal Open Market Committee (FMOC) at the bank headquarters on November 02, 2022 in Washington, DC. In a move to fight inflation, Powell announced that the Federal Reserve is raising interest rates by three-quarters of a percentage point, the sixth interest rate increase this year and the fourth time in a row at rates this high. (Photo by Chip Somodevilla/Getty Images)Finance

    Fed officials are so encouraged by the latest inflation numbers that they’re signaling slower interest rate hikes ahead

    By Catarina Saraiva, Craig Torres, and others
  • Photo of Mary Daly, the Federal Reserve Bank of San Fransisco's presidentFinance

    San Francisco’s Fed president calls inflation a ‘corrosive disease’ and a ‘toxin’

    By Craig Torres and Bloomberg
  • WASHINGTON, D.C., Sept. 3, 2020 — Photo taken on Sept. 2, 2020 shows the U.S. Federal Reserve headquarters in Washington, D.C., the United States. Driven by the massive fiscal response to the COVID-19 pandemic, U.S. federal debt is projected to exceed the size of the economy for the fiscal year 2021, the highest level since World War II, the Congressional Budget Office said Wednesday. (Photo by Ting Shen/Xinhua via Getty) (Xinhua/Ting Shen via Getty Images)Finance

    ‘What if we are in a new era?’: A Fed bank president says the post-pandemic economy could include more ‘inflationary headwinds’

    By Craig Torres and Bloomberg