Craig Torres

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

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  • Jerome Powell, chairman of the US Federal Reserve, listens during a House Financial Services Committee hearing in Washington, D.C., U.S., on Thursday, June 23, 2022. Powell gave his most explicit acknowledgment to date that steep rate hikes could tip the US economy into recession, saying one is possible and calling a soft landing “very challenging.” Photographer: Eric Lee/Bloomberg via Getty ImagesFinance

    Powell’s path to 2% inflation needs luck or, failing that, pain: ‘We can’t afford to be fooled again on this, or else it’s going to get beyond us’

    By Craig Torres and Matthew Boesler
  • Jerome Powell, chairman of the US Federal ReserveFinance

    Fed is likely to consider a 75 basis-point interest rate hike, the biggest since 1994

    By Craig Torres and Molly Smith
  • Brian Deese, director of the National Economic Council, speaks during a news conference in the James S. Brady Press Briefing Room at the White House in Washington, D.C., US, on Monday, May 16, 2022. Senior officials and cabinet members from President Biden’s Infrastructure Implementation Task Force spoke on the six month anniversary of the Bipartisan Infrastructure Law. Photographer: Al Drago/Bloomberg via Getty ImagesFinance

    Top Biden advisor can’t rule out recession, claims economy in transition

    By Victoria Cavaliere, Craig Torres, and others
  • WASHINGTON, DC – MARCH 21: Federal Reserve Board Chair Jerome Powell speaks during a luncheon at the 2022 NABE Economic Policy Conference at the Ritz-Carlton on March 21, 2022 in Washington, DC. The Federal Reserve raised interest rates a quarter of a percentage point last week for the first time since 2018 in an attempt to combat rising inflation.Finance

    Powell’s fed set to go big and keep going until inflation tamed

    By Craig Torres and Bloomberg
  • Chairman of the Federal Reserve Jerome Powell.Finance

    Fed Chair Jerome Powell says a half-point interest rate hike is on the table

    By Craig Torres, Alexander Weber, and others
  • Fed Chair Jerome PowellFinance

    Fed bans officials from stock and crypto trades after series of scandals

    By Craig Torres, Christopher Condon, and others
  • Economist Susan CollinsFinance

    Susan Collins to become the first Black woman to lead a U.S. central bank at Boston Fed

    By Craig Torres and Bloomberg
  • Richard Clarida, vice chairman of Federal Reserve System, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, D.C., U.S., on Tuesday, Feb. 25, 2020. This year’s annual conference theme is “Examining Policy Prescriptions in an Election Year.” Photographer: Sarah Silbiger/Bloomberg via Getty ImagesFinance

    Fed’s vice chair to leave two weeks early amid stock trading scandal

    By Craig Torres and Bloomberg
  • Students arrive to celebrate their college graduation at the Magic Kingdom theme park at Walt Disney World on the first day of reopening, in Orlando, Florida, on July 11, 2020. – Disney’s flagship theme park reopened its doors to the general public on Saturday, along with Animal Kingdom, as part of their phased reopening in the wake of the Covid-19 pandemic. New safety measures have been implemented including mandatory face masks for everyone and temperature checks for guests before they enter. (Photo by Gregg Newton / Gregg Newton / AFP) (Photo by GREGG NEWTON/Gregg Newton/AFP via Getty Images)Finance

    Are America’s twenty-somethings doomed to become a lost generation?

    By Craig Torres, Gufeng Ren, and others
  • Stimulus checks coming in 3 weeks, small business loan program this week, says MnuchinFinance

    Mnuchin gives timeline for stimulus checks and small business loan program

    By Craig Torres and Bloomberg
  • Fed Chair Powell Testifies Before House Financial Services CommitteeFinance

    S&P 500 Touches 3,000 for First Time on Fed Chair Powell’s Remarks

    By Craig Torres, Christopher Condon, and others