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Jerome Powell
Finance
The top 10% of U.S. households are $28 trillion richer since 2020—and economists are slowly waking up to the spending revolution
By Christopher Rugaber, Anne D'Innocenzio and The Associated PressOctober 30, 2023
Woman shopping in a Target store pushing a red cart
Finance
The Fed’s favorite inflation gauge hasn’t changed in two months, indicating a long slog ahead for the economy
By Christopher Rugaber and The Associated PressOctober 27, 2023
Fed hikes still in play amid stubborn inflation and strong economy, warns Pimco’s global economic adviser
Finance
Fed hikes still in play amid stubborn inflation and strong economy, warns Pimco’s global economic adviser
By Michael Mackenzie and BloombergOctober 26, 2023
Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious
Finance
Joe Biden is taking a victory lap after the latest blowout GDP report and says the much-feared recession is canceled, but Wall Street is dubious
By Will DanielOctober 26, 2023
Jerome Powell at a press conference.
Finance
U.S. economy glows red hot with a 4.9% GDP reading for the third quarter
By Christopher Rugaber and The Associated PressOctober 26, 2023
Jamie Dimon, chief executive officer of JPMorgan Chase, during a Bloomberg Television interview.
Finance
JPMorgan CEO Jamie Dimon slams central banks for their ‘100% dead wrong’ forecasts and ‘omnipotent feeling’
By Chloe TaylorOctober 24, 2023
Bill Gross, co-founder of Pacific Investment Management Co
Finance
‘Bond King’ Bill Gross says it’s time to stop betting against bonds and get ready for a economic slowdown: ‘Recession in 4th quarter’
By Eleanor PringleOctober 24, 2023
Billionaire hedge funder Bill Ackman is suddenly more worried about a ‘slowing’ economy than inflation—and he’s putting his money where his mouth is
Finance
Billionaire hedge funder Bill Ackman is suddenly more worried about a ‘slowing’ economy than inflation—and he’s putting his money where his mouth is
By Will DanielOctober 23, 2023
Jerome Powell
Finance
America’s economic hot streak is just warming up as early data suggests the fastest growth in nearly 2 years during 3Q
By Vince Golle, Craig Stirling and BloombergOctober 22, 2023
Christine Lagarde, Kazuo Ueda, Jerome Powell
Finance
Economists, central bankers are rethinking the quantitative easing strategy that saved the world but created bubbles and distortions
By Jana Randow and BloombergOctober 22, 2023
Jerome Powell
Finance
Jerome Powell doesn’t sound convinced on inflation: ‘A few months of good data are only the beginning of what it will take’
By Christopher Rugaber and The Associated PressOctober 19, 2023
Climate protesters crash Jerome Powell’s press conference, chanting ‘Stop fossil finance’
Finance
Climate protesters crash Jerome Powell’s press conference, chanting ‘Stop fossil finance’
By Will DanielOctober 19, 2023
The massive inflation of housing and the stock market has made the average American household worth $193,000, Federal Reserve finds
Finance
The massive inflation of housing and the stock market has made the average American household worth $193,000, Federal Reserve finds
By Christopher Rugaber and The Associated PressOctober 18, 2023
If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years
Finance
If you’re in the 1% or middle class, inflation has actually made you richer, according to a top economist who’s been researching inequality for over 40 years
By Will DanielOctober 18, 2023
The Fed looks set to hold interest rates steady next month, but there is ‘a very substantial risk’ it will hike them again later
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 BloombergOctober 14, 2023
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