Jerome Powell Archives - CFO

Bank Stresses Equivalent to an Interest Rate Hike: Powell

Bank Stresses Equivalent to an Interest Rate Hike: Powell

The Fed chair said it was too soon to tell how monetary policy should respond to recent banking turmoil.

By Vincent Ryan | March 23, 2023

Former FDIC Chair Speaks, Lamborghini Electrifies, and a Big Week for Banks: Trial Balance

Former FDIC Chair Speaks, Lamborghini Electrifies, and a Big Week for Banks: Trial Balance

After recent bank collapses, will the Fed halt interest rate hikes on Wednesday?

By CFO Editorial Staff | March 20, 2023

Fed Shows Resolve to Hit 2% Inflation Goal, Raises Rates Again

Fed Shows Resolve to Hit 2% Inflation Goal, Raises Rates Again

Fed Reserve Chair Jerome Powell says the central bank may moderate the pace of raises in December.

By Adam Zaki | November 2, 2022

GDP Contracts 0.9%, Fed Raises Rates 0.75% As Tightening Cycle Continues

GDP Contracts 0.9%, Fed Raises Rates 0.75% As Tightening Cycle Continues

"The Fed has a high pain threshold to get inflation back to target," warned analysts.

By Vincent Ryan | July 28, 2022

Fed Looks to Raise Interest Rates

Banking & Capital Markets

Fed Looks to Raise Interest Rates

All eyes on the Fed as they announce the size of interest rate hikes later today.

By Andy Burt | June 15, 2022

Fed Shifts Toward Rate Hikes Next Year

Fed Shifts Toward Rate Hikes Next Year

The Fed's decision to speed up the tapering of its massive bond-buying program "says something about [its] desire to raise rates."

By Matthew Heller | December 16, 2021

Experts React to Fed Chair Powell’s Renomination

Experts React to Fed Chair Powell’s Renomination

The decision to stay the course with Powell was received positively, as both Powell and new vice-chair Lael Brainard are seen as relatively dovish.

By Vincent Ryan | November 22, 2021

Fed Regional Chiefs Resign Amid Ethics Outcry

Risk & Compliance

Fed Regional Chiefs Resign Amid Ethics Outcry

The trading activities of Robert Kaplan and Eric Rosengren raised questions about whether they were "acting for personal profit" as Fed policymakers.

By Matthew Heller | September 28, 2021

Fed Signals Bond-Buying Taper Coming Soon

Fed Signals Bond-Buying Taper Coming Soon

The Fed's monthly purchases of government-backed bonds to prop up the economy "still have a use, but it’s time for us to begin to taper them."

By Matthew Heller | September 23, 2021

Fed’s Powell Orders Review of Ethics Rules

Risk & Compliance

Fed’s Powell Orders Review of Ethics Rules

The move follows the disclosure that Dallas Fed President Robert Kaplan made multiple trades worth $1 million or more last year in individual stocks.

By Matthew Heller | September 17, 2021

Progressives Urge Biden to Replace Fed Chief

Risk & Compliance

Progressives Urge Biden to Replace Fed Chief

A group including Rep. Alexandria Ocasio-Cortez says the Fed needs to be focused on "eliminating climate risk and advancing racial and economic justice."

By Matthew Heller | September 1, 2021

Powell Remains Cautious on Stimulus ‘Tapering’

Powell Remains Cautious on Stimulus ‘Tapering’

The Fed chair confirmed officials are moving toward winding down the monthly bond-buying program but was not specific about timing.

By Matthew Heller | August 27, 2021

Bond Market Pricing in at Least One Interest Rate Hike in 2022

Credit & Capital

Bond Market Pricing in at Least One Interest Rate Hike in 2022

The bond market is currently pricing in a 56.8% chance of a rate hike by December 2022.

By Lauren Muskett | July 20, 2021

Fed Officials See Inflation Surge Lasting Longer

Fed Officials See Inflation Surge Lasting Longer

"Temporary is going to be a little longer than we expected initially ... Rather than it being two to three months it may be six to nine months."

By Matthew Heller | June 23, 2021

Fed Holds Line on Rates Despite Rising Prices

Fed Holds Line on Rates Despite Rising Prices

The central bank expects to maintain ultralow rates until “inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time.”

By Matthew Heller | March 17, 2021