• Powell Says Better Child Care Policies Might Lift Women in Work Force

    1 month ago - By NY Times

    The Fed chair said better caregiving options was an “area worth looking at” for Congress, while reiterating the central bank's full-employment pledge.
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  • Dow closes at record high as Powell signals Fed to remain accommodative

    Dow closes at record high as Powell signals Fed to remain accommodative

    1 month ago - By Business Insider

    Summary List Placement
    The Dow Jones Industrial Average closed at record highs on Wednesday as Federal Reserve Chairman Powell signaled that the Fed will continue to remain accommodative.
    Powell wrapped up his second day of testimony to Congress and said the economy still needs support given that the unemployment rate and inflation has yet to reach the Fed's target.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    The Dow closed at record highs on Wednesday after Federal Reserve Chairman Jerome Powell wrapped up his second day of testimony to Congress.
    Powell...
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  • Dow closes at record high as Powell signals Fed to remain accommodative

    1 month ago - By Business Insider

    Xinhua/Wang Ying/ Getty Images
    The Dow Jones Industrial Average closed at record highs on Wednesday as Federal Reserve Chairman Powell signaled that the Fed will continue to remain accommodative. Powell wrapped up his second day of testimony to Congress and said the economy still needs support given that the unemployment rate and inflation has yet to reach the Fed's target. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The Dow closed at record highs on Wednesday after Federal Reserve Chairman Jerome Powell wrapped up his second day of testimony to Congress...
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  • Chairman Powell: Fed is in no hurry to raise interest rates

    1 month ago - By Chron

    WASHINGTON - Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it believes its goals on maximum employment and inflation have been reached.
    Powell also warned that many who had worked in industries hardest hit by the pandemic and ensuing recession will likely need to find different jobs.
    As he did before the Senate Banking Committee on Tuesday, Powell told the House Financial Services Committee that the Fed is in no hurry to raise its benchmark short-term interest rates or to begin trimming its $120 billion...
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