Powell terms Dept of Justice action unprecedented

Federal Reserve Chair Jerome H. Powell confirmed that the U.S. Department of Justice has served the Federal Reserve...

Prepared to raise rates further if appropriate: Fed Reserve Chair

Jerome H. Powell said, “Although inflation has moved down from its peak—a welcome development—it remains too high”.

Federal Reserve examines factors that contributed to failure of S

The US Federal Reserve Board on Friday announced the results from the review of the supervision and regulation of...

US bails out SVB depositors, says will get all their money back

"Depositors will have access to all of their money starting Monday, March 13. No losses associated with the...

US Fed chief says economic slump could stretch through end of 2021

Washington D.C. [USA], May 18 (ANI): Federal Reserve Chairman Jerome H. Powell said on Sunday that the US economy...

US economy to plunge by 30 pc due to Covid-19 crisis

Washington [USA], April 30 (ANI): The US economy is going to crash by an unprecedented 30 per cent in the second...