Behind closed doors, Federal Reserve policy makers worry markets are making their efforts to control inflation harder. But every time he goes out in public, Jerome Powell gives them more room to run.
The cyberattack on a UK-based software firm that upended some derivatives trading doesn’t pose a “systemic risk to the financial sector,” a senior official in the US Treasury Department said Wednesday.
Emerging markets lit up green as Federal Reserve Chair Jerome Powell nodded at the progress made against US inflation, adding fuel to Wall Street’s bullish outlook on developing assets.
MetLife Inc., the biggest U.S. life insurer, said profit fell in the fourth-quarter from a year ago with premiums, fees and other income declining as investment income faltered.
Federal Reserve Chair Jerome Powell warned against any assumption that the central bank can rescue the economy if Congress fails to raise the federal debt ceiling — a move that could force the Treasury into a payments default.
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