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Jerome Powell

American central banker, and 16th Chairman of the Federal Reserve in the United States

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Jerome Powell: American central banker, and 16th Chairman of the Federal Reserve in the United States
Jerome Hayden "Jay" Powell is the 16th Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate.

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Economic burden 'has not been evenly spread' -Fed Chair [Video]

Economic burden 'has not been evenly spread' -Fed Chair

“We are in the midst of an economic downturn without modern precedent... and while the burden is widespread, it's not evenly spread" Federal Reserve Chair Jerome Powell said before speaking to..

Credit: Reuters Studio     Duration: 01:55Published
Treasury, Fed heads grilled for coronavirus response [Video]

Treasury, Fed heads grilled for coronavirus response

Treasury Secretary Steve Mnuchin and Federal Reserve Chairman Jerome Powell were in the hot seat Tuesday as they faced senators for the first time in a required update on the financial response to the..

Credit: Reuters - Politics     Duration: 02:47Published
Federal Reserve Chair Says US Economy Recovery May Begin By Summer [Video]

Federal Reserve Chair Says US Economy Recovery May Begin By Summer

If there is not another wave of COVID-19, Jerome Powell says America could start to return in this year's second half.

Credit: Cover Video STUDIO     Duration: 01:29Published
S&P jumps 3% on vaccine hopes [Video]

S&P jumps 3% on vaccine hopes

U.S. stocks soared Monday, and the S&P 500 closed at a 10-week high. As Fred Katayama reports, encouraging data for a potential coronavirus vaccine and the promise of more stimulus for the economy sent..

Credit: Reuters Studio     Duration: 01:37Published
Retail sales drop record 16.4% in April [Video]

Retail sales drop record 16.4% in April

U.S. retail sales suffered a second straight month of record declines in April as the novel coronavirus pandemic kept Americans at home. As Fred Katayama reports, it puts the U.S. economy on track for..

Credit: Reuters Studio     Duration: 01:17Published
In Gloomy Message, Fed's Powell Dials Down Happy Talk [Video]

In Gloomy Message, Fed's Powell Dials Down Happy Talk

Seven weeks ago, Fed Chair Jerome Powell publicly said he expected economic activity would resume in the second half of the year. But on Wednesday, Reuters reports Powell offered a much darker outlook...

Credit: Wochit News     Duration: 00:46Published
Fed's Powell warns economic recovery will be slow [Video]

Fed's Powell warns economic recovery will be slow

Federal Reserve Chair Jerome Powell, in a sober review of where the U.S. economy stands on the cusp of its reopening, warned on Wednesday of an "extended period" of weak growth and stagnant incomes,..

Credit: Reuters Studio     Duration: 02:07Published
Wall Street slumps after somber Fed outlook [Video]

Wall Street slumps after somber Fed outlook

Wall Street's three major indexes closed lower for the second day in a row after Federal Reserve Chairman Jerome Powell warned on Wednesday of extended economic weakness due to the coronavirus pandemic..

Credit: Reuters Studio     Duration: 02:07Published
'Extraordinary shock' -Fed Chair Powell assesses economic blow [Video]

'Extraordinary shock' -Fed Chair Powell assesses economic blow

The Federal Reserve on Wednesday left interest rates near zero and repeated a vow to use its "full range of tools" to shore up the U.S. economy amid an ongoing coronavirus pandemic that will not only..

Credit: Reuters - Politics     Duration: 02:21Published
Wall Street rallies on promising coronavirus drug [Video]

Wall Street rallies on promising coronavirus drug

U.S. stocks surged on Wednesday as hopes for an effective COVID-19 treatment prompted a broad rally and helped investors shrug off bleak GDP data and words of warning from U.S. Federal Reserve Chair..

Credit: Reuters Studio     Duration: 02:20Published
Fed chief sees road to recovery, warns on 'false start' [Video]

Fed chief sees road to recovery, warns on 'false start'

The U.S. economy could be headed "fairly quickly" toward recovery if people stay home, government gets aid to businesses and households, and public health officials create a national plan to restart..

Credit: Reuters Studio     Duration: 01:39Published

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