Chair Powell

Fed Chair Powell: Business debt is rising but does not pose a threat to the system – CNBC

Federal Reserve Chairman Jerome Powell said rising levels of corporate debt need watching but so far do not pose a threat to the financial system. The central bank chief spoke Monday at the Financial Markets Conference in Amelia Island, Florida, on assessing risks to the financial system a decade after the end of the financial […]

Fed's Powell

Fed’s Powell says ‘no rush’ to hike rates in ‘solid’ but slowing economy – Reuters

WASHINGTON (Reuters) – The Federal Reserve is in “no rush to make a judgment” about further changes to interest rates, Fed Chairman Jerome Powell told U.S. lawmakers on Tuesday as he spelled out the central bank’s approach to an economy that is likely slowing. In two hours of testimony to the Senate Banking Committee, Powell […]