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Day: January 11, 2022

Fed Chair Powell says rate hikes, tighter policy will be needed to control inflation

U.S. Federal Reserve Board Chairman Jerome Powell speaks during his re-nominations hearing of the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington, U.S., January 11, 2022. Graeme Jennings | Reuters Federal Reserve Chairman Jerome Powell, with a seemingly clear path to a second term heading the central bank, declared Tuesday that …

Fed Chair Powell says rate hikes, tighter policy will be needed to control inflationRead More

Watch Fed Chair Jerome Powell testify live at his Senate confirmation hearing

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell testifies Tuesday before the Senate Banking Committee as part of his confirmation process to head the central bank for a second term. Powell will deliver …

Watch Fed Chair Jerome Powell testify live at his Senate confirmation hearingRead More

Will Oil Drop to $60 or Rise to $100 in 2022?

Predicting oil prices is a difficult job at the best of times. Still, it is increasingly difficult as COVID-19 and its variants continue to suspend consumers’ plans and disrupt the balance between oil demand and supply. In addition, governments are also working to dismantle the current global energy system and shift to clean energy. All …

Will Oil Drop to $60 or Rise to $100 in 2022?Read More

Fed Vice Chair Clarida to step down early following scrutiny over his trades during pandemic

Federal Reserve Vice Chairman Richard Clarida said Monday he will be leaving his post with just a few weeks left on his term and amid revelations regarding his trading of stock funds. In an announcement released Monday afternoon, Clarida said he will be stepping down from his post this Friday. His term expires on Jan. …

Fed Vice Chair Clarida to step down early following scrutiny over his trades during pandemicRead More

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