News Wrap: Fed Chair Powell defends aggressive rate hikes, admits recession is possible
In our news wrap Wednesday, Federal Reserve Chair Jerome Powell pledged to raise interest rates enough to douse inflation without sparking a recession, Russian artillery battered Kharkiv in Ukraine’s northeast, Sri Lanka’s prime minister declared his nation’s economy is in…
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WATCH LIVE: Federal Reserve Chair Powell testifies before Senate as interest rates, inflation rise
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WATCH LIVE: Federal Reserve Chair Powell gives news briefing following interest rate announcement
Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: TikTok: https://www.tiktok.com/@pbsnews Twitter: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Facebook: http://www.pbs.org/newshour Subscribe: PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts Newsletters: https://www.pbs.org/newshour/subscribe
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Biden meets with Fed chair in push to address record inflation
President Biden called in the head of the Federal Reserve Tuesday to talk about the worst inflation in 40 years. But he pledged to respect the central bank’s independence. The president met with Jerome Powell, who recently won senate confirmation…
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Investors scramble as the S&P 500 dives into bear market territory
Financial markets closed out the week with yet another head-spinning day, with one of the main indexes, the S&P 500, plunging for almost three hours into bear market territory, signifying a drop of 20 percent or more from its prior…
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Stocks plummet in worst day since pandemic began as ‘economic forecast darkens’
The stock market had its worst day since the start of the pandemic on Thursday, just one day after the Dow Jones Industrial Index average posted its best day since 2020. Washington Post columnist Catherine Rampell joins Judy Woodruff to…
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News Wrap: Secretary of State Antony Blinken tests positive for COVID
In our news wrap Wednesday, Secretary of State Antony Blinken tested positive for COVID-19, Beijing shut down dozens of subway stations and bus routes as it tries to stem a COVID outbreak, Wall Street shot higher after Fed chair Jerome…
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Federal Reserve implements largest interest rate hike since 2000
The Federal Reserve raised interest rates again Wednesday in an effort to stamp down surging inflation. It increased rates by a half-percentage point, a move that will affect the pocketbooks of millions of Americans. Fed Chair Jerome Powell said more…
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