Tag: Powell

Powell

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Fed holds rates steady, cites 'elevated' inflation, 'high level' uncertainty from Iran war

The U.S. Federal Reserve held its benchmark interest rate steady for the third consecutive time on Wednesday, citing "elevated" inflation and a "high level" of economic uncertainty stemming from the ongoing war in Iran.

2026.4.30

Defense Secretary Pete Hegseth, right, smiles as President Donald Trump, center, speaks during a cabinet meeting at the White House on Jan. 29 in Washington. At left is Secretary of State Marco Rubio. [AP/YONHAP]

No more Mr. 'Very Nice' Guy? Trump warns that U.S. tariffs could be 'much steeper.'

President Donald Trump indicated that existing tariffs could increase significantly, citing pressure from international trade negotiations and ongoing legal challenges.

2026.1.30

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Federal Reserve Board Chairman Jerome Powell speaks during a hearing of the House Committee on Financial Services on Capitol Hill, June 24, in Washington. [AP/YONHAP]

Powell says Fed rate cut is on hold even as Trump demands cuts

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at odds with President Donald Trump’s calls for immediate cuts.

2025.6.25

Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve, on Wednesday, in Washington. [AP/YONHAP]

Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump

Federal Reserve Chair Jerome Powell defended the central bank's response to the Covid-19 pandemic Sunday in a Princeton University speech in which he also praised government employees and U.S. universities.

2025.5.26

Electronic display boards at Hana Bank in central Seoul show Wednesday market. [NEWS1]

Won and stocks decline following Fed chair's comments

Korean markets were rattled Wednesday following hawkish remarks by the Federal Reserve chairman, who cautioned that the battle against inflation isn’t over.

2023.3.8

Finance Minister Choo Kyung-ho speaks at a meeting held in central Seoul on Thursday following the Federal Reserve’s rate increase by a quarter percentage point. [YONHAP]

Despite dovish Fed, Korea remains vigilant

Uncertainties remain in Korea even as the markets celebrate the U.S. Federal Reserve's "baby-step" rate increase.

2023.2.2

Electronic display boards at Hana Bank in central Seoul shows the Kospi closing at 2,479.84 points and the won at 1,299.70 to the dollar on Thursday. [YONHAP]

Stocks and won rally as Fed chair signals conditional dovishness

Stocks and the won recovered to levels not seen in months on Thursday after the Federal Reserve Chairman signaled a slowing in the pace of interest rate increases.

2022.12.1

Tag: Powell

Powell

Latest News

Fed holds rates steady, cites 'elevated' inflation, 'high level' uncertainty from Iran war

No more Mr. 'Very Nice' Guy? Trump warns that U.S. tariffs could be 'much steeper.'

Most popular

Yoon Suk Yeol gets five years on abuse of power, obstruction charges — as it happened

Xdinary Heroes' Gunil leaves band following fan insult allegations

One idol tried to unionize K-pop. Almost no one followed.

'Pro-Japanese ancestor scanner' goes viral following actor Ha Young's family controversy

Institute says Ha Young's great-grandfather was collaborator but below threshold for listing

Powell says Fed rate cut is on hold even as Trump demands cuts

Powell defends Federal Reserve in Princeton speech amid onslaught of attacks from Trump

Won and stocks decline following Fed chair's comments

Despite dovish Fed, Korea remains vigilant

Stocks and won rally as Fed chair signals conditional dovishness