Craig Torres
Bloomberg
Washington, DC, United States
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Past articles by Craig:
Powell Vows to Limit Fed’s Climate Role to Protect Independence
Federal Reserve Chair Jerome Powell sought to draw a line around how far the central bank will use its powers to promote a greener economy, vowing it will not be a climate regulator. → Read More
Jerome Powell signals downshift likely next month, more hikes to come
The U.S. Federal Reserve will push rates higher than previously expected and keep them there for an extended period, Chair Jerome Powell said Wednesday, in remarks likely intended to underscore the Fed's single-minded focus on combating stubborn inflation. → Read More
Powell Says Economy May Be Entering ‘New Normal’ After Pandemic
Federal Reserve Chair Jerome Powell said the US economy may be entering a “new normal” following disruptions from the Covid-19 pandemic. → Read More
Powell signals more pain to come with U.S. Fed sending rates higher
U.S. Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected. → Read More
Powell signals more pain to come with U.S. Fed sending rates higher
U.S. Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected. → Read More
Fed Delivers Third-Straight Big Hike, Sees More Increases Ahead
Federal Reserve Chair Jerome Powell vowed officials would crush inflation after they raised interest rates by 75 basis points for a third straight time and signaled even more aggressive hikes ahead than investors had expected. → Read More
Women Are Smashing the Construction Industry’s Concrete Ceiling as Labor Shortages Leave a Void
Record vacancies are forcing changes in what’s been an all-male bastion. → Read More
Where Does the Fed Go From Here? For Jay Powell, the Only Focus Is Inflation
The Fed chair is going to do whatever it takes to stamp out rising prices, even if means causing a recession. → Read More
Powell Wins Senate Confirmation for Second Term as Fed Chair
The Senate voted to confirm Jerome Powell for a second four-year term as Federal Reserve chair on Thursday, trusting him to tackle the highest inflation to confront the country in decades. → Read More
Powell hardens hawkish pivot toward half-point Fed rate hikes
Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market as overheated. → Read More
Powell says Fed is ready to raise rates faster if needed
Federal Reserve Chair Jerome Powell said the central bank is prepared to raise interest rates by a half percentage-point at its next meeting if needed, deploying a more aggressive tone toward curbing inflation than he used just a few days earlier. → Read More
Powell sees Fed rate liftoff in March while Ukraine fogs outlook
Federal Reserve Chair Jerome Powell said the central bank expects to raise interest rates later this month. → Read More
Brainard’s Fed Contention Puts Focus on Inflation, Jobs Views
(Bloomberg) -- Federal Reserve Governor Lael Brainard’s recent interview for the U.S. central bank’s top job has heightened focus on her views on inflation... → Read More
Brainard Interviewed by Biden for Fed Chair as Search Heats Up
Federal Reserve Governor Lael Brainard was interviewed for the top job at the U.S. central bank when she visited the White House last week, according to people familiar with the discussions, signaling that Chair Jerome Powell has a serious rival as President Joe Biden considers who will lead the Fed for the next four years. → Read More
U.S. Fed to start tapering asset buys by US$15B later this month
The Federal Reserve said it will begin winding down its monthly asset purchases later this month at a pace of US$15 billion per month, while expressing less certainty that the jump in inflation will prove temporary. → Read More
Fed’s Vice Chair Defends His ‘Integrity’ After Trading Revelations
Federal Reserve Vice Chair Richard Clarida, defending his reputation after disclosures about his trading activity last year, said he had always upheld the highest standards of public service. → Read More
Clarida Traded Into Stocks on Eve of Powell Pandemic Statement
(Bloomberg) -- Federal Reserve Vice Chair Richard Clarida traded between $1 million and $5 million out of a bond fund into stock funds one day before Chair... → Read More
Warren Opposes ‘Dangerous’ Powell for Second Term as Fed Chair
(Bloomberg) -- Senator Elizabeth Warren, pressing Federal Reserve Chair Jerome Powell on his record on financial regulation, said she wouldn’t support him... → Read More
Powell Hears Americans’ Laments on Job-Market Woes, Supply Chain
Federal Reserve Chair Jerome Powell listened to a litany of ways in which the U.S. economy remains distorted by Covid-19 as he and his colleagues calibrate withdrawing emergency pandemic support. → Read More
Biden Has Room to Reshape the Fed in America's Changing Image
Multiple seats on the U.S. central bank’s board are in play. → Read More