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FILE PHOTO: Yellen and Powell testify on the CARES Act at the Hart Senate...

Fed chief has Biden's confidence, but no decision on renomination

(Reuters) -U.S. President Joe Biden said on Tuesday he has confidence in Federal Reserve Chair Jerome Powell, after an influential senator in his party's progressive wing stepped up her critique of the central bank chief and raised questions about his leadership.

FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks...

Fed's Bullard: U.S. businesses having no problems raising prices

U.S. businesses are having few problems raising prices on customers for the first time in years, St. Louis Federal Reserve Bank President James Bullard said on Monday, as he warned that inflation could remain elevated for some time to come amid fears higher expectations become entrenched.

A U.S. one dollar banknote is seen in front of displayed stock graph in...

Transitory inflation is a fig leaf that’s slipping

Central bankers love the word “transitory” – possibly too much. Officials like U.S. Federal Reserve Chair Jerome Powell and European Central Bank President Christine Lagarde resort to it to explain why higher inflation doesn’t warrant a speedy reversal of ultra-loose monetary policies supporting pandemic-damaged economies. But the adjective is doing a lot of heavy lifting.

FILE PHOTO: Federal Reserve Chair Jerome Powell testifies on Capitol Hill...

Fed's Powell holds fast to 'this year' timeline for bond-buying taper

Federal Reserve Chair Jerome Powell, in a speech that affirmed an ongoing U.S. economic recovery and explained why there is no rush to tighten monetary policy, gave a detailed account on Friday of why he regards a spike in inflation as temporary and offered no signal on when the central bank plans to cut its asset purchases beyond saying it could be "this year."

FILE PHOTO: Federal Reserve Chair Powell seen in Wyoming in 2015

Powell's wait-and-see speech reassures some investors

CHICAGO/NEW YORK (Reuters) -U.S. Fed Chair Jerome Powell's wait-and-see approach in a much-anticipated address on Friday gave investors and market participants some reassurance that the central bank's extraordinary efforts to prop up the economy were likely to support riskier assets a while longer.

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