Tag Archives: Fed

Fed gives tacit nod to strong U.S. dollar on back of rate hikes

Federal Reserve Chairman Jerome Powell. (Getty/Kyodo)   U.S. Federal Reserve Chairman Jerome Powell gave tacit approval Thursday for a stronger U.S. dollar as a result of increased interest rates to tackle decades-high inflation. Asked about the economy’s response to the Fed’s normalization of monetary policy after keeping rates at near-zero …

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Dollar regains strength as focus shifts to Powell’s testimony

Here is what you need to know on Wednesday, June 22: The dollar is capitalizing on safe-haven flows early Wednesday and gathering strength against its major rivals. Investors grow increasingly concerned over a global recession as major central banks remain on track to continue to tighten their policies to battle …

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