Jerome Powell

Federal Reserve head Jerome Powell excoriated the leadership of Silicon Valley Bank on Wednesday, painting the second-largest bank failure in U.S. history as an isolated instance caused by poor judgment."At a basic level, Silicon…

Investors and employees at Swiss bank Credit Suisse are growing nervous following the news that the financial institution has collapsed. On Monday afternoon Australian time (Sunday local time), investment bank Credit Suisse announced that…

The controversial rescue deal for troubled lender Credit Suisse and the continuing fallout from the collapse of Silicon Valley Bank indicates the world is sliding into a crisis “far worse” than the GFC, one analyst has argued.Following…

U.S. Federal Reserve Chair Jerome Powell addresses reporters after the Fed raised its target interest rate by a quarter of a percentage point, during a news conference at the Federal Reserve Building in Washington, February 1, 2023.Jonathan…

The lightning collapse of three banks and financial industry rescue of a fourth has put a spotlight on the Federal Reserve's decision next week on whether to continue raising interest rates.Just two weeks after Fed Chair Jerome…

U.S. Federal Reserve Chair Jerome Powell responds to a question from David Rubenstein (not pictured) during an on-stage discussion at a meeting of The Economic Club of Washington, at the Renaissance Hotel in Washington, D.C., U.S, February…

Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee March 7, 2023 in Washington, DC.Win Mcnamee | Getty ImagesMarkets have changed their mind — again — about what they think the Federal Reserve will do next…

After the sudden collapse of Silicon Valley Bank, California Democratic Rep. Maxine Waters started furiously working the phones to find out what was going on with the failed lender — and what would happen to its panicked…

As the fallout from Silicon Valley Bank's failure continues to unfold, the Federal Reserve needs to slow down before "a lot more stuff" breaks, Altimeter Capital's Brad Gerstner told CNBC's Halftime Report Monday.Gerstner said he wasn't…

Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled The Semiannual Monetary Policy Report to the Congress, in Hart Building on Tuesday, March 7, 2023.Tom Williams |…