jerome - updates

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Fed chair warns of 'significant uncertainty' around U.S. recovery

Jun 17, 2020 - 8:35 AM

Unless consumers feel confident COVID-19 has been defeated, 'a full recovery is unlikely,' warns United States Federal Reserve Chair Jerome Powell

EMERGENCY MOVE. United States Federal Reserve Chairman Jerome Powell announces an interest rate cut during a speech on March 3, 2020 in Washington, DC. Photo by Mark Makela/Getty Images/AFP

Spike in black unemployment 'heartbreaking' – Fed's Powell

Jun 11, 2020 - 8:15 AM

While the United States posted a surprising decline in its overall unemployment rate in May 2020, for black workers it actually ticked up a notch

PORTRAIT. An image of George Floyd is painted on the road near a memorial site outside Cup Foods on June 3, 2020 in Minneapolis, Minnesota. Photo by Stephen Maturen/Getty Images/AFP

U.S. risks 'permanent damage' from extended shutdown – Mnuchin

May 20, 2020 - 7:00 AM

United States Treasury Secretary Steven Mnuchin tells senators the government is 'conscious of the health issues' involved with reopening and they want it done 'in a balanced and safe way'

HALTED. A view shows near-empty Pentagon City Mall in Arlington, Virginia, on March 17, 2020. Photo by Mandel Ngan/AFP

U.S. facing severe crisis, but not a depression – Fed's Powell

May 18, 2020 - 11:30 AM

United States Federal Reserve Chair Jerome Powell says the US economy could 'easily' collapse by 20% to 30% in the 2nd quarter of 2020, but 'it should be a much shorter downturn' than in the 1930s

CENTRAL BANK. In this file photo taken on April 2, 2020, the Federal Reserve and United States flags wave above the Federal Reserve building in Washington, DC. Photo by Olivier Douliery/AFP

Virus emergency spending costly but worth it – U.S. Fed's Powell

May 13, 2020 - 11:15 PM

'Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery,' says United States Federal Reserve Chairman Jerome Powell

RATE CUT ANEW. In this file photo, United States Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, DC, on July 31, 2019. File photo by Andrew Caballero-Reynolds/AFP

Global virus deaths top 60,000, Trump warns of 'tough week' ahead

Apr 05, 2020 - 11:30 AM

COVID-19 infects more than 1.17 million across nations, with Europe bearing the brunt of the pandemic

COVID-19 EPICENTER IN THE US. A person walks down Wall Street on April 2, 2020 in New York City. Photo by Spencer Platt/Getty Images/AFP

U.S. Fed watching global economy for signs of infection from virus

Jan 30, 2020 - 2:45 PM

The United States Federal Reserve says 'there will clearly be implications' for Chinese output, but it is still 'very uncertain' how far it will spread

U.S. Fed lowers key interest rate as 'insurance' against economic risks

Oct 31, 2019 - 3:15 PM

'We took this step to help keep the US economy strong in the face of global developments,' says United States Federal Reserve Chairman Jerome Powell

Federal Reserve Board Chairman Jerome Powell holds a news conference on October 30, 2019 in Washington, DC. - The US Federal Reserve cut its benchmark interest rate for the third straight time on Wednesday, but the central bank remains divided, with two of the 10 voting members dissenting. And the Fed's policy-setting Federal Open Market Committee made a key change in the wording of the statement, which makes it less certain it will make another move in December. (Photo by Eric BARADAT / AFP)

U.S. Fed cuts key interest rate a quarter point, citing 'uncertainties'

Sep 19, 2019 - 12:40 PM

The United States Federal Reserve lowers the benchmark interest rate by 25 basis points to a target range of 1.75% to 2%, but its policy committee is divided

RATE CUT. United States Federal Reserve Chairman Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on July 31, 2019. Photo by Andrew Caballero-Reynolds/AFP

LIST: These celebrities are also reservists in the AFP

Aug 22, 2019 - 7:00 PM

The AFP reserve force is now star-studded

RESERVISTS. Matteo Guidicelli, Dingdong Dantes, and Vilma Santos are among the celebrities who are part of the AFP reserves. Rappler file photos

IMF tells Trump: It's not working

Aug 22, 2019 - 10:31 AM

In unusually blunt language, the IMF blog post says US policy moves are counterproductive, won't achieve the desired results, and will slow the global economy

NOT WORKING. File photo of US President Donald Trump. Photo by Saul Loeb/AFP

After a year of Trump pressure, U.S. Fed struggles to communicate

Jul 28, 2019 - 11:20 PM

The United States Federal Reserve suffers a number of awkward stumbles in communications, while facing repeated attacks from US President Donald Trump

US Federal Reserve Board Chairman Jerome Powell addresses a dinner following the Conference "Bretton Woods: 75 years later - Thinking about the next 75 years" at the Banque de France headquarters in Paris on July 16, 2019. (Photo by ERIC PIERMONT / AFP)

Filipino-Canadian couple in Toronto launches online wedding boutique

Jul 27, 2019 - 1:56 PM

Sinta & Co. aims to connect Filipino diaspora to their roots and celebrate their heritage

CULTURAL JOURNEY. Gelaine Santiago and Jérôme Gagnon-Voyer talk to artisans in Ilocos Norte. Contributed photo

U.S. Fed to look 'carefully' at Facebook virtual coin Libra

Jun 26, 2019 - 1:15 PM

Federal Reserve chairman Jerome Powell becomes the latest official to voice concern over the global virtual currency unveiled last week by Facebook


U.S. Fed opens door to rate cut amid growing 'uncertainties'

Jun 20, 2019 - 2:35 PM

The US Federal Reserve says trade friction and slowing growth worldwide have led many central bankers to feel the case for an interest rate cut has 'strengthened'

RATE UNCHANGED. United States Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting on March 20, 2019, in Washington, DC. Photo by Brendan Smialowski/AFP

U.S. Federal Reserve leaves key rate unchanged amid mixed economic signals

May 02, 2019 - 5:25 PM

The United States Federal Reserve votes unanimously to keep the benchmark interest rate in a range of 2.25% to 2.5%

Federal Reserve Board Chair Jerome Powell speaks during a press conference after a Federal Open Market Committee meeting in Washington, DC, on May1, 2019. - The US Federal Reserve decided Wednesday to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy. (Photo by MANDEL NGAN / AFP)

Princeton salutes Maria Ressa, alumni in ‘Time 100’ most influential list

Apr 19, 2019 - 10:32 AM

Distinguished Princeton University alumni have also called on government officials, policy makers, and businesses to ‘press’ the Philippine government to end its harassment of Ressa and the Philippine press

TIME MAGAZINE 'ICON.' Rappler CEO Maria Ressa answers questions after she plead 'not guilty' to the 4 cases of tax evasion lodged against her and Rappler on April 3, 2019. Photo by Jire Carreon/Rappler

U.S. Fed now expects no rate hikes in 2019

Mar 21, 2019 - 1:50 PM

The United States Federal Reserve's surprising change of direction follows the 4 rate increases in 2018

Federal Reserve Chairman Jerome Powell during a press briefing following a Federal Open Market Committee meeting March 20, 2019 in Washington, DC. - Powell said Wednesday it could be "some time" before the US central bank will have to change the key lending rate. The Fed kept the benchmark borrowing rate unchanged and forecast no more increases this year. (Photo by Brendan Smialowski / AFP)

Fed to hold fire on interest rates as world economy slows

Mar 17, 2019 - 11:10 PM

Economists also expect the United States Federal Reserve to once again lower the number of rate hikes projected in 2019

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC, on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

Trump downbeat on Fed as markets nosedive

Dec 26, 2018 - 8:33 AM

President Donald Trump rails against the Federal Reserve amid a US stock market on track for its worst December since the Great Depression

US President Donald Trump speaks to the press aboard Air Force One in flight as he travels from Joint Base Andrews in Maryland, to Bedminster, New Jersey, June 29, 2018. / AFP PHOTO / SAUL LOEB

U.S. Fed raises benchmark interest rate

Sep 27, 2018 - 11:55 AM

US President Donald Trump says he is 'not happy' about the move of the central bank

U.S. FEDERAL RESERVE. Chairman Jerome Powell speaks during a news conference in Washington, DC on March 21, 2018. File photo by Alex Wong/Getty Images/AFP

'Walwal' review: Old and haggard

Jun 30, 2018 - 12:56 PM

'Jose Javier Reyes seems to be the perfect person to offer the delayed retort to all the millennial gripes that have bombarded Philippine cinema. Sadly, Walwal isn’t that film.'

'Walwal': A movie millennials can relate to

Jun 26, 2018 - 8:30 AM

The stars of 'Walwal' hope parents understand their kids better as a result of the movie

Screenshots from YouTube/Regal Entertainment

New leader to take the helm at U.S. Federal Reserve

Feb 04, 2018 - 10:09 AM

Jerome Powell takes over at a remarkably quiet time following a decade of economic turmoil that forced the central bank into uncharted policy waters to try to recover from the global financial crisis

NEW FED CHAIR. In this file photo, Jerome Powell testifies during his confirmation hearing before the Senate Banking, Housing and Urban Affairs Committee November 28, 2017 on Capitol Hill in Washington, DC. Alex Wong/Getty Images/AFP

Trump taps Jerome Powell to lead U.S. Federal Reserve

Nov 03, 2017 - 11:56 AM

President Donald Trump has decided not to reappoint current Fed Chair Janet Yellen, the first woman to oversee monetary policy, despite praising her excellent management of the US economy over the past 4 years

NOMINEE. US President Donald Trump walks with Jerome Powell, his nominee to be Federal Reserve chairman, at the White House in Washington, DC, on November 2, 2017. Photo by Nicholas Kamm/AFP

Trump set to undo another Obama legacy with Fed pick

Nov 02, 2017 - 10:04 AM

(UPDATED) Jerome Powell, a Federal Reserve Governor, is Donald Trump's pick to replace Janet Yellen at the helm of the US central bank

OUTGOING AND INCOMING. This combination of pictures created on October 31, 2017 shows a September 20, 2017 photograph of current Federal Reserve Chair Janet Yellen (L) in Washington, DC and a June 5, 2012 photograph courtesy the US Federal Reserve of Governor Jerome H. Powell. Photos by Saul Loeb/AFP (Yellen) and Britt Leckman/US Federal Reserve (Powell)

Swiss target PSG boss, ex-FIFA exec in World Cup rights probe

Oct 13, 2017 - 2:49 PM

The Swiss attorney general's office say the probe centers on allegations including bribery, fraud, criminal mismanagement and forgery of a document

INVESTIGATION. Jerome Valcke, who was Sepp Blatter's right-hand man at FIFA, has denied the allegations. Photo by Fabrice Coffrini/AFP

3 days after leaving jail, 3 brothers killed in Cebu drug bust

Oct 02, 2017 - 11:15 PM

Police say the Umpad brothers were killed after fighting back in a buy-bust operation, but the suspects' mother says her sons were sound asleep when cops barged into their home

'West Side Story' in Living Color: Race relations onstage

Aug 20, 2017 - 11:49 AM

Only those with rose tinted glasses will be too blind to see this immortal story s true – a stinging indictment of the American Dream

News Briefs: May 1, 2017

May 01, 2017 - 8:00 AM

Stories from across the Philippines on Monday May 1

HTI fire: Worker dies in hospital

Feb 05, 2017 - 9:05 AM

UPDATED This is the first officially confirmed fatality in connection with the February 1 fire inside the Cavite Export Processing Zone

Photo by Naoki Mengua/Rappler

PNP: Criminal charges vs Kho, protesters in US embassy dispersal

Nov 21, 2016 - 10:05 PM

Both the police and the protester groups are guilty of inflicting physical harm against each other and several of them have sustained injuries as a result the report says

CLASH. Protesters and police clash outside the US embassy in Manila, October 19, 2016. Photo by Ben Nabong / Rappler

Coast Guard eyes armed escorts for foreign ships plying Basilan Strait

Nov 12, 2016 - 6:31 PM

The Philippine Coast Guard is also looking into the publication of a notice to mariners on critical areas following the abduction of crewmembers of a Vietnamese flagged vessel off Basilan

Miriam told young supporters: 'Huwag kayong iiyak'

Oct 01, 2016 - 4:25 PM

Young supporters of the late Senator Miriam Defensor Santiago help in attending to more than 50 000 visitors during her wake

IN PHOTOS: Duterte dines with soldiers wounded in action

Aug 30, 2016 - 7:20 PM

President Duterte gives the soldiers electric wheelchairs and laptops and says he wants to reinvent them after their sacrifice for the country

LISTENING EAR. President Rodrigo Duterte tries to comfort 2nd Lieutenant Jerome Jacuba, who lost his eyesight during a fellowship dinner in Malacañan’s Heroes Hall on August 29, National Heroes’ Day. KING RODRIGUEZ/PPD

The Drug War: Safe for the good

Aug 22, 2016 - 4:09 AM

Ask them if they are afraid and they will hesitate and then they will say no It is not dangerous said a young tricycle driver who knew Jerome You will be safe for as long as you are good

Duterte teary-eyed as he meets blind soldier

Aug 02, 2016 - 8:13 PM

Jerome Jacuba is hugged by President Duterte who himself becomes emotional The 28 year old 2nd lieutenant was blinded when shrapnel exploded near his eyes in early March

PH is fastest-growing smartphone market in ASEAN – report

Jun 17, 2016 - 6:27 PM

Up to 3 5 million smartphones were shipped to the Philippines in the first quarter of 2016 market research firm International Data Corporation says

Cagayan de Oro school officials face illegal recruitment, estafa charges

Jun 01, 2016 - 10:15 AM

Graduates of a technical vocational school claim they were deceived by officials who promised them jobs abroad but the school says the alleged recruiter is to blame

Public Attorney's Office chief wants Caticlan airport ‘bullet’ case dismissed

May 25, 2016 - 9:00 AM

Acosta says they filed the motion to quash motion for determination of probable cause and motion to suspend arraignment of Jerome Sulit who is charged before RTC Branch 9 for illegal possession of ammunition

Blatter, ousted for corruption, 'astonished' that FIFA sacked Kattner for corruption

May 25, 2016 - 12:44 AM

I have never met a more honest man than Markus Kattner says disgraced ex president Sepp Blatter of the man accused of giving himself millions in bonuses

SEEMS LIKE A NICE GUY. Sepp Blatter, who is serving a 6-year ban from FIFA for massive financial irregularities which have stained the world football governing body, can't imagine finding fault in the now-ex deputy general secretary Markus Kattner. File photo by Steffen Schmidt/EPA

Bayern Munich vs Benfica: Jalan lapang melanjutkan tradisi

Apr 05, 2016 - 8:26 PM

Kata Pep kekalahan pahit dari tim Portugal musim lalu tak boleh terulang

Thomas Mueller (kiri) saat musim lalu dikirim pulang oleh Barcelona di semifinal. Musim ini mereka belum bertemu Barca. Foto: Facebook FC Barcelona.

RCBC money-laundering scam mirrors sins of the past

Mar 29, 2016 - 10:40 AM

[EXCLUSIVE] Documents obtained by Rappler show executives of RCBC Securities knew of irregular transactions by a rogue trader early on but failed to take action

FIFA reveals Blatter's salary for the first time, $122 million loss

Mar 18, 2016 - 12:37 PM

FIFA revealed the salary of its disgraced ex leader Sepp Blatter for the first time and also revealed a 122 million loss as corruption scandals hit world football

Sepp Blatter's salary has been revealed for the first time. File photo by Steffen Schmidt/EPA

NEDA: More Filipinos employed in Jan 2016

Mar 12, 2016 - 12:12 PM

Labor groups say more jobs are being generated for the 2016 elections but they expect unemployment to rise again after the polls

MORE JOBS. Government data show that employment among Filipinos improved in January 2016. Photo by Roy Lagarde/Rappler

Philippine Catholic church defends Pacquiao on gay marriage stance

Feb 21, 2016 - 2:50 PM

Father Jerome Secillano defends Pacquiao s opposition to gay marriage but says Pacquiao should respect homosexuals and not condemn them

BUSINESS AS USUAL. Manny Pacquiao continues training despite the backlash over his comments on same-sex marriage. Photo by Wendell Alinea

FIFA confirms 5 presidential candidates a month from election

Jan 26, 2016 - 9:46 PM

The election will take place on February 26 in Zurich

FIFA fires secretary general Valcke

Jan 13, 2016 - 7:31 PM

The former right hand man to FIFA president Sepp Blatter has been accused of aiding a scheme to sell 2014 World Cup tickets on the black market

FIRED. The FIFA Emergency Committee decided, on January 9, 2016, to dismiss Jerome Valcke, seen here in this file photo from March 2014, from the position of FIFA Secretary General with immediate effect. File Photo by STEFFEN SCHMIDT/EPA

Our Awesome Food Trip: 4 new must-try spots

Dec 28, 2015 - 8:59 AM

Rappler goes to town with Our Awesome Planet’s Anton Diaz We had superfood bibingka wagyu kebab ‘faux’ gras and more

Man facing perjury charges in Harbour Centre row

Dec 13, 2015 - 4:32 PM

The Quezon City Prosecutors Office says Jerome Canlas made untruthful statements in documents