Abstract: A cordless powered ratchet wrench includes a ratchet actuator that selects a direction of rotation of an output shaft that is adapted to hold rotating tools for use. The ratchet actuator also serves as a ratcheting stop to permit a limited amount of ratcheting motion for manual tightening or loosening of a nut, bolt or the like. A lost-motion drive transmits power from a battery to the output shaft while permitting nearly two full circles of ratcheting rotation. An external pushbutton operates internal switches to connect a rechargeable battery in a desired direction, and also functions as an interlock to prevent reversal of the direction in which torque is applied while the pushbutton is engaged.