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Powell claims economy 'not sending any signals' for rushed rate cut
Powell said the central bank still has faith in a continued disinflation process.
Elon Musk backs call to place Federal Reserve under Trump's control
Musk – the richest person in the world with a net worth of $304 billion, according to Forbes – played a central role in President-elect Donald Trump’s campaign.
Fed's Jerome Powell says he would not step down if Trump asked for his resignation
When asked by reporters if he would resign per Trump’s request, Powell simply said: “No.”
Fed cuts interest rates a quarter point after Trump election victory
US central bankers slashed their key lending rate by a quarter of a percentage point as they seek to keep the US economy on solid footing in the aftermath of...
Fed minutes show big rate cut favored by 'substantial majority' with inflation slowing
"Some" participants, however, supported only a quarter-point cut, while "a few others indicated they could have supported such a decision."
US economy added 254K jobs last month — blowing past forecasts
A significantly weaker labor market increases the chances that the Fed will make deeper cuts to the benchmark interest rate.
Fed's Jerome Powell hints at more rate cuts as inflation slows but warns of 'two-sided' risks
Investors have been divided over whether the US central bank will slip into a series of quarter-percentage-point cuts now or perhaps be prompted to make another large cut.
Inflation shows further signs of cooling off as PCE rose 2.2% last month
Data through the week points to a still-resilient economy overall, leaving traders uncertain about the Fed's next move.
Biden admits economic recovery still needs 'work,' forgets meeting Fed chair in error-laden speech
President Biden confessed Thursday that there's "a hell of a lot more work to do" to tame inflation and boost the economy -- as he delivered an error-ridden speech including...
Fed's Jerome Powell admits 'we might well have' cut rates in July if it knew about jobs report
Powell, however, said the policy decision announced by the Fed on Wednesday does not mean it is behind the curve; rather, he said, it is a commitment not to be.
Here's the lone Fed governor who voted against half-point rate — first dissent since 2005
Fed chairs typically seek consensus on decisions, sometimes reaching compromises to avert open disagreement that could be seen as undercutting their credibility.
Watch Live: Federal Reserve Chairman Jerome Powell speaks after interest rate decision
Federal Reserve Chairman Jerome Powell delivers remarks following the Federal Reserve's two-day policy meeting on Sept. 18. Live coverage is scheduled for 2:30pm ET
Fed slashes interest rates by half a percentage point in bid to curb inflation without causing recession
Wall Street investors had bet that the central bank would opt for a jumbo interest rate cut over a quarter-point cut.
Fed's follies mean interest-rate cut won't ease our economic woes
The Fed is in a lose-lose scenario whatever it does: No matter how big or small the cut, it will produce more financial pain for American families.
Wall Street bets surge for jumbo half-point cut by Fed -- here's what that means for your wallet
The odds of the Fed issuing a half-point cut have increased to 61%, according to CME FedWatch.
Investor hopes high for bigger interest rate cut, sending Dow near all-time high
Traders in swaps markets predicted a 47 per cent chance that Fed officials could opt for a bumper cut at a meeting in Jackson Hole on Tuesday
US adds 142,000 jobs in August -- well below expectations
Fed Chair Jerome Powell has made clear that he doesn’t want to see the job market weaken further.
Fed's preferred inflation gauge ticked up in July as likely interest cut looms
The "core" PCE -- which excludes food and energy prices due to their volatility -- rose 2.6%, which was lower than the 2.7% that was predicted.
Federal Reserve Chair Jerome Powell says 'the time has come' to cut interest rates
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said...
Here's when most Fed officials are ready to cut rates as long as inflation keeps cooling
A lower Fed benchmark rate would lead eventually to lower rates for auto loans, mortgages and other forms of consumer borrowing and could also boost stock prices.