WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy. His […]
WASHINGTON, D.C. — Federal Reserve Chair Jerome Powell proclaimed victory in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech last Friday in Jackson Hole, Wyoming. Under Powell, […]
WASHINGTON, D.C. — The Federal Reserve faces a cooling job market and persistently high prices, Chair Jerome Powell said in testimony Tuesday. This shift in emphasis away from the Fed’s single-minded fight against inflation of […]
WASHINGTON, D.C. — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest rates three times this year, a move that’s expected to begin as […]
WASHINGTON — The Federal Reserve kept its key interest rate unchanged last week for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next […]
LOS ANGELES — The average long-term U.S. mortgage rate dropped below 7% to its lowest level since early August, another boost for prospective homebuyers who have largely been held back by sharply higher borrowing costs […]
WASHINGTON — Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said Friday. Speaking at Spelman College in Atlanta, […]
WASHINGTON — Federal Reserve Chair Jerome Powell suggested this past Thursday that the Fed is in no hurry to further raise its benchmark interest rate, given evidence that inflation pressures are continuing to ease at […]
WASHINGTON — Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market. Powell noted […]
WASHINGTON, D.C. — Surging interest rates are intensifying the challenges for the U.S. economy and threatening to derail the Federal Reserve’s drive to tame inflation without causing a deep recession. Since mid-summer, the yield on […]
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