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. — Pay and benefits for America’s workers grew more quickly in the first three months of this year, a trend that could contribute to higher inflation and raise concerns about the future path […]
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 […]
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. — The Federal Reserve has only a limited role to play in combating climate change, Chair Jerome Powell said Tuesday, a stance that puts him at odds with environmental activists who have pushed […]
NEW YORK — One of the more reliable warning signals for an economic recession is shining alarmingly brighter. The “yield curve” is watched for clues on how the bond market feels about the long-term outlook […]
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