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The Fed cut rates by half a point in September, marking the central bank’s first rate-reduction during a 2 1/2 year battle against inflation in the wake of the COVID-19 pandemic.
Federal Reserve Chair Jerome Powell held a briefing Wednesday afternoon as the central bank was set to cut interest rates for a third time. The Fed first cut rates by half a point in September and ...
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, June 12, 2024. ... As Powell himself put it, the Fed's forecasts are ...
Trump economic adviser Scott Bessent has suggested that even if the president-elect can’t replace Powell before his term ends, Congress could approve a Fed chair designate who would act as a ...
Fed Chair Jerome Powell set the table for a slowdown in the Fed's recent pace of rate hikes during a highly-anticipated speech on Wednesday. Powell signals 0.50% rate hike in December, citing need ...
The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s ...
Trump nominated Powell to lead the Fed in 2017. Powell's term as Fed chair ends May 15, 2026. Powell's term as Fed chair ends May 15, 2026. —This is a breaking story and will be updated.
For starters, Fed officials are lacking clarity on the U.S. economy when they need it most. U.S. employers created just 12,000 jobs last month, an unexpectedly weak number that could’ve been ...