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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.
Fed Meeting Live Updates: Powell discusses latest rate cut, inflation and Trump. ... Today’s the day: The Federal Reserve is about to announce what it decided to do with interest rates at its ...
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 decision came as inflation picked up slightly last ...
Blame COVID. Or the economic gyrations that followed the public health crisis. “The story is still just we’re unwinding from these large shocks that the economy got in 2021 and 2022," Powell said.
Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve in Washington, Wednesday, Sept. 18, 2024. (AP Photo/Ben Curtis)
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 ...
Federal Reserve Chairman Jerome Powell is testifying before the Senate Banking Committee on Tuesday, as part of his semiannual appearance before Congress. Powell will have to convince legislators ...
The Fed chose to keep interest rates steady on Wednesday, holding off on another increase despite two consecutive months of accelerating inflation. Previous… Watch live: Fed Chair Jerome Powell ...