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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 ...
Powell's remarks on Friday were reminiscent of those he delivered at Jackson Hole in 2022, in which the Fed chair offered a direct assessment of the economic outlook and, at the time, the need for ...
The moment was emblematic of Powell's current approach of preparing for Trump's policies but not changing course just yet. For now, Powell and his colleagues Wednesday decided in a split vote to ...
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.
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 Chair Jerome Powell said the central bank will likely cut rates ... Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board ...
Pinned post. Fed follows through, cutting interest rates by a quarter of a percentage point. The Federal Reserve cut interest rates for the second consecutive meeting on Thursday, this time by a ...