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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 ...
Introducing Bankrate’s live blog. Since its inception in 1976, Bankrate has been the top source for information on interest rates and the Federal Reserve.
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 briefing is slated for 2:30 p.m. ET. Watch the live video above. Federal Reserve Chairman Jerome Powell will on Wednesday afternoon hold a press briefing at which he is expected to announce a ...
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 ...
Powell will have to convince legislators that he can fight inflation without risking dragging down the economy. Democratic lawmakers in particular are concerned that the Fed might weaken the ...
Federal Reserve Chair Jerome Powell is slated to deliver a high-profile speech in Jackson Hole, Wyo., Friday morning about how the central bank sees the economy and what its next steps may be.