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Federal Reserve Chair Jerome Powell will remarks Thursday afternoon as the independent central bank prepares to cut interest rates for a second time. The decision comes after the administration ...
Federal Reserve Chair Jerome Powell told House lawmakers Wednesday that interest rate cuts are likely "at some point" in 2024, and that he is open to large changes to a controversial proposal ...
Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of ...
Powell’s comments come as the Fed is expected to cut interest rates later this month for the third time this year. The central bank began to lower borrowing costs in September after inflation ...
Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.
Powell testified Wednesday that interest rates have likely peaked, hovering at 5.4%, a 23-year high. In December, Fed officials projected three rate cuts this year, but Powell wasn't ready to say ...
On the topic of interest rates, Powell said the Fed can afford to cut its benchmark rate cautiously, because the economy is doing better than the Fed thought it was in September, when it collectively predicted four rate cuts in 2025 after three cuts in 2024. “We’re not quite there on inflation, but we’re making progress,” Powell said.
Federal Reserve Chair Jerome Powell sent a straightforward message to markets in a key speech on Friday, saying "the time has come" for the central bank to begin lowering interest rates.