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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 Board Federal Reserve Chairman Jerome Powell speaks during a news conference following a Federal Open Market Committee meeting in Washington on November 07, 2024 in Washington, DC.
Federal Reserve Chair Jerome Powell speaks during a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market ...
Federal Reserve Powell Federal Reserve Board Chairman Jerome Powell speaks during a news conference at the Federal Reserve, Wednesday, Dec. 18, 2024, in Washington. (AP Photo/Jacquelyn Martin)
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 ...
Powell has said the central bank was not playing catch-up in opting for a larger rate cut, addressing criticism that the Fed should have eased rates at their last policy huddle in July.
Powell’s latest comments open the door wide open for the first interest rate cut since 2020, slated for the Fed’s upcoming policy meeting on September 17-18.
The Federal Reserve cut interest rates the second time this year, cutting its benchmark lending rate by a quarter percentage point as they extend efforts to keep the US economic expansion on solid ...