jerome powell
Tariffs will likely push inflation higher, Fed Chair Jerome Powell warns, rebuffing Trump's bid to cut rates
His remarks come amid growing unease in financial markets as the impact of Trump’s latest round of tariffs on key trade partners continues to unfold.
Fed leaves interest rates unchanged as it warns on growth, inflation
Central bankers kept their policy unchanged at a target rate between 4.25% and 4.5%, which was reached after a series of three rate cuts in the second half of 2024.
Fed chair Jerome Powell says he's in no hurry to cut rates amid Trump policy shifts
"We are focused on separating the signal from the noise as the outlook evolves," Jerome Powell said.
US adds 151K jobs in February as hiring holds steady in first full Trump report
The figures came in below expectations of 160,000 jobs, but still represented an increase from January's underwhelming 143,000 jobs.
Fed’s shift to ‘inclusive’ employment goal may be to blame for rising inflation: economists
Economists have been sounding the alarms that the Fed’s “inclusive” employment strategy may be to blame for staggering inflation.
Fed Chair Jerome Powell in no hurry to cut rates because the economy is 'strong overall'
"Policy is well positioned to deal with the risks and uncertainties that we face."
Fed keeps interest rates unchanged -- pushing Trump to bash Powell for failing to stop 'problem they created'
Fed Chair Jerome Powell said "we do not need to be in a hurry to adjust our policy stance" and monetary policy is "well positioned" for the challenges at hand.
US inflation ticks up again — but Dow surges as key Fed gauge dips
Prices increased for rent, airfares, new and used cars and trucks, medical care and motor vehicle insurance.
Fed expected to pump brakes on rate cuts in 2025 as Trump policies stir concern
Some officials expressed support for keeping the central bank’s key rate unchanged, the minutes from last month's meeting said.
Joe Biden's fiscal time bomb is set to explode just in time time for Trump to take office
As evidence keeps building that the hapless Biden administration couldn’t end fast enough, there’s also evidence that the first Trump presidency of strong growth and low inflation pre-COVID won’t return...
Jittery Wall Street traders should remember that the alternative to Donald Trump's economic plans was Kamala Harris' devastating socialism
The stock market dropped nearly 1,200 points Wednesday as investors digested Fed Chair Jerome Powell’s halting explanation of persistent inflation.
Trump says he won't try to replace Fed Chair Jerome Powell despite past feuds
"I think if I told him to [go], he would. But if I asked him to, he probably wouldn't," Trump told Kristen Welker.
Fed Chair Jerome Powell says central bank 'can afford to be a little more cautious' in cutting rates
Ahead of his appearance, investors had been leaning into an expectation for a third straight interest rate cut.
Fed minutes show volatility was reason to go slow on rate cuts as Trump policies cloud outlook
According to the minutes, Fed officials appeared to steer clear at this session of any discussion about the economic implications of Trump's coming return to office.
Powell claims economy 'not sending any signals' for rushed rate cut
Powell said the central bank still has faith in a continued disinflation process.
Elon Musk backs call to place Federal Reserve under Trump's control
Musk – the richest person in the world with a net worth of $304 billion, according to Forbes – played a central role in President-elect Donald Trump’s campaign.
Fed's Jerome Powell says he would not step down if Trump asked for his resignation
When asked by reporters if he would resign per Trump’s request, Powell simply said: “No.”
Fed cuts interest rates a quarter point after Trump election victory
US central bankers slashed their key lending rate by a quarter of a percentage point as they seek to keep the US economy on solid footing in the aftermath of...
Fed minutes show big rate cut favored by 'substantial majority' with inflation slowing
"Some" participants, however, supported only a quarter-point cut, while "a few others indicated they could have supported such a decision."
US economy added 254K jobs last month — blowing past forecasts
A significantly weaker labor market increases the chances that the Fed will make deeper cuts to the benchmark interest rate.