The Fed may have pumped so much money into the economy that it's now taking way longer to cut rates

Interest rate cuts may not come so soon amid strong job growth and persistent inflation. Read More

Fed Chair Powell says pandemic has had lasting effects on economy

U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. Read More

Powell misreads what’s powering U.S. economy, former Fed official says

Federal Reserve Chairman Jerome Powell is misreading a source of strength for the U.S. economy, a former top Fed official said Thursday. Read More

Powell: ‘No reason’ to think economy is close to recession

In what many have declared a “soft landing,” inflation has come down significantly without triggering a major economic downturn. After peaking ... is very good news,” Powell said at a ... Read More

US economic activity expanded slightly in recent weeks, Fed says

U.S. economic activity expanded slightly from late February through early April and firms signaled they expect inflation pressures to hold steady, a Federal Reserve survey showed on Wednesday, ... Read More

The Fed's Powell is bullish on the economy

The central bank held rates steady after meetings this week and released new ... economy continues its surprising ascent. At a press conference following the announcement, Fed Chair Jerome Powell ... Read More

Why is the economy so strong? New hires are spending more and upgrading their lifestyles

Americans who get new jobs spend more and step up their lifestyles. That's propping up the economy even as COVID savings run dry and debt rises. Read More

Powell says Fed needs more inflation evidence before cutting interest rates

Federal Reserve Chair Jerome Powell on Wednesday ... will carefully assess the economic picture before moving to reduce rates. "On inflation, it is too soon to say whether the recent readings ... Read More

Kevin Warsh, floated as Trump Fed chief, says Powell is ‘goosing’ the economy

While U.S. allies and adversaries alike may be impressed by the growth in the stock market and overall U.S. economic growth, “I wouldn’t say they are ... apparent dig at Powell, Trump asks ... Read More