Economy News Why The Fed’s Powell Is Not Satisfied With The Economy That Biden Is Celebrating

Powell warns shutdown is clouding Fed’s view of the economy: 'Driving in the fog'

Federal Reserve Chairman Jerome Powell said Wednesday it remains unclear whether the ongoing government shutdown and the resulting lack of key economic data will affect the central bank’s December ... Read More

Powell Signals Fed May Not Cut Again This Year. Here’s Why.

The Federal Reserve cut interest rates by a quarter percentage point on Wednesday to 3.75-4.00% and said it would end its balance-sheet runoff on Dec 1. But the bigger news came in Chair Jerome Powell ... Read More

Future Fed Rate Cuts ‘Far’ From Certain After Divided Meeting

The Federal Reserve cut interest rates for the second time this year, although Chair Jerome Powell said a third cut is “not a foregone conclusion.” WSJ’s Nick Timiraos explains the central bank’s ... Read More

Dow’s climb toward 48,000 closing level is thwarted as Fed’s Powell pushes back on December rate cut

Wednesday’s climb toward a closing level above 48,000 for the Dow Jones Industrial Average was interrupted after Federal Reserve Chair Jerome Powell refrained from signaling that another interest-rate ... Read More