Economy News Fed Chair Powell The Us Economy May Be More Resistant To Interest Rates

Fed Chair Powell worried about hiring slowdown — a sign more rate cuts are coming

A sharp slowdown in hiring poses a growing risk to the US economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more this year. Read More

Fed Chair Powell Keeps Door Open For Interest Rate Cuts

Financial markets widely expect the Federal Reserve to cut borrowing costs again later this month. Federal Reserve Chair Jerome Powell kept those expectations alive and well in remarks Tuesday. Read More

Fed Chair Powell Warns of 'Challenging Situation' as Labor Market Cools and Inflation Persists

In comments to the Greater Providence Chamber of Commerce in Warwick, RI, on Tuesday, Powell said that the Fed's rate cut last week came in response to rising concerns about the labor market, ... Read More

Fed Chair Powell Says US Economy ‘Firmer’ Than Expected, But Warns of Rising Labor Market Downside Risks

Fed Chair Jerome Powell says the US labor market may be beginning to show signs of weakness. In a speech at the National Association for Business Economics Global Economy conference in Philadelphia, ... Read More

Government shutdown halts release of economic data. The Fed may be 'flying blind' on interest rates, experts say.

The shutdown could prevent the release of a jobs report on Friday. The government shutdown on Wednesday has halted the release of some major economic data at a wobbly moment for the economy, ... Read More

Hold Up! Fed Chair Jerome Powell Just Issued a Dour Warning on the Economy. Is the Bull Market in Trouble?

The Fed chair said that economic growth in the U.S. is slowing. He also said he thinks the stock market is frothy. Jerome Powell's economic outlook should make investors cautious. Is the current bull ... Read More

Fed's Miran sees Trump economic overhaul driving down rates, others see a risky bet

WASHINGTON, Sept 29 (Reuters) - New Federal Reserve Governor Stephen Miran's call for big interest rate cuts is based on faith that President Donald Trump's economic plans will quickly lower the rate ... Read More

Fed Officials May Shine Some Light on the Economy Amid Lack of Government Data Due to Shutdown

As the government shutdown enters its second week, the closure of some federal agencies leaves investors and economists in the dark as to where the economy is or might be headed. In the meantime, the ... Read More

Fed Saw ‘Risks’ to the Labor Market in September, Prompting Rate Cuts

Federal Reserve officials agreed that a weakening labor market and upside risks to inflation warranted a shift to lower interest rates, minutes of the mid-September meeting of the central bank ... Read More

No one can seem to kill America’s economy, despite everyone’s best efforts

Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ... Read More