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

WATCH: Powell holds news briefing after Fed decision to cut interest rates

WASHINGTON (AP) — The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row Wednesday but signaled that it may leave rates unchanged in the coming months. Watch ... Read More

The Fed admits it can’t easily fix an economic problem it helped create

Low-income Americans have missed out on the wealth effects that have benefited the highest earners. The Fed, which has played a role in what economists refer to as the K-shaped economy, can’t easily ... Read More

Opinion: Why Jerome Powell was right all along about interest rates, inflation and the economy

If the president had gotten his way, inflation would surely be rocketing again, the economy would be overheating and the Fed would have to raise short-term rates again. Read More

Fed cuts interest rates for third straight time amid uncertainty over labor market, inflation

The Federal Reserve on Wednesday announced its third interest rate cut of the year as policymakers moved forward with the cut to support the labor market despite elevated inflation. Fed policymakers ... Read More

How AI Could Reshape the Economy and the Job Market: Here's Fed Chair Powell's Perspective

Federal Reserve Chair Jerome Powell says AI spending is lifting growth and could help boost productivity, but raises questions about the impact it may have on the labor market. Read More

Big Changes Coming to the Fed—And Interest Rates—Next Year If This Frontrunner Gets Powell’s Job

Trump gets to nominate a replacement for Jerome Powell, whose term expires in May, and who has resisted Trump's demands for steep rate cuts. Kevin Hassett, the front-runner to become the next chair of ... Read More

The Fed just cut interest rates for the third-straight time

• The Federal Reserve cut interest rates Wednesday by a quarter point as expected, lowering borrowing costs for the third time this year. • Wall Street rallied after Fed Chair Jerome Powell ruled out ... Read More

Even if Fed cuts rates again, US economy may not get much of a boost

Federal Reserve officials are poised to cut interest rates again next week, but any benefit to the economy is likely to take much longer to show up than normal and may be blunted by factors that ... Read More

Donald Trump Warns of New ‘Rule’ for Next Fed Chairman

Trump says his next Fed chair must cut rates during strong markets, blasting rate hikes he says punish economic success. Read More

Jerome Powell Worried About New ‘K-Shaped’ Economy

Federal Reserve chair Jerome Powell has expressed concern over the so-called "K-shaped" economy the U.S. is experiencing. Read More

Trump wants his Fed chair to cut rates. The economy may have other ideas.

The hits keep coming for President Donald Trump’s future nominee to head the Federal Reserve. Trump openly acknowledged in an interview with POLITICO’s Dasha Burns that he would only pick someone to ... Read More