Economy News Powell ‘no Reason’ To Think Economy Is Close To Recession

Are we in a K-shaped economy? Delayed employment numbers could reveal recession odds

The gap between the richest and poorest Americans is widening in what Fed Chair Jerome Powell called a 'bifurcated economy.' Here's the breakdown. Read More

Jerome Powell’s era of consensus at the Fed is over

Federal Reserve policymakers are split over whether they should continue cutting interest rates, ending the long stretch of consensus that has defined Chair Jerome Powell’s leadership of the central ... Read More

Jerome Powell may have just given stock investors a new reason to be worried

The economy and the stock market may eventually respond favorably to the change of policy, but if history is any guide, things will get worse before they get better. U.S. Federal Reserve Chair Jerome ... Read More

Recession fears mount as Fed says more rate cuts could follow hiring slowdown

A sharp slowdown in hiring poses a growing risk to the U.S. 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

Recession fears mount as Fed says more rate cuts could follow hiring slowdown

This is read by an automated voice. Please report any issues or inconsistencies here. A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said ... Read More