Economy News Powell Misreads What’s Powering U S Economy, Former Fed Official Says

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

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

Stocks sink after Powell says December rate cut ‘not a foregone conclusion’

The chairman said there was no consensus among the 19 people who participated in this week’s Federal Open Market Committee meeting about what should be done with interest rates at the Fed’s next ... Read More

Powell sees U.S. economy growing at 1.6% rate this year

Fed Chair Jerome Powell said the U.S. economy is growing at a slower pace this year. Powell said the Fed staff sees economy growing at a 1.6% annual rate, down from a 2.4% rate in 2024. "We've still ... Read More

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 Says Eventually Fed Will Expand Balance Sheet Again

NEW YORK (Reuters) -Federal Reserve Chair Jerome Powell said the U.S. central bank, having just stopped shrinking its balance sheet, will have to start growing it again at some point. In order to keep ... Read More