Fed chair Powell says 'economy is doing fine' despite declining consumer sentiment

Despite concerns that President Donald Trump's tariffs and the resulting decline in orders on imports to the U.S. could lead to "empty shelves" and higher prices for consumers, Powell said he doesn't ... Read More

Fed's Powell says tariffs could lead to inflation, economic slowdown

Federal Reserve Chair Jerome Powell said in a speech today that President Trump's tariffs are likely to boost U.S. inflation. Read More

Powell says Fed can wait to lower interest rates again. But will it wait too long?

Jerome Powell said the Federal Reserve can wait to see which effect from Trump's tariffs is worse - high inflation or a weak economy. Read More

Powell Warns of ‘More Persistent’ Inflation From Tariffs

Federal Reserve Chairman Jerome Powell warned that President Donald Trump’s sweeping import tariffs could lead to inflation that could be “more persistent” than just a one-time surge in prices. Read More

The Economic Outlook Is Uncertain, but Not Unusually So, Powell Says

“Uncertainty is with us ... inflation,” Powell said. “People are feeling that, and they are not wrong. But the kind of uncertainty we have now is a usual level of uncertainty about the ... Read More

Powell says Fed not 'in a hurry' to cut interest rates with 'economy remaining strong'

At recent news conferences, he said some Fed officials have factored Trump’s plans into their forecasts for the economy, inflation ... it's so hard to say what will happen," Powell told ... Read More

Powell Says Federal Reserve Can Wait on Any Interest Rate Moves

Powell Says Federal ... most recent reports suggest the economy is in solid shape. Hiring has been solid and inflation cooled in March. Yet measures of consumer and business confidence have ... Read More

US economic activity steady in recent weeks, but uncertainty pervasive, Fed says

Household and business confidence ... inflation, remain stable. Trump has attacked Powell for not cutting rates, accusing the Fed chair of courting an economic downturn that most analysts say ... Read More

US Fed’s Powell refuses to intervene, ‘tariffs mean higher inflation and slower growth’

U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment ... Read More

Tariff-Induced Inflation Could Be ‘Persistent,’ Powell Says

The effects of the White House’s tariff policy on inflation could be less transitory and more “persistent,” said Powell on Wednesday. “Tariffs are highly likely to generate at least a ... Read More

US Fed in wait-and-see mode; uncertainty around Trump tariffs could inflict lasting economic damage, says Jerome Powell

US Federal Reserve ... Speaking at the Economic Club of Chicago, Powell also warned that President Donald Trump’s tariff policies could further distance inflation and employment from the Fed ... Read More

Powell says economy strong despite Trump policy shifts, but Americans are not so optimistic

Despite policy shifts under the Trump administration — from tariffs to immigration to federal spending — Federal Reserve Chair Jerome Powell says ... economy is growing,” he said. New jobs ... Read More