Economy News Us Economy No Longer Overheated, Fed S Powell Tells Congress

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

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

Powell Signals Fed May Not Cut Again This Year. Here’s Why.

Powell acknowledged “strongly different views” within the Federal Open Market Committee during October’s policy decision. Read More

Fed divisions threaten Powell's era of consensus

Disagreement and dissent among the Federal Reserve's 19-strong monetary policymaking committee is deepening as the fog of economic uncertainty thickens, putting Chair Jerome Powell's ... Read More

Trump got what he wanted from the Fed chair. But the economy is still wobbly.

Trump lambasted Powell this week, calling him “Jerome ‘Too Late’ Powell” in a speech to Asian business leaders . Read More

Fed Chair Jerome Powell Just Gave Investors a Reality Check -- Here's Your Playbook for What Comes Next

That puts the Federal Reserve in a tough spot as it wrestles with its dual mandate of low inflation and full employment. Chairman Jerome Powell has made several public appearances in the last month or ... Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed’s Powell says

WASHINGTON — 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 ... Read More