Jerome Powell finally does it: Fed Chair cuts interest rates a quarter of a percent

Fed Chair cuts interest rates a quarter of a percent - The rate cut comes as Trump stages an unprecedented assault on independence of the Federal Reserve ... Read More

The Fed cuts interest rates by 25 basis points after disappointing job growth — and mounting political pressure

Federal Reserve Chair Jerome Powell said the central bank will cut interest rates by a quarter point, following rising inflation and slow job growth. Read More

Watch live: Fed Chair Jerome Powell answers reporter questions after first rate cut of 2025

Federal Reserve Chair Jerome Powell is set to speak with reporters following the central bank's decision to deliver the first interest rate cut of 2025. Policymakers lowered rates by a quarter ... Read More

Federal Reserve lowers interest rates by 0.25 percentage points in first cut since December

The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market. Read More

Federal Reserve cuts interest rates for the first time this year

The central bank faces attacks on its independence and an uncertain economy defined by tariffs and slowing job growth. Read More

If The Trump Economy Is ‘Booming,’ Then It Doesn’t Need The Fed

Capital flows to where it’s treated well. Remember this amid President Trump’s endless jawboning of Jerome Powell. According to Trump, along with his various cheerleaders inside and outside the ... Read More

Fed Chair Jerome Powell is worried about the job market. Here are 3 red flags for workers.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ... Read More