Economy News Fed Chair Powell Says The Us Economy Is In ‘solid Shape’ With Gradual Rate Cuts Coming

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

Fed minutes: Most officials supported more rate cuts but not necessarily in December

A majority of Federal Reserve policymakers expressed support in late October for further interest rate cuts, though not all committed to making the reduction at their next meeting in December, ... Read More

Fed Vice Chair Says Economic Trade-Offs Justify Lowering Rates Slowly

Philip Jefferson offered a case study in the central bank’s predicament Monday, acknowledging the risk of stubborn inflation and weaker employment conditions—dueling threats that call for opposing ... Read More

What Powell Says Today Could Matter More Than What the Fed Actually Does with Rate Cuts

The Federal Reserve meets on Wednesday, with Wall Street almost certain it will deliver a quarter-point rate cut, lowering the federal-funds ... 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

Sharp disagreements over economy threaten Federal Reserve interest rate cut

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn ... Read More

Takeaways: Fed Chair Powell says don’t count on a December rate cut

The Federal Reserve on Wednesday lowered interest rates for the second time this year in a continued bid to prevent unemployment from surging. But another rate cut at the next meeting in December “is ... Read More

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

WASHINGTON (AP) — 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 ... Read More

Federal Reserve cuts key rate yet Powell says future reductions are not locked in

Federal Reserve Chairman Jerome Powell speaks at a news conference after the Federal Open Market Committee meeting on Wednesday at the Federal Reserve Board Building in Washington. WASHINGTON — The ... Read More