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

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

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

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

Why the Fed’s Next Interest Rate Move Is Becoming So Hard to Predict

What should the Fed do to fight high inflation while preventing the job market from collapsing? Ask its 12 leaders and you'll get 12 different answers. Read More

Fed Cuts Rates; Powell Says Future Cuts ‘Far From’ Certain

The Fed lowered rates by 25 basis points to 3.75%-4.00% at its October meeting. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take ... 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

Hassett Says He Would Accept Fed Chair Job, Wants Lower Rates

National Economic Council Director Kevin Hassett said he told President Donald Trump he would accept the nomination to replace Jerome Powell as Fed chair if the job was offered, adding that he would ... Read More

Fed Chair Powell Says December Interest Rate Cut Is ‘Far From’ Guaranteed

Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking down ... Read More