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

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

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

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

Diccon Hyatt is an experienced financial and economics reporter. He's written hundreds of articles breaking down complex financial topics in plain language, emphasizing the impact that economic ... 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

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

Fed Chair Jerome Powell Said the 6 Words Wall Street and Investors Are Thinking but Are Too Terrified to Accept

In late September, Fed Chair Powell delivered a speech in Rhode Island, where he was questioned about the variables the Fed's Board of Governors considers when making monetary policy decisions. In ... Read More

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

Read full article: Man identified after death in crash involving motorcycle, 18-wheeler on Interstate 10, ME’s office says WASHINGTON – The Federal Reserve cut its key interest rate Wednesday for a ... Read More

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

WASHINGTON — The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring, even as inflation stays elevated. But Fed Chair ... Read More