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

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

Key Takeaways Federal Reserve Chair Jerome Powell said it was "not a foregone conclusion" that the Fed will cut interest rates in December.Before Powell's press conference, financial markets had ... 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

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

WASHINGTON (AP) — 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 ... Read More

Fed official forecasts huge economic shift coming soon

A growing number of Fed officials have been warning that inflation remains “too high” and could derail progress toward the central bank’s 2% goal. And the government shutdown means the Fed will be ... Read More

Powell warns shutdown is clouding Fed’s view of the economy: 'Driving in the fog'

Federal Reserve Chairman Jerome Powell said that a lack of key data due to the government shutdown will cause the central bank to be cautious until it has a clearer view of the economy. Read More

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

President Donald Trump received a long-awaited gift from America’s central bank today: lower interest rates for the second consecutive month. The news was delivered by one of the public officials he ... Read More