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

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

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. Read More

Hiring slowdown suggests economy still needs rate cuts, Fed’s Powell says

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 more this year. Read More

Fed Chair Powell says hiring slowdown poses economic risks, hinting at more interest rate cuts

Jerome Powell said the labor market's outlook hasn't changed much since the central bank's September meeting, when it penciled in two more rate cuts this year. Read More

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

President Donald Trump has spent much of the year urging the Federal Reserve to deliver aggressive rate cuts in order to boost the economy. But the government shutdown ironically threatens the very ... Read More

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

Trump lambasted Powell this week, calling him “Jerome ‘Too Late’ Powell” in a speech to Asian business leaders . 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

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

The Federal Reserve's policy committee won't necessarily cut interest rates in December, contrary to what financial markets had expected. Read More

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

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 more this year. 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