Economy News Powell Says U S Economy Is In ‘solid Shape’ — And The Fed Intends To Keep It That Way

Does the U.S. have a 'K-shaped economy'? What it means for you.

Upper-income Americans are doing better, while low- and moderate-income households are falling behind. Why does that matter? Read More

Jerome Powell says the AI hiring apocalypse is real: ‘Job creation is pretty close to zero’

Federal Reserve Chair Jerome Powell drew a stark picture of a labor market that looks fine on the surface—4.3% unemployment, solid consumer spending—but is quietly losing momentum underneath. Once you ... 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

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

Wall Street Warns Of ‘K-Shaped’ Economy—Here’s What To Know

As Americans have raised concerns about rising prices, a possible recession, a cooling labor market and an ongoing government shutdown in recent months, economists have warned the U.S. economy may be ... Read More

Powell Signals Fed May Not Cut Again This Year. Here’s Why.

Powell acknowledged “strongly different views” within the Federal Open Market Committee during October’s policy decision. Read More

Powell Says Eventually Fed Will Expand Balance Sheet Again

In order to keep enough liquidity in the financial system to keep interest rates under control, at some point the Fed will again expand its holdings, Powell said after the latest Federal Open Market ... Read More

Powell said the Fed will know if something big happens to the U.S. economy

Jerome Powell said the government shutdown would not prevent the Federal Reserve from recognizing if the U.S. economy suddenly faced great difficulty or showed a big rebound. "I think if something ... Read More

Future Fed Rate Cuts ‘Far’ From Certain After Divided Meeting

The Federal Reserve cut interest rates for the second time this year, although Chair Jerome Powell said a third cut is “not a foregone conclusion.” WSJ’s Nick Timiraos explains the central bank’s ... Read More