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

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

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 target range to 3.75% to 4.00%. It would mark the second ... Read More

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

The Federal Reserve cut interest rates by a quarter percentage point on Wednesday to 3.75-4.00% and said it would end its balance-sheet runoff on Dec 1. But the bigger news came in Chair Jerome Powell ... Read More

Powell sees U.S. economy growing at 1.6% rate this year

Fed Chair Jerome Powell said the U.S. economy is growing at a slower pace this year. Powell said the Fed staff sees economy growing at a 1.6% annual rate, down from a 2.4% rate in 2024. "We've still ... 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

Fed lowers rates, but Powell suggests move may be the last of 2025

WASHINGTON, Oct 29 (Reuters) - A policy divide within the U.S. central bank and a lack of federal government data may put another interest rate cut out of reach this year, Federal Reserve Chair Jerome ... 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

Powell says eventually Fed will expand balance sheet again

NEW YORK, Oct 29 (Reuters) - Federal Reserve Chair Jerome Powell said the U.S. central bank, having just stopped shrinking its balance sheet, will have to start growing it again at some point. In ... Read More

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

Federal Reserve Chairman Jerome Powell said Wednesday it remains unclear whether the ongoing government shutdown and the resulting lack of key economic data will affect the central bank’s December ... Read More

Powell Says AI Investment “Big Deal,” but Not Rate-Sensitive

Enormous capital expenditures in artificial intelligence technology and data centers are helping to drive growth in the U.S. economy and stock market, but Powell said Wednesday that he doesn’t expect ... Read More