Fed Chair Shows Little Urgency to Lower Rates
Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s policy independence is in the spotlight.
Fed in no hurry to adjust rates, Powell says
With less restrictive monetary policy and a continued strong economy, the Federal Reserve will not rush to further reduce interest rates, Chair Jerome H. Powell told lawmakers Feb. 11. “We do not need to be in a hurry to adjust our policy stance,” Powell said in testimony before the Senate Banking Committee.
Powell says Trump’s comments won’t affect interest rate decisions by the Fed
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions.
Federal Reserve's Jerome Powell says there's no need to rush on interest rate cuts
Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.
Fed Chair Powell says central bank doesn't ‘need to be in a hurry' to lower interest rates further
Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s 2% goal.
Watch: Fed Chair Powell’s Testimony on Capitol Hill
Federal Reserve Chair Jerome Powell delivered a simple message to Congress to start two days of testimony on Tuesday: Because the economy is doing well, the Fed can take its time to decide when and wh
Powell Says Fed Is in No Rush to Change Rates
Good morning. Jerome Powell says the Fed can be patient before lowering rates again. Meta extends its rally to 17 days. And a bourbon barrel worth at least $212,500 is up for auction. Listen to the day’s top stories.
S&P 500 Jumps Despite Fed Chair Jerome Powell’s Interest Rate Warning
The S&P 500 (SPX) jumped today despite a warning from Federal Reserve Chairman Jerome Powell about future interest rate cuts. Powell noted
Read Jerome Powell’s Prepared Remarks
Statement by Jerome H. Powell, Chair, Board of Governors of the Federal Reserve System before the Committee on Banking, ...
Fed’s Powell sidesteps Trump’s tariff policies, repeats support for free trade
Federal Reserve Chairman Jerome H. Powell treaded carefully Tuesday around questions about President Donald Trump’s new trade ...
Powell says Fed 'well positioned' for the 'risks and uncertainties' that lie ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...
Federal Reserve Chair Jerome Powell returns to Congress following January inflation spike
The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.
Bessent on Powell: ‘I’m sure he’s going to do the right thing’
Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in Fed Chair Jerome Powell, breaking from ...
Donald Trump is just one of the Fed’s problems
Federal Reserve Chair Jerome H. Powell faces four challenges at once, all of them daunting.
Jerome Powell Testimony Live: We are not there on inflation
Jerome Powell, Chairman of the United States (US) Federal Reserve (Fed), repeated that they do not need to be in a hurry to ...