WATCH: Powell says Trump’s calls for lower interest rates won
22 hours ago · READ MORE: Fed’s independence from politics is vital to interest rate decisions, Powell says. On Wednesday, the government reported that inflation picked up last month, with consumer prices ...
Powell says Trump's comments won't affect interest rate …
1 day ago · 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. “People can be confident that we’ll continue to keep our heads down, do our work, and make our decisions based on what’s happening in the economy,” Powell said, under questioning from members of ...
Fed not 'in a hurry' to cut interest rates again, Powell tells Senate
2 days ago · After hiking its key interest rate to a 23-year high of 5.25% to 5.5% in 2022 and 2023 to tame a pandemic-induced inflation surge, the Fed cut the rate by a total percentage point at three ...
Fed’s Powell hints at no interest rate cut in March - CNN
2 days ago · On interest rates, Powell’s stance that the Fed ought to hold rates steady jibes with those of other Fed officials and also with Wall Street, which is betting that interest rates will be held ...
Fed Chair Powell says central bank doesn't 'need to be in a hurry' …
1 day ago · Federal Reserve Chair Jerome Powell on Tuesday reiterated the central bank’s commitment to bringing inflation down and signaled that policymakers aren’t in a rush to push interest rates lower.
Fed Chair Jerome Powell Shows Little Urgency to Lower Rates
2 days ago · Jerome H. Powell, chair of the Federal Reserve, signaled little urgency to lower interest rates with the economy sturdy and inflation still too high in a hearing with lawmakers on Tuesday.
Powell says Fed will likely cut rates cautiously given persistent ...
Nov 14, 2024 · WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and …
'The time has come' to lower interest rates: Fed Chair Jerome Powell
Aug 23, 2024 · Federal Reserve chairman Jerome Powell says he's increasingly confident that inflation will soon be tamed, setting the stage for the central bank to start cutting interest rates next month.
Fed's Powell: US economy solid, gradual interest rate cuts …
Sep 30, 2024 · WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.
Fed Chair Powell says 'time has come' for interest rate cut - NBC News
Aug 23, 2024 · Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation.