Powell Says Fed Isn’t Rushing to Change Rates
In testimony before the Senate Banking Committee today, Federal Reserve Chair Jerome Powell stuck to last month’s message, ...
ABC News8d
Powell says Fed 'well positioned' for the 'risks and uncertainties' that lie ahead
Powell has repeatedly said that the Fed shouldn’t change the target while it is still struggling to get inflation down to 2%. After the Fed’s last policy review in 2019, it said it would seek ...
USA Today7d
Powell says Fed not 'in a hurry' to cut interest rates with 'economy remaining strong'
Federal Reserve Chair Jerome Powell said Tuesday the central bank doesn’t “need to be in a hurry” to resume its interest rate cutting campaign, noting officials reduced the rate ...
Dallas Morning News7d
Powell tells Congress that Fed still in no rush to lower rates
Screens display a news conference by Federal Reserve Chair Jerome Powell on the floor of the New York Stock Exchange in New York, Wednesday, Jan. 29, 2025. (AP Photo/Seth Wenig)(Seth Wenig / AP ...
USA Today6d
Federal Reserve Chair Jerome Powell returns to Congress following January inflation spike
Federal Reserve Chair Jerome Powell repeated on Wednesday that the central bank is in no rush to cut interest rates during a congressional hearing convened shortly after data showed U.S ...
Yahoo Finance6d
Fed rate cuts bets trimmed as Powell says 'close but not there' on inflation
Powell reinforced that view in appearances before Senate and House lawmakers Tuesday and Wednesday, saying the Fed can hold rates steady for longer if the economy remains strong and inflation does ...
Orange County Register7d
Powell says Fed ‘well positioned’ for the ‘risks and uncertainties’ that lie ahead
WASHINGTON (AP) — The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job market is solid, Chair Jerome Powell said Tuesday on ...