Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.

Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s ...

During congressional testimony, Federal Reserve Chair Jerome Powell said he supports changes to the supplemental leverage ...

Things aren‘t going as planned. Inflation just rose to an 18-month high, and the Fed has stopped saying that it‘s making “progress toward the 2 percent ...

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 ...

In testimony before the Senate Banking Committee today, Federal Reserve Chair Jerome Powell stuck to last month’s message, ...

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 ...

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 ...

Last year, Trump suggested the U.S. president should have "at least" a say over setting interest rates, something that would ...

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 ...

Global equity markets surged on Tuesday, with the SP 500 and European shares closing at record highs amid strong U.S.

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 ...