Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on ...
America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer ...
Powell warned that quicker rate cuts could potentially reignite inflation, while a prolonged pause could destabilize the ...
The Fed’s big announcement Wednesday on interest rates was no surprise. But it will still impact Californians and their money. The Federal Open Market Committee said that after reviewing the economic ...
Sen. Elizabeth Warren (D-Mass.) and Rep. Maxine Waters (D-Calif.) teamed up to question the Federal Reserve’s proposal to ...
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions ...
With regard to tariffs and the Fed, Neil Shearing, chief economist at Capital Economics, summed it up this way on Monday: ...
This week’s forthcoming Consumer Price Index report could show easing year-on-year inflation, increasing the potential for ...
Watch live coverage as Federal Reserve Chair Jerome Powell testifies before the House Financial Services Committee. Powell told senators yesterday the Fed doesn’t need to rush to cut rates since the e ...
A rate pause means there's still time to score a high annual percentage yield, or APY, on a CD. Banks tend to follow the Fed's lead when setting CD rates, so we're likely to see APYs hold steady for ...
Global markets faced turbulence following the announcement of new US tariffs on steel and aluminum. Wall Street's major ...
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...