News

Fed chief Powell is starting to worry about the reliability of economic data
Cuts to the Bureau of Labor Statistics could be clouding jobs and inflation data, complicating the Fed's data-driven rate ...
Powell Says End of Fed’s Interest Paid to Banks Won’t Save Money
Federal Reserve Chair Jerome Powell said a proposal to eliminate the interest paid to banks that deposit cash at the central ...
Howard Lutnick Accuses Jerome Powell Over Trump Tariff Revenue
Powell said the Federal Reserve will not cut interest rates until the impact of tariffs on inflation is clearer.
Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates
The Fed chair told lawmakers that the central bank could afford to be patient amid uncertainty about how President Trump’s ...
Read Powell's Prepared Remarks
Below are Chair Jerome Powell's prepared remarks to the House Committee on Financial Services. He's expected to deliver ...
S&P 500, Nasdaq set to open higher as Middle East tensions cool; Powell in focus
Wall Street's S&P 500 and Nasdaq indexes were on track for a higher open on Wednesday as a ceasefire between Israel and Iran ...
Powell Tells Congress Fed Remains Committed to Fighting Inflation Amid Uncertainty Over the Impact of Tariffs
The Federal Reserve chairman says he still does not know how much of an impact President Donald Trump’s tariffs will have on ...
Fed Chair Powell speaks on Capitol Hill this week with politics front and center
White House officials have raised the heat on Powell to lower rates. Now he's faced with two key Fed officials who have said ...