News

Fed recap: Powell says no decision on September, must wait to see tariff impact on inflation

The central bank kept its target rate at a range of 4.25% to 4.50%, but two policymakers disagreed with the decision.

Fed rate cut odds go on a roller coaster ride after Powell, PCE, and jobs data

U.S. Federal Reserve rate cut odds have gone on a wild journey since Wednesday. Chances of a September rate cut plunged below ...

Summers Backs Powell’s Silence on Staying On at Fed Past May

Former Treasury Secretary Lawrence Summers backed Jerome Powell’s silence on whether he will step down from the Federal ...

Fed press conference: Why Powell stayed silent on September cuts

Federal Reserve Chair Jerome Powell left the door closed during the Fed's press conference regarding a September interest ...

Powell didn’t just refuse to deliver a rate cut—he also hinted a raise could have been on the cards

Powell put a cat among the pigeons by suggesting he was minded to "look through" tariff-induced inflation by not increasing ...

The Fed snubbed the president’s plea to cut interest rates and instead held them steady.

Federal Reserve Chairman Jerome Powell has warned that tariffs are already driving up prices in a sharp rebuke to Donald ...