Powell made his comments just hours after the Bureau of Labor Statistics released data showing that wholesale prices rose ...
F ederal Reserve Chair Jerome Powell isn’t exactly known for his skill in calming the markets. For example, at a time when ...
Fed Chair Jerome Powell said it "may take longer than expected" for high interest rates to bring down inflation. He repeated ...
Federal Reserve Bank of New York President John Williams welcomed the arrival of softer consumer inflation data, he told ...
Policymakers left interest rates unchanged in a range of 5.25%-5.5%, where they’ve been since July. As recently as March, ...
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate committee hearing on Capitol Hill in Washington, D.C., in 2023. The Fed held interest rates steady on Wednesday and signaled ...
WASHINGTON (AP) — Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S ...
The spot price of gold rose Tuesday as a report showed wholesale inflation rose more than expected in April and Federal ...
The Federal Reserve held its benchmark lending rate unchanged Wednesday, noting a "lack of further progress" in its inflation fight, and suggested that it would hold off on rate cuts until at ...
WASHINGTON — Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest ...
Traders await the FOMC meeting minutes after stocks and bonds cheered U.S. CPI last week. The U.K. inflation report may set the stage to start Bank of England interest rate cuts. May’s purchasing ...