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Federal Reserve Chair Jerome Powell noted that policymakers weighed recent downward revisions to employment figures when assessing the health of the labor market ahead of their rate cut decision.
The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States.It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises.
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States ...
Susan M. Collins (born 1958/1959) [1] is an American economist who has served as the 14th president and CEO of the Federal Reserve Bank of Boston since July 1, 2022. She is the first African American woman and first woman of color to lead any of the 12 regional Federal Reserve Banks. [2] Collins previously served as the 16th provost and ...
The Federal Reserve faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony Tuesday to Congress, a shift in emphasis away from the Fed's single-minded ...
Luke Tilley, chief economist for Wilmington Trust, said the Fed's predicted path is too slow for an economy where the job market has normalized and inflation is likely to reach the Fed’s 2% ...