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Fed Chair Jerome Powell is taking questions from journalists after the central bank held interest rates steady following three consecutive cuts at the end of 2024.
Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy. Powell has put interest rate cuts on hold amid ...
Federal Reserve Chair Jerome Powell held a briefing Wednesday afternoon as the central bank was set to cut interest rates for a third time. The decision came as inflation picked up slightly last ...
U.S. stocks wavered on Wednesday, following two job prints that showed the labor market remains tight amid sticky inflation.
Ahead of Powell's speech, investors had priced in nearly 100% odds the Fed would lower rates next month, with odds on a cut of 0.25% vs. 0.50% standing at roughly two to one.
Federal Reserve Chair Jerome Powell said Tuesday that it will take "longer than expected" to achieve the confidence needed to get inflation down to the central bank’s 2% target, signaling that ...
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Below is the full text of Powell’s speech: August 26, 2022 ... in my view our economy continues to show strong underlying momentum. The labor market is particularly strong, but it is clearly out ...