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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.
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 all but proclaimed victory in the fight against inflation and signaled that interest rate cuts are coming in a much-anticipated speech Friday in Jackson Hole ...
Powell in his speech Thursday emphasized that getting to the Fed's target would still be challenging. "We know that ongoing progress toward our 2% goal is not assured," he said. Inflation, he ...
For the second straight year, the annual Jackson Hole Economic Symposium hosted by the Kansas City Fed will be held virtually and away from the scenic backdrop of Grand Teton National Park.
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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In 2022, Powell sent the markets plunging after vowing in a shorter-than-typical speech to do what it takes to get inflation back to the central bank’s 2% target, warning higher rates could ...