Fed Chair Jerome Powell Says No Need to ‘Hurry’ to Cut Rates
19 hours ago · LM Otero/Associated Press. Jerome H. Powell, the chair of the Federal Reserve, said that a solid economy with low unemployment, robust consumer spending and strengthening business investment gave ...
Powell says no need for Fed to rush rate cuts given strong economy
19 hours ago · The economy's strengths include a still-low 4.1% unemployment rate, growth at what Powell called a "stout" 2.5% annual pace that remains above Fed estimates of its underlying potential, consumer ...
Fed’s Powell: Rate cuts are still underway | CNN Business
19 hours ago · Powell said more rate cuts are likely underway because the economy’s current trends and dynamics are expected to remain in place, at least in the short run. That includes a slowing job market ...
Powell says Fed will likely cut rates cautiously given persistent ...
19 hours ago · WASHINGTON (AP) — Chair Jerome Powell said Thursday that the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next. Powell, speaking in Dallas, said that inflation is edging closer to ...
Fed’s Powell Says No Need to Hurry Rate Cuts With Economy …
19 hours ago · Powell’s remarks prompted traders to pare back expectations for a December rate cut, with the policy-sensitive yield on two-year Treasuries rising as much as eight basis points to 4.36% Thursday.
Fed's Powell: US economy solid, gradual interest rate cuts coming | AP News
Sep 30, 2024 · WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy.
Live updates: First Fed rate cut since Covid | CNN Business
Sep 18, 2024 · Hear Jerome Powell explain decision to slash interest rates. 01:24 - Source: CNN. What we covered here. In a significant shift for the US economy, the Federal Reserve announced a jumbo-sized...
Fed Announces Big Rate Cut - The New York Times
Sep 18, 2024 · Tom Brenner/Reuters. The Federal Reserve cut interest rates on Wednesday by half a percentage point. Here are some takeaways from the decision and from remarks by the Fed chair, Jerome H. Powell....
Fed Chair Powell says 'time has come' for interest rate cut - NBC News
Aug 23, 2024 · Federal Reserve Chair Jay Powell said Friday he expects the central bank will cut its key interest rate in the near future in response to slower economic growth and cooling inflation.
Stocks Rise as Fed Chair Powell Signals Rate Cuts in Jackson Hole ...
Aug 23, 2024 · Jerome H. Powell indicated the Federal Reserve will begin to cut interest rates in September, but stopped short of stating how large that move might be. The time has come for policy to adjust.