President Joe Biden called the Federal Reserve's decision to lower interest rats "good news" and says he never spoke to the Fed chairman as president.
The Federal Reserve’s first key interest rate cut in four years coincides with another major four-year event: the home stretch of the presidential election.
Jerome Powell, chairman of the US Federal Reserve ... concerned about this year's price increases,” which pressed the Fed to raise interest rates. “Increased concern about the virus could ...
The chairman of the Federal Reserve says the time ... path back to 2 percent," Jerome Powell said in remarks at the Fed's annual economic conference in Jackson Hole, Wyoming.
Before joining Raw Story, Brad Reed spent eight years writing about technology at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet ...
U.S. stock futures rose on Wednesday as investors awaited the start of Federal Reserve chairman Jerome Powell ... question of when and by how much the Fed may cut interest rates in the coming ...
This anticipation exerts downward pressure on the USD. Further focus is on Fed Chairman Jerome Powell's forthcoming speech at the Jackson Hole symposium, scheduled for Friday. The financial ...
He said that further cooling would be unwelcome in the US jobs market. The Fed Chair also exuded confidence that inflation is within reach of the US central bank's target levels. "The direction of ...
Fed Chair Jay Powell’s speech at the Jackson Hole symposium acknowledged that it was time to cut interest rates from their two-decade high. “The time has come for policy to adjust,” Powell said.
President Biden confessed Thursday that there’s “a hell of a lot more work to do” to tame inflation and boost the economy — ...