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Hopes for more Fed rate cuts dim

Hopes for more Fed rate cuts dim as Powell notes hot CPI means 'we're not quite there yet'

A Fed interest rate cut won't be coming until at least September, if at all this year, following a troubling inflation report Wednesday.

The Associated Press on MSN · 4h

Powell says Trump’s comments won’t affect interest rate decisions by the Fed

Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions.

WGBH · 6h

Federal Reserve's Jerome Powell says there's no need to rush on interest rate cuts

Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.

US inflation jump puts Fed officials on notice

Reuters · 2h

US inflation jump puts Fed officials on notice as Powell testifies

Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business executives and the public that they may be waiting longer than they had thought for relief from high interest rates,

Bloomberg L.P. · 4h

Powell Says Latest Inflation Data Show Fed Has More Work To Do

Federal Reserve Chair Jerome Powell said the latest consumer price data show that while the central bank has made substantial progress toward taming inflation, there is still more work to do.

U.S. News & World Report · 2h

Fed's Powell Says Central Bank Still Has Access to Data It Needs

Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its work. Speaking before a House panel as the Trump administration has been stripping government websites from various data sets,

1don MSN

Key takeaways from Fed Chair Jerome Powell’s congressional hearing

America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage of questions about the Consumer ...

23h

What Time Will Fed's Jerome Powell Speak to Congress—and How to Watch His Testimony

Federal Reserve Chair Jerome Powell is on Capitol Hill this week for his twice-yearly testimony before Congress. Powell ...

23h

Watch live: Fed Chairman Jerome Powell testifies in Congress with tariffs looming

Federal Reserve Chair Jerome Powell testifies on Capitol Hill for committees that oversee the central bank and the financial ...

1don MSN

Powell says Fed 'well positioned' for the 'risks and uncertainties' that lie ahead

The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...

1don MSN

Fed chair Jerome Powell brushes off possibility Trump could fire Fed officials: ‘Well, it’s pretty clearly not allowed under the law’

Federal Reserve chair Jerome Powell was once again clear he did not believe the president has the ability to interfere in the ...

Fed's Powell, quizzed about trade, Musk, and bank safety, says economy is fine

U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the ...

Rep. Waters Urges Powell to Maintain Fed Independence

House Financial Services Committee Ranking Member Rep. Maxine Waters, a Democrat from California, urged Federal Reserve Chair ...

Santa Rosa Press Democrat16h

Fed chair says bank accounts 'safe' despite Trump's teardown of consumer protection agency

Federal Reserve Chair Jerome Powell says Americans’ bank accounts are safe despite the Trump administration’s shutdown of a ...

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