CNN3d
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 ...
USA Today3d
Fed faces thorny decisions as it weighs when to lower interest rates amid Trump's tariffs
Federal Reserve Chair Jerome Powell was expected to be grilled by U.S. lawmakers Tuesday about when the central bank will resume its interest rate cutting campaign after pausing last month amid ...
Fox Business2d
Tariffs could factor into Fed's rate-cut plans amid inflation concerns, experts say
A hotter-than-expected inflation report from January and uncertainty over the impact of President Donald Trump's tariff plans on consumer prices could factor into the Federal Reserve's rate-cut ...
CNN2d
DOGE’s power expands as federal agencies start planning large-scale layoffs
The next stage of the Trump administration’s efforts to slash the federal workforce is underway. Agency leaders have been told to begin preparations for large-scale layoffs, known as reductions ...
American Banker28d
Fed pulls out of international climate policy group
The Federal Reserve has withdrawn from the international policy group behind its recent push into climate scenario testing. In a 5-0 vote on Thursday, the Fed's Board of Governors opted to leave the ...
The Hill2d
Judge won’t halt Trump, Musk federal worker buyout program
A federal judge declined to further pause a federal government buyout program, enabling the government to forge ahead with its “Fork in the Road” program. U.S. District Judge George O’Toole ...
The New York Times15d
The Fed Is Sitting on the Sidelines, but for How Long?
What’s remarkable is that the Federal Reserve hasn’t yet needed to get involved in any of them. Enjoy the calm while it lasts. I think it’s a good bet that what we are seeing is a rare ...
Forbes24d
Fed Very Likely To Wait Until March For Next Interest Rate Cut, Maybe Longer
WASHINGTON, DC - DECEMBER 13: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news ... [+] conference at the headquarters of the Federal Reserve on December 13, 2023 in ...
Fox Business14d
Inflation gauge favored by Fed showed price growth picked up in December
The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.
USA Today3d
Stock market unmoved by Fed Chair's rerun remarks. Inflation, tariffs and earnings on tap.
U.S. stocks closed barely mixed after Federal Reserve Chairman Jerome Powell offered almost nothing new in his testimony before the Senate Banking Committtee. In his first Congressional appearance ...
CNN8d
Treasury Secretary Scott Bessent wants to bypass the Fed to lower interest rates
Treasury Secretary Scott Bessent has a new plan in the fight to bring down historically high interest rates, and it’s got nothing to do with the Federal Reserve. Bessent, in two interviews this ...