Fed, Powell and interest rate
Digest more
Powell, a favorite target for President Donald Trump's criticism, has only seven months or so left in his term. Treasury Secretary Scott Bessent has been busy interviewing potential successors — among them current Governors Christopher Waller and Michelle Bowman, both of whom voted in favor of the cut.
Interest rates should continue their downward journey, as forecasters expect another rate cut from the Fed on Oct. 29. Are more cuts coming?
Fed Chair Jerome Powell acknowledged Wednesday that the soaring stock market is helping support consumer spending — and the overall economy — right now.
The Fed leader discussed the reasoning behind the central bank’s decision to cut rates at its second straight meeting as well as the move to stop shrinking its multitrillion-dollar asset portfolio.
Powell added that tariffs are fueling inflation and the downside risks to employment appear to have arisen in recent months.
Federal Reserve Chair Jerome Powell’s blunt warning that investors need to rein in expectations for a December interest-rate cut underscored a growing tug-of-war among US policymakers who are opposed in their outlooks for jobs and inflation.
Federal Reserve Chairman Jerome Powell plans to serve out his term, which ends in May of 2026, but that isn't stopping Treasury Secretary Bessent from moving ahead with finding his replacement.
The Federal Reserve cut its key interest rate Wednesday for a second time this year as it seeks to shore up economic growth and hiring even as inflation stays elevated.
In February, the 12 presidents at the regional Federal Reserve banks will need to be reconfirmed in their jobs by the central bank’s Board of Governors. President Donald Trump’s effort to gain control
Follow along with live updates from October's Federal Reserve meeting. Get real-time analysis of Jerome Powell’s comments, market reaction, and what the Fed’s move means for inflation, jobs, and your money.
Feedback