Nation Dec 09

Volcker took charge of the Fed in August 1979, when the U.S. economy was slipping into the grip of runaway inflation.

Economy Dec 06

The unemployment rate declined to 3.5% from 3.6% in October, matching a half-century low, the Labor Department reported Friday. And wages rose a solid 3.1% in November compared with a year earlier.

Economy Nov 18

Monday’s meeting could fuel concerns that the White House is intensifying public pressure on Jerome Powell -- who was President Donald Trump’s own choice to lead the Fed -- to cut rates more aggressively.

Economy Nov 14

Jerome Powell is one of the few leading public figures urging Congress to reduce the federal government’s annual deficit, which is nearing $1 trillion.

Economy Nov 13

In testimony before a congressional panel, Powell expressed optimism about the U.S. economy and said he expects it will grow at a solid pace, though it still faces risks from slower growth overseas and trade tensions.

World Nov 08

Trump's pushback suggested that negotiations haven't progressed as far as hoped as the world's two biggest economies struggle to negotiate an end to their trade war.

Economy Nov 06

Some economists point to technologies, such as smartphones and mobile software, that aren't that economically useful. Others say that innovations like search engines, which are free to users, aren't properly captured in government data.

Economy Oct 30

The Fed's move reduces the short-term rate it controls — which influences many consumer and business loan rates — to a range between 1.5% and 1.75%.

Economy Oct 29

Dropping this phrase from the Federal Reserve's meeting language would be seen as a hint that the rate cut the Fed is set to announce this week will be the last one it expects to make for 2019.

Economy Oct 04

The U.S. unemployment rate fell in September to a new five-decade low of 3.5%, while employers added a modest 136,000 jobs.