WATCH: Powell says Fed prepared to keep economy in a ‘very good place’
Federal Reserve Chairman Jerome Powell's comments before the Senate Banking Committee strengthened the message he had sent to a House panel on Wednesday that the central bank is prepared to cut interest rates to support economic growth.
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News Wrap: Fed signals impending interest rate reduction
In our news wrap Wednesday, the Federal Reserve gave its strongest signal yet that an interest rate cut is coming. Fed Chair Jerome Powell said growing economic "uncertainty" makes the case for a rate reduction, which would be the first…
WATCH: Fed chair Jerome Powell says rate cut likely coming soon
The chairman's remarks led investors to send stock prices up, bond yields down and the value of the U.S. dollar lower on expectations of lower interest rates. The S&P 500 index briefly traded over 3,000 for the first time.
Fed repeats pledge to ‘act as appropriate’ to sustain economic expansion
The Federal Reserve on Friday repeated its pledge to "act as appropriate" to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials have lowered their expectations for the future course of interest…
In our news wrap Wednesday, former White House Communications Director Hope Hicks was interviewed by the House Judiciary Committee--the first senior administration official cited in the Mueller report to appear before Congress. But Democrats said she refused to discuss her…
The Federal Reserve says it's holding its benchmark interest rate steady, despite ongoing pressure from President Trump to reduce it. But Fed Chairman Jay Powell expressed openness to the idea of cutting rates if economic indicators warrant. He also recently…
The Federal Reserve signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats.
President Trump made clear in an interview with CNBC his frustration with a system that provides political independence for America's central bank — something most economists see as vital to its credibility.
May's jobs report showed more signs of slowing economic growth in the U.S. The Labor Department reported a net gain of 75,000 jobs -- just a third of the total for the previous month. That change is set against a…
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