Bill Taylor
George Kent
Marie Yovanovitch
Jerome Powell optimistic about the U.S. economy’s ‘sustained expansion’
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.
WATCH: Federal Reserve cuts benchmark interest rate
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%.
Here’s the single phrase to watch for from the Fed this week
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.
Federal Reserve approves rules to loosen bank restrictions
The package of rules will ease restrictions imposed on banks following the 2008 financial crisis, giving a victory to the banking industry and President Donald Trump, a vocal critic of the more stringent rules.
In his brief remarks, Jerome Powell gave no hint on whether the Fed will cut interest rates for a third time this year when it meets later this month. Watch a Federal Reserve panel discussion live in our player.
If a recession hits, the Fed might need to lower rates below zero, which could cause other problems in the financial system.
The Federal Reserve has cut interest rates for the second time in three months in a bid to keep the U.S. economy growing. What indicators are driving the recent rate reductions, and what is the larger influence of economists on…
The Fed’s reduction of the federal funds rate is only one of many factors that affect the U.S. economy, but it can still trigger shifts that trickle down into Americans’ finances.
The Fed's move will reduce its benchmark rate by an additional quarter-point to a range of 1.75% to 2%.
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