Dec 11 Watch 6:26 News Wrap: House opens debate on bill to lower prescription drug costs In our news wrap Wednesday, the House opened debate on a Democratic bill to lower prescription drug costs through government negotiations. House Speaker Nancy Pelosi appealed for bipartisan support, but Sen. Mitch McConnell said he won’t bring the bill up… Continue watching
Dec 11 Federal Reserve leaves interest rates unchanged and foresees no moves in 2020 By Christopher Rugaber, Associated Press The Fed's decision follows three rate cuts earlier this year. Continue reading
Dec 09 Former Federal Reserve chairman Paul Volcker dies at age 92 By Paul Wiseman, Christopher Rugaber, Associated Press Volcker took charge of the Fed in August 1979, when the U.S. economy was slipping into the grip of runaway inflation. Continue reading
Nov 18 Trump summons Powell to discuss interest rates By Christopher Rugaber, Associated Press 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. Continue reading
Nov 14 Federal Reserve chair urges Congress to address budget deficit By Christopher Rugaber, Associated Press 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. Continue reading
Nov 13 Jerome Powell optimistic about the U.S. economy’s ‘sustained expansion’ By Christopher Rugaber, Associated Press 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. Continue reading
Oct 30 WATCH: Federal Reserve cuts benchmark interest rate By Christopher Rugaber, Associated Press 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%. Continue reading
Oct 29 Here’s the single phrase to watch for from the Fed this week By Christopher Rugaber, Associated Press 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. Continue reading
Oct 10 Federal Reserve approves rules to loosen bank restrictions By Martin Crutsinger, Associated Press 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. Continue reading
Oct 04 WATCH: Powell says Fed’s goal is to keep economy in ‘good place’ 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. Continue reading