Federal reserve

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.

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.

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.

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%.

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.

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.

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.

Why the Fed might not have many tools to fight the next recession

By Michael W. Klein

If a recession hits, the Fed might need to lower rates below zero, which could cause other problems in the financial system.

What Fed's 2nd interest rate cut in 3 months says about the U.S. economy

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…

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How the Federal Reserve rate cut could affect your finances

By Gretchen Frazee

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.