Nov 28 Stocks make biggest gain in months as Powell hints at slower interest rate hikes By Marley Jay, Associated Press In a speech to the Economic Club of New York, Powell said that rates are close to "neutral," the level at which they neither hold back growth nor aid it. That relieved investors who feel the nine-year-old bull market could… Continue reading
Nov 21 Home sales break 6-month losing streak, rising 1.4 percent By Paul Wiseman, Associated Press Despite the recent uptick, home sales are still down from a year ago, hurt by rising interest rates. Continue reading
Oct 16 Escalating attack, Trump calls the Federal Reserve his ‘biggest threat’ By Martin Crutsinger, Associated Press President Trump said he doesn't speak with Chairman Jerome Powell because of the Fed's political independence but said, "I'm not happy with what he's doing because it's going too fast" in raising rates at a time when inflation has remained… Continue reading
Oct 10 Trump says Federal Reserve ‘has gone crazy’ after big stock drop By Associated Press President Trump, who has been critical of the central bank's interest rate increases, told reporters that he thinks "the Fed is making a mistake." But he's also calling the drop "a correction we've been waiting for for a long time."… Continue reading
Oct 03 Watch 13:03 Fed Chair Jay Powell: U.S. may be in a different era for workers’ wages despite economic gains By Judy Woodruff Federal Reserve chairman Jay Powell discusses the state of the economy, bigger changes in the job market and why wages haven’t caught up with other economic trends in a conversation with Judy Woodruff. At the Atlantic Ideas Festival, Powell also… Continue watching
Oct 03 WATCH: Powell says Fed is focused on ‘controlling the controllable,’ not politics By Joshua Barajas, Gretchen Frazee The Federal Reserve chair's comments came as part of a conversation with PBS NewsHour anchor and managing editor Judy Woodruff during The Atlantic Festival in Washington, D.C. Continue reading
Sep 27 More U.S. corporate giants warn tariffs will mean price hikes By Tom Krisher, Josh Boak, Associated Press A growing number of iconic American companies are warning that President Trump's tariffs on U.S. imports are raising their costs and prices. Continue reading
Sep 26 Analysis: The dangers of the Fed rate hike By Paul Solman The conventional wisdom was that the Federal Reserve would again hike short term interest rates today. That wisdom proved correct, as did the prediction that the Fed would say it is committed to further hikes. The conventional explanation is that… Continue reading
Sep 26 Watch 4:00 News Wrap: Fed raises interest rate, warns against drawn-out trade war In our news wrap Wednesday, the Federal Reserve raised a key short-term interest rate for the third time this year, to 2.25 percent. Fed chairman Jerome Powell also said that "widespread tariffs that remain in place for a long time"… Continue watching
Sep 26 Citing strong economy, Fed raises rates for third time this year By Martin Crutsinger, Associated Press Many economists worry, though, that Trump's combative trade policies could slow the economy. Continue reading