May 07 WATCH: Powell holds news conference after Fed leaves key interest rate unchanged By Christopher Rugaber, Associated Press The Federal Reserve kept its key interest rate at 4.3 percent for the third straight meeting, after cutting it three times in a row at the end of last year. Continue reading
May 05 Despite Trump's pressure, Federal Reserve likely to keep rates unchanged this week By Christopher Rugaber, Associated Press The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite harsh criticism from President Donald Trump and his demand that the Fed reduce borrowing costs. Continue reading
Apr 17 WATCH: Trump criticizes Powell over interest rates, suggests he can remove Fed chair By Aamer Madhani, Josh Boak, Associated Press “If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office while taking questions from reporters during a visit with Italian Prime Minister Giorgia Meloni. “I'm not happy with him.”… Continue reading
Apr 16 WATCH: Powell says Fed can wait on interest rate moves as tariff battle with China continues By Christopher Rugaber, Associated Press The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday. Continue reading
Apr 04 WATCH: Fed Chair Powell warns Trump tariffs likely to raise inflation and slow economic growth By Christopher Rugaber, Associated Press Powell said that the tariffs, and their likely impacts on the economy and inflation, are “significantly larger than expected.”… Continue reading
Mar 17 Tariff threats, spending cuts put Federal Reserve in tough spot as it meets this week By Christopher Rugaber, Associated Press Ongoing tariff threats as well as sharp cuts to government spending and jobs have tanked consumer and business confidence, which could weigh on the economy and even push up unemployment. Continue reading
Mar 08 WATCH: Fed Chair Powell says interest rates on hold amid broad economic uncertainty By Christopher Rugaber, Associated Press The Federal Reserve is likely to keep its key interest rate unchanged in the coming months as it waits for widespread “uncertainty” stemming from President Donald Trump's policies to resolve, Chair Jerome Powell said Friday at a conference in New York. Continue reading
Feb 27 U.S. economy grew 2.3 percent annually in the last months of 2024, the outlook for 2025 is cloudier By Paul Wiseman, Associated Press The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth. Continue reading
Jan 29 WATCH: Fed Chair Powell holds news briefing after key interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies… Continue reading
Jan 10 U.S. added 256,000 jobs in December as unemployment rate dipped By Paul Wiseman, Associated Press U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy's resilience in the face of high interest rates. Continue reading