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Jun 25

WATCH: Fed Chair Powell returns to Capitol Hill to testify in Senate Banking hearing

By Chris Rugaber, Associated Press

Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's sweeping tariffs will likely push up inflation in the coming months, even as some Republican senators suggested the chair was biased against the duties.

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Jun 24

WATCH: Fed Chair Powell says interest rate cut can wait in testimony before House committee

By Chris Rugaber, Associated Press

“For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance,” Jerome Powell said in testimony Tuesday before the House Financial Services Committee.

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Jun 18

Watch 5:24
News Wrap: Fed leaves interest rates unchanged while signaling future cuts

In our news wrap Wednesday, the U.S. Federal Reserve left interest rates unchanged for the fourth-straight time while officials indicated they expect to cut rates twice by the end of the year, the Supreme Court is reviving plans to store…

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Jun 18

WATCH: Powell holds news briefing as Fed keeps its key rate unchanged

By Christopher Rugaber, Associated Press

Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March.

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Jun 17

Fed officials left in ‘uncomfortable purgatory’ as tariffs complicate this week’s rate decision

By Christopher Rugaber, Associated Press

With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%.

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Jun 11

U.S. inflation rose slightly last month as grocery prices ticked higher

By Anne D'Innocenzio and Christopher Rugaber, Associated Press

The figures suggest inflation remains stubbornly above the Federal Reserve's 2% target, which makes it less likely that the central bank will cut its key short-term interest rate.

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May 29

Trump meets with Jerome Powell, the Fed chairman he has repeatedly scorned

By Christopher Rugaber, Associated Press

President Trump met with Federal Reserve Chair Jerome Powell and the two discussed the economy but not Powell’s outlook for interest rates, the Fed said.

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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.

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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.

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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.”…

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