Berry Berke
Stephen Castor
Federal Reserve chair urges Congress to address budget deficit
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’
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: 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.
Watch 7:31
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…
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.
The Fed's move will reduce its benchmark rate by an additional quarter-point to a range of 1.75% to 2%.
President Donald Trump on Friday again encouraged the Federal Reserve to cut interest rates.
The trade war between the U.S. and China escalated Friday, as China announced new tariffs on $75 billion of American goods. President Trump tweeted in response that American companies were “ordered” to find alternatives to China and that he would…
Speaking to a gathering of central bankers in Jackson Hole, Wyoming, Powell reiterated that the Fed "will act as appropriate" to sustain the expansion.
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