Powell hints Fed will cut rates if needed over trade wars
Powell's remarks helped drive up stock prices, with the Dow Jones Industrial Average ending the day up more than 500 points, or 2 percent.
Fed Chair Powell sees ‘moderate’ risk from corporate debt
Fed Chair Jerome Powell said views about riskier corporate debt — known as leveraged lending — range from "this is a rerun of the subprime mortgage crisis" to "nothing to worry about here."…
Fed Chair Powell says policies are needed to address slow income growth
In a speech at a Fed research conference, Powell said that incomes have grown more slowly for middle-class families since the 1970s than for higher-income households.
WATCH: Powell to discuss Fed decision to leave interest rates unchanged
Federal Reserve Chair Jerome Powell is expected to speak around 2:30 p.m. Watch live here.
The Fed is all but sure to keep its key short-term rate — which can influence mortgages and credit cards — below 2.5 percent.
In a visit to a historically black university in the Mississippi Delta, Jerome Powell said that many rural areas have not benefited from the national prosperity. He said those areas need special support.
The dinner marks the first time Trump and Powell have met since Trump picked him for the top Fed job in November 2017.
Fed Chairman Jerome Powell will hold a news conference at 2:30 p.m. ET today. Watch his remarks here.
The Federal Reserve is set Wednesday to leave its key short-term interest rate alone and to signal that it will remain cautious this year about raising rates further.
