Jun 10 Trump complains about Fed’s policies and independence By Martin Crutsinger, Associated Press President Trump made clear in an interview with CNBC his frustration with a system that provides political independence for America's central bank — something most economists see as vital to its credibility. Continue reading
Jun 04 Powell hints Fed will cut rates if needed over trade wars By Martin Crutsinger, Associated Press 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. Continue reading
May 21 Fed Chair Powell sees ‘moderate’ risk from corporate debt By Martin Crutsinger, Associated Press 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."… Continue reading
May 09 Fed Chair Powell says policies are needed to address slow income growth By Martin Crutsinger, Associated Press 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. Continue reading
May 01 WATCH: Powell to discuss Fed decision to leave interest rates unchanged By Associated Press Federal Reserve Chair Jerome Powell is expected to speak around 2:30 p.m. Watch live here. Continue reading
Mar 20 WATCH: Federal Reserve foresees no interest rate hikes in 2019 The Fed is all but sure to keep its key short-term rate — which can influence mortgages and credit cards — below 2.5 percent. Continue reading
Feb 12 Fed chairman doesn’t see signs of economic downturn, yet ‘poverty remains a challenge’ By Jeff Amy, Martin Crutsinger, Associated Press 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. Continue reading
Feb 05 Trump, Federal Reserve Chair Powell meet over dinner By Martin Crutsinger, Associated Press The dinner marks the first time Trump and Powell have met since Trump picked him for the top Fed job in November 2017. Continue reading
Jan 30 WATCH: Fed chair makes announcement on interest-rate outlook By Martin Crutsinger, Associated Press Fed Chairman Jerome Powell will hold a news conference at 2:30 p.m. ET today. Watch his remarks here. Continue reading
Jan 29 3 things to watch for from the Federal Reserve on Wednesday By Martin Crutsinger, Associated Press 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. Continue reading