Jan 09 Federal Reserve minutes reveal worries over economic risks By Martin Crutsinger, Associated Press Threats from volatile stock markets, trade tensions and uncertain global growth made the future path of interest rate hikes "less clear," Federal Reserve officials said during their December meeting. Continue reading
Jan 04 Jerome Powell says he wouldn’t resign if Trump requested it By Associated Press Powell's comments, made during a panel discussion in Atlanta, were immediately cheered by financial markets, which were already rallying on the basis of a strong unemployment report that showed 312,000 jobs were created in December. Continue reading
Dec 20 Fed Chair Powell embraces the uncertainty of future interest rate hikes By Josh Boak, Associated Press As the Federal Reserve edges closer to ending its rate hikes altogether, its decision-making has become trickier. Continue reading
Dec 19 WATCH: Fed lifts rates for 4th time this year but sees fewer hikes ahead By Martin Crutsinger, Associated Press The quarter-point hike, to a range of 2.25 percent to 2.5 percent, lifted the Fed's benchmark rate to its highest point since 2008. The increase will mean higher borrowing costs for many consumers and businesses. Continue reading
Nov 28 Powell says U.S. economy healthy and rate hikes aren’t automatic By Martin Crutsinger, Associated Press Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Continue reading
Oct 16 Escalating attack, Trump calls the Federal Reserve his ‘biggest threat’ By Martin Crutsinger, Associated Press President Trump said he doesn't speak with Chairman Jerome Powell because of the Fed's political independence but said, "I'm not happy with what he's doing because it's going too fast" in raising rates at a time when inflation has remained… Continue reading
Oct 03 Watch 13:03 Fed Chair Jay Powell: U.S. may be in a different era for workers’ wages despite economic gains By Judy Woodruff Federal Reserve chairman Jay Powell discusses the state of the economy, bigger changes in the job market and why wages haven’t caught up with other economic trends in a conversation with Judy Woodruff. At the Atlantic Ideas Festival, Powell also… Continue watching
Oct 03 WATCH: Powell says Fed is focused on ‘controlling the controllable,’ not politics By Joshua Barajas, Gretchen Frazee The Federal Reserve chair's comments came as part of a conversation with PBS NewsHour anchor and managing editor Judy Woodruff during The Atlantic Festival in Washington, D.C. Continue reading
Jun 20 Central bank chiefs of 4 major nations raise trade concerns By Christopher Rugaber, Associated Press The leaders of the central banks of four major economies expressed alarm Wednesday that multiple trade conflicts are threatening to slow global growth. Continue reading
Mar 21 Federal Reserve raises key interest rate, says it expects 2 more hikes this year By Martin Crutsinger, Associated Press These steps show confidence that the economy remains sturdy nearly nine years after the Great Recession ended, officials said. Continue reading