Jan 12 With action against Powell and the Fed, Trump's list of targeted opponents grows longer By Bill Barrow, Associated Press President Donald Trump’s administration has gone after multiple elected and appointed government officials who have either directly opposed the Republican president or not granted his wishes. Continue reading
Jan 12 WATCH: Powell vows to stand firm against 'unprecedented' Trump administration indictment threats By Christopher Rugaber, Associated Press “This is about whether the Fed will be able to continue to set interest rates based on evidence and economic conditions — or whether instead monetary policy will be directed by political pressure or intimidation.”… Continue reading
Jan 12 Why the Federal Reserve's independence from the White House matters By Chris Rugaber, Associated Press The Justice Department is threatening the Federal Reserve with a criminal indictment over the testimony of Fed Chair Jerome Powell this summer regarding its building renovations. Continue reading
Jan 12 DOJ investigation of Powell sparks backlash, support for Fed independence By Chris Rugaber, Josh Boak, Associated Press The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell, which Powell said was an attempt to exert more control over the Fed. Continue reading
Jan 09 Sluggish hiring closes out a frustrating year for job seekers By Christopher Rugaber, Associated Press The data suggests that businesses are reluctant to add workers even as economic growth has picked up. Continue reading
Dec 10 WATCH: Powell holds news briefing after Fed decision to cut interest rates By Christopher Rugaber, Associated Press In a set of quarterly economic projections, Fed officials signaled they expect to lower rates just once next year. Wednesday’s cut reduced the rate to about 3.6%, the lowest it has been in nearly three years. Continue reading
Oct 28 WATCH: Powell delivers remarks after Federal Reserve cuts key rate as government shutdown clouds economic outlook By Christopher Rugaber, Associated Press Fed Chair Jerome Powell cautioned that further rate cuts weren’t guaranteed, citing the government shutdown’s interruption of economic reports and sharp divisions among 19 Fed officials who participate in the central bank's interest-rate deliberations. Continue reading
Oct 14 Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts By Christopher Rugaber, Associated Press Economists said Federal Reserve Chair Jerome Powell's remarks solidified expectations for further rate cuts, starting at its next meeting. Continue reading
Sep 17 The Federal Reserve wrestles with how many interest rate cuts to make and how fast By Christopher Rugaber, Associated Press There are typically two different approaches the Fed takes to lowering borrowing costs: Either a measured pace that typically reflects a modest adjustment to its key rate, or a much more rapid set of cuts as the economy deteriorates in… Continue reading
Sep 16 WATCH: Powell announces first interest rate cut of the year By Christopher Rugaber, Associated Press The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market. Continue reading