Jan 29 WATCH: Fed Chair Powell holds news briefing after key interest rate decision By Christopher Rugaber, Associated Press The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies… Continue reading
Dec 18 Watch 5:34 Fed lowers interest rates again but inflation concerns make future cuts uncertain By Geoff Bennett The Federal Reserve lowered rates for the third consecutive time but also suggested there won’t be as many interest rate cuts in the year ahead as it once planned. Chairman Jerome Powell said the cut wasn’t an easy decision because… Continue watching
Dec 18 WATCH: Fed Chair Powell holds news conference following quarter-point interest rate cut By Christopher Rugaber, Associated Press The Federal Reserve signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of still-elevated inflation. Continue reading
Dec 04 Fed’s independence from politics is vital to interest rate decisions, Powell says By Christopher Rugaber, Associated Press Chair Jerome Powell said the Federal Reserve’s ability to set interest rates free of political interference is necessary for it to make decisions to serve “all Americans” rather than a political party or a specific outcome. Continue reading
Nov 21 Federal Reserve’s likely rate cut slowdown could disappoint borrowers By Christopher Rugaber, Associated Press Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. Continue reading
Nov 07 Watch 7:16 Fed cuts interest rates amid questions over independence during next Trump administration By Geoff Bennett The Federal Reserve cut its prime lending rate again, this time by a quarter point. The economy, higher costs of living and high housing prices directly affected by these rates are a big reason Donald Trump won the election. The… Continue watching
Nov 07 WATCH: Federal Reserve Chair Powell holds news conference following interest rate meeting By Christopher Rugaber, Associated Press The Fed's future moves are now more uncertain in the aftermath of the election, given that Trump's economic proposals have been widely flagged as potentially inflationary. Continue reading
Sep 18 Watch 5:52 What the first interest rate cut in 4 years means for the Fed’s fight against inflation By Amna Nawaz, Azhar Merchant The Federal Reserve cut interest rates for the first time in four years with an aggressive move that lowers its benchmark rate by a half percentage point. The Fed also said it intended to lower interest rates by a full… Continue watching
Sep 18 WATCH: Federal Reserve Chair Powell speaks after Fed announces interest rate cut By Christopher Rugaber, Associated Press The unusually large half-point rate cut, the Fed’s first in more than four years, reflects its new focus on bolstering the job market, which has shown clear signs of slowing. Continue reading
Sep 03 Fed celebrates end of inflation surge, but many Americans don’t feel like cheering By Chris Rugaber, Associated Press Most Americans are not in the same celebratory mood about the plummeting of inflation in the face of the high borrowing rates the Fed engineered. Continue reading