Fed's Powell says Trump's plans for tariffs, immigration won't impact interest rate move
We don’t know how big they’ll be. We don’t know the timing and duration…. We can’t really start making policy on that. We have to let this play out.” Powell’s remarks echo his comments at a news conference following a rate cut a month ago.
US Fed's Powell does not see Trump installing 'shadow' chair
Federal Reserve Chair Jerome Powell said on Wednesday he is not worried the incoming administration will undermine him as U.S. central bank leader through the people it nominates to Fed leadership ranks.
Powell: Fed’s independence from politics is vital to its interest rate decisions
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 political outcome.
Fed's Powell dismisses odds of a 'shadow chair' in Trump admin.
In his remarks at the New York Times’ DealBook summit, Federal Reserve Chair Jerome Powell says he is "confident" that he can maintain an amicable relationship with incoming President-elect Donald Trump and Treasury Secretary nominee Scott Bessent.
Fed Chair Powell Acknowledges Inflation Is a ‘Little Higher’ Than Expected
Jerome H. Powell, the chair of the Federal Reserve, said it was too early for the central bank to start reacting to the tariffs that President-elect Trump had been promising.
Fed Chair Powell to Speak This Afternoon
Federal Reserve Chair Jerome Powell is scheduled to speak in a moderated discussion at about 1:40 p.m. ET Wednesday. The discussion at the New York Times DealBook Summit is expected to cover a range of issues,
Fed’s Powell Expects Good Relations With Trump Administration
Federal Reserve Chair Jerome Powell downplayed the prospects of tension with the incoming Trump administration and said he expects officials can move cautiously as they continue lowering interest rates.
Jay Powell ‘not concerned’ over risks Donald Trump will stifle Fed independence
Jay Powell has said he is “not concerned” that Donald Trump’s administration will erode the Federal Reserve’s independence, despite the president-elect’s frequent attacks on the US central bank. The Fed chief said his institution’s independence was protected by “the law of the land”,
Powell Not Concerned About the Fed’s Independence Under Trump
Speaking at The New York Times DealBook Summit, the chair of the Federal Reserve, Jerome H. Powell, said there was strong bipartisan support on Capitol Hill for the central bank’s independence.
Powell says he's not worried about the Fed losing its independence under Trump
Fed Chair Jerome Powell said Wednesday he isn't worried that President-elect Donald Trump will try to politicize the central bank once he takes office in January. There are safeguards in the congressional legislation that created the central bank that will help preserve it from political influences,
Fed’s Beige Book says economy is stable. Companies more optimistic about 2025, but tariffs a worry.
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the ...
Fed’s Daly Says No Sense of Urgency to Lower Interest Rates
Federal Reserve Bank of San Francisco President Mary Daly said there’s no sense of urgency to lower interest rates, ...
US economy grew slightly in recent weeks, Fed survey says
U.S. economic activity has expanded slightly in most regions since early October, with employment growth "subdued" and ...
Fed Sees Economy Solid, Inflation Easing as December Rate Cut Looms
Markets are still pricing in another cut in interest rates of 25 basis points when the Fed meets in two weeks. Unless things ...
Trump’s Treasury Pick to Meet With GOP Senators With Fed and Tariffs on Agenda
Incoming Senate Republican leader John Thune said he expects to discuss Treasury secretary nominee Scott Bessent’s views on ...
Powell says Fed can afford to be a little more cautious
U.S. Federal Reserve Chair Jerome Powell on Wednesday said the economy is stronger now than the central bank had expected in ...
Fed's Musalem Expects More Rate Cuts but Says Easing Path Is Less Clear
Financial markets expect the Fed to cut its policy rate by a quarter of a percentage point from the current 4.50%-4.75% range ...
Stock market today: Nasdaq, Dow, S&P 500 hit records as tech surges, Fed's Powell says economy in 'remarkably good shape'
A tech rally boosted US stocks on Wednesday, with all three major indexes hitting new record closes, as investors digested ...