Fed's Powell, quizzed about trade, Musk, and bank safety, says economy is fine
U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the ...
Powell says Fed 'well positioned' for the 'risks and uncertainties' that lie ahead
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...
US inflation worsened last month in latest sign of sticky price pressures
U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore ...
Donald Trump's Pledge to Lower Costs on 'Day One' is Unravelling
A disappointing inflation reading and soaring egg prices have undermined Trump's promise to reduce costs on "day one." ...
Inflation remained stubbornly high in January, new data expected to show
Inflation proved stubborn in 2024, a trend that probably extended into the new year and could complicate President Donald ...
Trump says interest rates should be ‘lowered' to go ‘hand-in-hand' with his tariffs
Trump again switched positions on the Fed, indicating in a social media post Wednesday that interest rates need to come down.
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Fed chair says bank accounts 'safe' despite Trump's teardown of consumer protection agency
Federal Reserve Chair Jerome Powell says Americans’ bank accounts are safe despite the Trump administration’s shutdown of a ...
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Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more ...
Trump promised no new pennies — here’s how that would work
The president could promptly end the production of new pennies, but phasing out the coin would take time and mean changes at ...
Musk is at DOL. Here’s why that may matter for inflation
A diminishment of the bureau’s effectiveness would have real – and lasting — consequences on the ability of Fed officials to adjust rates to tame inflation or preserve the labor market. The longer it ...
Stock market today: Wall Street drifts following Trump’s latest tariffs
U.S. stocks are drifting Tuesday following President Donald Trump’s latest tariff escalation and after the head of the ...