News

Fed chief Powell is starting to worry about the reliability of economic data
Cuts to the Bureau of Labor Statistics could be clouding jobs and inflation data, complicating the Fed's data-driven rate ...
Fed's Powell Repeats Warning About Tariffs as Some GOP Senators Accuse Him of Bias
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up ...
Fed Chair Powell: The labor market and economy are solid, but we're watching unemployment closely
Fed Chair Jerome Powell testifies before the The Senate Banking, Housing, and Urban Affairs Committee on “The Semiannual ...
Fed Chair Powell testifies before Senate Banking Committee
ABC News’ Alexis Christoforous reports on the second day of testimony from Federal Reserve Chair Jerome Powell, and the likelihood of a cut in interest rates.
Powell says Fed needs to manage against risk tariff inflation proves persistent
The Trump administration's tariff plans may well just cause a one-time jump in prices, but the risk it could cause more ...
Powell Says End of Fed’s Interest Paid to Banks Won’t Save Money
Federal Reserve Chair Jerome Powell said a proposal to eliminate the interest paid to banks that deposit cash at the central ...
Fed's Powell Cautions Against Ending Fed Power to Pay Interest on Reserves
The Fed's interest on reserves tool, now set at 4.4%, binds the top end of the federal funds rate, while the reverse repo ...
Fed's Powell heads to Senate panel for second day of testimony
U.S. Federal Reserve Chair Jerome Powell resumes two days of Congressional testimony on Wednesday when he appears before the ...
Trump Says He Has Candidates in Mind to Replace Fed's Powell
President Donald Trump calls Federal Reserve Chair Jerome Powell "a very stupid person" and says he has three or four people ...
Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates
The Fed chair told lawmakers that the central bank could afford to be patient amid uncertainty about how President Trump’s ...
Powell to be pressed on Fed spending, agency’s politicization
Jerome Powell returns to Capitol Hill where Republicans plan to challenge the Fed's $2.5 billion headquarters renovation ...
Powell repeats rate cuts can wait as Fed studies tariff impacts
Higher tariffs could begin raising inflation this summer, a period that will be key to Federal Reserve consideration of ...