Trump summons Jerome Powell to discuss rates amid White House attacks on Fed
President Donald Trump summoned Federal Reserve Chairman Jerome Powell to the White House on Monday to discuss the economy and interest rates — issues on which Trump has repeatedly attacked the Fed. The Fed said in a statement that Powell's message to Trump was similar ...
Fed chief Jerome Powell urges Congress to tackle growing budget deficit as it nears $1 trillion
Federal Reserve Chairman Jerome Powell on Thursday urged Congress to tackle the growing budget deficit but also underscored the current health of the nation's economy. Powell's testimony before the House Budget Committee came a day after he told Congress' Joint Economic Committee that the Fed ...
Wall St. higher as Fed chief Jerome Powell says U.S. economy is in 'good shape'
Wall Street's main indexes rose on Wednesday as Federal Reserve Chairman Jerome Powell said the domestic economy was in good shape and the central bank saw a "sustained expansion" ahead. This helped ease nerves on Wall Street, which opened lower after President Donald Trump on ...
Fed cuts rates again to weather China-U.S. trade war but signals more tentative mood
The Federal Reserve on Wednesday cut interest rates for the third time this year to ensure the U.S. economy weathers its trade war without slipping into a recession, but signaled it will leave borrowing costs where they are unless things take a material turn ...
Trump again attacks Fed, calling central bank 'derelict in its duties'
President Donald Trump once again attacked the U.S. Federal Reserve on Thursday, calling for more interest rate cuts to stimulate the American economy just days before the key policy meeting. "The Federal Reserve is derelict in its duties if it doesn't lower the Rate and ...
Mark Zuckerberg appears in Congress as Facebook faces scrutiny over Libra cryptocurrency plans
Facebook CEO Mark Zuckerberg faced bipartisan, hostile questions in a congressional hearing Wednesday focused on the social media company's plans to launch its own cryptocurrency known as Libra. Zuckerberg acknowledged concerns about the Libra project, saying he would not allow Facebook to move forward unless ...
Fed chief Jerome Powell sees cooler U.S. hiring, in possible hint of rate cuts
Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Downward revisions to the government's hiring data, ...
Federal Reserve Chairman Jerome Powell, who's noncommittal about further interest rate cuts, is facing new pressure to make a third-straight reduction in response to weakening data, volatile markets and a continued bashing from U.S. President Donald Trump. Markets placed about a 75 percent chance of ...
Trump blasts Fed after manufacturing data stoke fears of sharp slide due to trade war
U.S. President Donald Trump once again lashed out at the Federal Reserve on Tuesday, this time in the wake of weak data on the manufacturing sector, saying the central bank has kept interest rates "too high" and that a strong dollar is hurting U.S. ...
Fed cuts interest rates but signals more stringent conditions for further reductions
The U.S. Federal Reserve cut interest rates again on Wednesday to help sustain a record-long economic expansion, but signaled a higher bar for making further reductions in borrowing costs — eliciting a fast and sharp rebuke from President Donald Trump. Describing the U.S. economic outlook ...
Fed trades 'remarkably positive' for 'no precedents' after volatile year and as slump looms
A year ago, U.S. Federal Reserve Chair Jerome Powell held a "remarkably positive outlook" for an economy enjoying a "historically rare" combination of good news including low unemployment, steady inflation and strong growth that were all expected to continue. When the Fed meets this week, ...
A former top U.S. central banker leaped into the political fray on Tuesday, calling on the Federal Reserve to oppose President Donald Trump's reelection effort next year. Bill Dudley, the influential former president of the New York Federal Reserve Bank, also said the Fed should ...
