Federal Reserve Chair Jay Powell doubled down Wednesday on his belief that inflation was on a "bumpy" path down to 2% and ...
Jerome H. Powell, the Federal Reserve chair, said officials can take their time cutting rates. He also underscored the Fed’s independence as election season heats up. By Jeanna Smialek and ...
WE'VE SEEN PRETTY CONSISTENT PROGRESS ON SLOWING WAGE GROWTH, BUT BUMPY. FED'S POWELL: IF WAGE INCREASES RUN HIGHER THAN ...
Federal Reserve Chair Jerome Powell spoke at an economic forum event at Stanford University on Wednesday, characterizing inflation's descent to the Fed's 2% target as traveling on a "sometimes ...
Don't miss out on the headlines from Business. Followed categories will be added to My News. He says it’s too soon to know if the recent higher than expected inflation outcomes are more than ...
Though inflation has cooled significantly from its peak, it remains above the Fed’s 2% target. And average prices are still well above their pre-pandemic levels — a source of discontent for ...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Friday reiterated a message he has sounded in recent weeks: While the Fed expects to cut interest rates this year, it won’t be ready to ...