Powell Urges Patience on Rate Cuts. He Speaks With the House Next.
Live coverage of Fed Chair Jerome Powell's semiannual address to Congress. He spoke to the Senate on Tuesday and will speak to the House on Wednesday.
Jay Powell signals rate cuts are not imminent
Fed chair gave senators little fresh guidance on rate path, but sought to clarify Fed’s relationship with Trump
Dollar holds onto losses as Fed's Powell stays patient on rate cuts
The U.S. dollar held onto earlier losses on Tuesday after Federal Reserve Chair Jerome Powell said the U.S. central bank was in no rush to cut its short-term interest rate again. Powell said in testimony before the Senate Banking,
Powell says Fed not 'in a hurry' to cut interest rates with 'economy remaining strong'
Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest rate cutting campaign.
Dollar Could Turn Higher if Powell Is Cautious About Cutting Rates
The dollar trades steady ahead of a testimony from Federal Reserve Chair Jerome Powell later. Powell is expected to sound cautious about cutting interest rates, though there’s mounting pressure from President Trump to lower rates,
Fed Chair Powell says central bank doesn't 'need to be in a hurry' to lower interest rates further
Powell called the economy "strong overall" with a "solid" labor market and inflation that is easing but still above the Fed's 2% goal.
Fed Chair Powell says no need to rush in adjusting policy stance or cutting interest rates
Federal Reserve Chair Jerome Powell emphasized a cautious approach to interest rate adjustments on Tuesday, citing persistent inflation and continued economic resilience. In prepared remarks for his testimony before the Senate Banking Committee,
Gold off record highs as Powell's comments douse rate-cut hopes
Gold prices retreated on Wednesday from an all-time high hit in the previous session, as Federal Reserve Chair Jerome ...
Powell: No Hurry to Lower Interest Rates, Economy ‘Strong’
The hearing before the Senate Banking Committee was relatively quiet absent a few back-and-forths on the economic effects of ...
Powell testimony as it happened - Fed chair gives few clues on next rate move and avoids being drawn on response to Trump policies
Federal Reserve chair Jay Powell is quizzed by members of Congress about interest rates, the outlook for the economy and the ...
South African rand stable after Powell's cautious comments; US inflation in focus
South Africa's rand was steady in early trade on Wednesday, as markets processed U.S. Federal Reserve Chair Jerome Powell's ...
Powell Says He Does Not Believe Musk or His Team Have Tried to Access Fed Systems
U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on ...
Fed’s Powell sidesteps Trump’s tariff policies, repeats support for free trade
Federal Reserve Chairman Jerome H. Powell treaded carefully Tuesday around questions about President Donald Trump’s new trade ...
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 Senate testimony: Fewer interest-rate cuts seen in wake of hearing
Federal Reserve Chairman Jerome Powell will answer questions from members of the Senate Banking Committee starting at 10 a.m.
Fed Policy Is Better When Politics Aren’t Involved: Powell
Powell emphasized the importance of the central bank remaining independent from elected lawmakers’ wishes. “We’ll make better ...