The Federal Reserve kept its benchmark interest rate unchanged at 4.25% to 4.50%, signaling a wait-and-see approach amid strong economic growth and moderating inflation. Fed Chair Jerome Powell emphasized that policymakers are "not on any preset course," reinforcing the central bank's cautious stance on future rate cuts. read more

JAN 30, 2025 - 5:55 am

The Federal Reserve announced a modest rate cut but signaled a more cautious approach to future reductions, projecting only two cuts in 2025 instead of the four previously anticipated. Chair Jerome Powell emphasized the need to balance inflationary pressures with economic stability. read more

DEC 20, 2024 - 5:45 am

According to the Washington Post, the Federal Reserve cut interest rates by a quarter-point, the first time the Fed has done so since 2008. read more

AUG 1, 2019 - 7:05 am

According to the Washington Post, the Federal Reserve has signaled a willingness to cut interest rates among signs of a slowing economy and ongoing trade uncertainty. read more

JUN 20, 2019 - 6:37 am

Fed officials interviewed last week reinforced the notion the Fed will raise rates in September and Decembers. However, judging from a headline speech by Chairman Jerome Powell, Bloomberg notes this path may be far from certain. read more

AUG 27, 2018 - 7:20 am

The Wall Street Journal reported Jerome Powell was named the 16th chairman of the Federal Reserve as he was confirmed by the Senate. read more

JAN 24, 2018 - 7:15 am

The Wall Street Journal reported that Federal Reserve governor Jerome Powell will be Donald Trump’s choice to lead the Fed when current chair Janet Yellen’s term ends in January. read more

OCT 30, 2017 - 7:36 am

Bloomberg said Federal Reserve Governor Jerome Powell has indicated he is prepared to increase in the federal funds rate, as unemployment and inflation near the Fed’s targets. read more

NOV 30, 2016 - 6:43 am