Jerome Powell Leaves Door Open for Potential Rate Hikes in 2024
Federal Reserve Chair Jerome Powell did not rule out the possibility of rate hikes in 2024, stating that while unlikely, it remains a possibility given current inflation trends.
Economy News
Jerome Powell's Optimistic Outlook on US Economy for 2025
Federal Reserve Chair Jerome Powell expressed optimism about the US economy for 2025, citing a successful avoidance of recession and a strong policy stance. He also noted geopoliti...
Powell: Fed Won't Act on Tariffs Until Implemented
Federal Reserve Chair Jerome Powell stated that the central bank will not make any policy decisions in response to tariffs until they are implemented, despite studying their potent...
Fed Chair Powell: Sustained Inflation Progress Crucial for Future Rate Cuts
Federal Reserve Chair Jerome Powell highlighted the need for sustained inflation reduction before considering additional interest rate cuts, adjusting the projected rate cuts for 2...
Fed Chair Powell: Despite Rate Cuts, Monetary Policy Remains Restrictive
Fed Chair Jerome Powell stated that despite a year-long reduction in interest rates by 100 basis points, the central bank's monetary policy remains restrictive. Powell made these r...
Fed Rate Cut: A Close Call, But the Right Move Says Powell
Fed Chair Jerome Powell states the recent interest rate cut was a close call but the right decision, citing easing labor market, declining inflation, and balanced risks.
Federal Reserve Cuts Key Interest Rate by 25 Basis Points Amid Economic Uncertainty
The Federal Reserve cuts the federal funds rate by 25 basis points to 4.25%-4.50%, citing economic expansion and progress towards inflation targets, while acknowledging employment ...
Federal Reserve Predicts Interest Rate to Reach 4.4% by End of 2024 - What Does This Mean for the Economy?
Federal Reserve Board members and bank presidents estimate the federal funds rate to be 4.4% by the end of 2024, indicating potential impacts on the economy.
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