Stories tagged: federal reserve
UPDATED: Fri., June 7, 2019
Hiring slowed sharply in May, as companies in industries hardest hit by President Donald Trump’s escalating trade war hesitated to bring on new employees.
UPDATED: Tue., June 4, 2019
Chairman Jerome Powell said Tuesday that the Federal Reserve is prepared to respond to the Trump administration’s trade conflicts to protect the U.S. economy, signaling that the Fed will cut …
UPDATED: Thu., May 9, 2019
Federal Reserve Chairman Jerome Powell said Thursday the United States needs to find ways to address a decades-long slowdown in income growth and upward economic mobility.
Thu., May 2, 2019
The withdrawal Thursday of Stephen Moore, President Donald Trump’s choice for the Federal Reserve board, has thrown a spotlight on the tough task Trump has set for himself: Finding a …
UPDATED: Wed., May 1, 2019
The Federal Reserve left its key interest rate unchanged Wednesday and signaled that it’s unlikely to either raise or cut rates in coming months amid signs of renewed economic health …
Tue., April 30, 2019
White House adviser Kellyanne Conway says the president is still backing conservative commentator Stephen Moore for a spot on the Federal Reserve board, and she adds she’s not concerned about …
Mon., April 22, 2019
President Donald Trump said Monday that Herman Cain has withdrawn from consideration for a seat on the Federal Reserve’s board amid a focus on past scandals.
UPDATED: Wed., April 17, 2019
The Federal Reserve said Wednesday the economy was expanding at a moderate pace in March and early April, despite uncertainty caused by trade tensions and severe flooding in the Midwest.
UPDATED: Mon., April 15, 2019
Treasury Secretary Steven Mnuchin said Monday that the Federal Reserve’s independence is important globally, while refusing to comment on President Donald Trump’s latest attack on the Fed.
Sat., March 30, 2019
Stephen Moore is almost uniquely unqualified to serve on the Federal Reserve Board
UPDATED: Thu., March 21, 2019
Just a few months ago, rising rates were bearing down on everyone from home buyers to stock investors after the Federal Reserve put through seven quarter-point increases in 2017 and …
UPDATED: Wed., March 20, 2019
The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes this year, reflecting a dimmer view of the economy as growth weakens in the United …
UPDATED: Mon., March 18, 2019
Noting risks, Fed is likely to signal no expectation of rate hikes in the coming months.
Wed., Feb. 20, 2019
Amid growing worries about a slowing economy, Federal Reserve officials indicated at their meeting last month that they plan later this year to stop paring back a key stimulus program …
UPDATED: Tue., Feb. 12, 2019
Fed Chairman Powell says prosperity not felt in all areas; economy doesn’t face elevated recession risks
Federal Reserve Chairman Jerome Powell does not feel the probability of a recession “is at all elevated,” and that the country is continuing to see solid economic growth.
Tue., Feb. 5, 2019
Federal Reserve Chairman Jerome (“Jay”) Powell didn’t waste much time getting to the point at last week’s press conference. “My colleagues and I have one overarching goal: to sustain the …
Thu., Jan. 31, 2019
U.S. long-term mortgage rates edged up after declining in recent weeks.
UPDATED: Wed., Jan. 30, 2019
The Federal Reserve is keeping its key interest rate unchanged and signaling that it could leave rates alone in coming months given global economic pressures and mild inflation. The Fed …
UPDATED: Tue., Jan. 29, 2019
The Federal Reserve is set Wednesday to leave its key short-term interest rate alone and to signal that it will remain cautious this year about raising rates further.
UPDATED: Wed., Jan. 16, 2019
The Federal Reserve said Wednesday business contacts in many regions of the country are expressing less optimism amid a host of adverse developments, from plunging stock prices to uncertainty about …
Fri., Jan. 4, 2019
Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, a message that heartened investors who had been concerned …
Mon., Dec. 24, 2018
President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell’s job as …
UPDATED: Wed., Dec. 19, 2018
The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy’s continued strength but signaling that it expects to slow increases …
Mon., Dec. 17, 2018
On Wednesday, the Fed is set to announce its fourth rate hike of the year. But after this week, no one is sure what it will do. Neither, most likely, …
UPDATED: Wed., Dec. 5, 2018
The Federal Reserve said Wednesday that the U.S. economy was growing in the fall, but there were concerns about higher tariffs from a widening trade war, rising interest rates and …
UPDATED: Wed., Nov. 28, 2018
Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes …
Tue., Oct. 2, 2018
Federal Reserve Chairman Jerome Powell said Tuesday that he sees no need to drop the central bank’s current gradual approach to raising interest rates.
UPDATED: Wed., Sept. 26, 2018
The Federal Reserve signaled its confidence Wednesday in the U.S. economy by raising a key interest rate for a third time this year, forecasting another rate increase before year’s end …
UPDATED: Tue., Sept. 25, 2018
The Federal Reserve will meet Wednesday, and whatever the central bank’s policymakers decide will affect the loan rates that consumers as well as businesses will face in the coming months.
Mon., Aug. 20, 2018
President Donald Trump on Monday criticized Federal Reserve Chairman Jerome Powell for raising interest rates, breaking with recent presidents’ practice of not commenting on the Fed’s handling of the economy.