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Friday, November 15, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: jerome powell


UPDATED: Wed., Nov. 13, 2019

Fed’s Powell sees steady growth, signals pause in rate cuts

Federal Reserve Chairman Jerome Powell expects the U.S. economy to continue growing at a solid pace, though it still faces risks from slower growth overseas and trade tensions.


UPDATED: Wed., Oct. 30, 2019

Fed cuts rates for a 3rd time but signals it will now pause

The Federal Reserve cut short-term interest rates Wednesday for a third time this year to try to support the economy. But it signaled that it plans no further cuts unless …


UPDATED: Mon., Sept. 23, 2019

Trump’s Fed tweets shown to have ‘significant’ effect on trading

President Donald Trump’s Twitter attacks on the Federal Reserve are prompting investors to bet the central bank will bow to political pressure and lower interest rates, according to a new …


UPDATED: Wed., Sept. 18, 2019

A divided Fed cuts key rate for 2nd time this year

A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year while saying it’s prepared to continue doing what it deems necessary to sustain …


Powell may signal future rate cuts, but would they matter?

Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do – or can do – to strengthen the economy and restore confidence …


Robert J. Samuelson: The Fed and the jobs punch bowl

The Fed increasingly sees itself as a social agency dedicated to job creation. That – more than the effect on stock prices – is the real story behind the Fed’s …


UPDATED: Wed., July 31, 2019

Fed cuts key rate in its first reduction in more than decade

The Federal Reserve cut its key interest rate Wednesday for the first time in a decade to try to counter threats ranging from uncertainties caused by President Donald Trump’s trade …


Powell says economy facing growing uncertainties

Federal Reserve Chairman Jerome Powell said Tuesday the economic outlook has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess …


UPDATED: Wed., June 19, 2019

Fed leaves its key rate unchanged but hints of future cuts

The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it’s prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and …


UPDATED: Mon., June 17, 2019

Fed likely to leave rates alone but signal readiness to cut

Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the first time in over a decade. Probably …


Trump says he plans to keep criticizing Fed over rates

President Donald Trump says he has no intention of ending his public attacks on the Federal Reserve’s interest rate policies even though he knows he has made Chairman Jerome Powell’s …


UPDATED: Tue., June 4, 2019

Powell hints Fed will cut rates if needed over trade wars

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

Powell: Policies needed to address slowdown in income growth

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.


A Trump dilemma: Finding a dovish GOP ally to serve on Fed

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

Fed signals neither a rate hike nor a cut is likely soon

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 …


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.


Robert J. Samuelson: Job creation is job one

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 …


Powell says he would reject any Trump request to resign

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 …


Catherine Rampell: Keystone Cops capture U.S. economy

The Keystone Cops are officially in charge of our economy. Markets have been plunging, with the S&P 500 down 20 percent from its September peak. A lot of factors have …


Robert J. Samuelson: The Fed’s strange ‘independence’

“The Federal Reserve is meant to be independent of parochial political interests. But it’s got to operate – I think of this as a kind of band, sometimes wide, sometimes …


UPDATED: Mon., July 30, 2018

Fed is set to leave rates alone as trade war raises anxiety

The Federal Reserve will meet this week to assess an economy that has just enjoyed a healthy spurt of growth but faces a flurry of trade fights pushed by President …


Chairman Powell stresses importance of an independent Fed

Federal Reserve Chairman Jerome Powell warned Friday that the Fed’s independence from political pressure must be respected if it is to succeed in controlling inflation, maximizing employment and regulating the …


UPDATED: Wed., April 11, 2018

Fed in March discussed ‘slightly steeper’ future rate hikes

Federal Reserve officials at their March meeting, the first under new Chairman Jerome Powell, decided to stick with a gradual approach to rate hikes. But officials also discussed the possibility …


UPDATED: Sat., April 7, 2018

Chairman Jerome Powell says Fed expects to stick with gradual rate hikes

Federal Reserve Chairman Jerome Powell on Friday painted a mostly sunny view of the U.S. economy and said the Fed remains committed to raising its key interest rate gradually.


UPDATED: Fri., Feb. 23, 2018

Fed expects economic gains to prompt gradual rate hikes

The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant gradual increases in interest rates this year, delivering the same steady-as-it-goes message under new …


Powell pledges to remain alert to emerging stability risks

Federal Reserve Chairman Jerome Powell said Tuesday that the global economy is recovering strongly for the first time in a decade, but the central bank needs to remain alert to …


UPDATED: Thu., Feb. 8, 2018

How the market’s turmoil could affect Fed’s rate decisions

On Thursday, the Dow plunged over 1,000 points, bringing the index’s losses from its January highs to more than 10 percent. All of which has left investors wondering what the …


Yellen lands new job at Brookings Institution

Federal Reserve Chair Janet Yellen, the first woman to head the nation’s central bank, got a boisterous send-off from Fed staff, but she isn’t taking any time off. After her …


UPDATED: Mon., Jan. 29, 2018

Fed likely to hold rates steady at Yellen’s final meeting

Janet Yellen’s final Federal Reserve policy meeting will likely bring an uneventful end this week to her four-year tenure as Fed chair but perhaps offer hints of the central bank’s …


Senate approves Powell to follow Yellen as Fed chair in Feb.

The Senate on Tuesday approved President Donald Trump’s selection of Jerome Powell to be the next chairman of the Federal Reserve beginning next month.