Fed's Powell says central bank still has access to data it needs
Federal Reserve Chairman Jerome Powell said Wednesday the central bank has not been cut off from any data it needs to do its ...
Federal Reserve Chair Jerome Powell returns to Congress following January inflation spike
The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.
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WATCH: Powell says Trump’s calls for lower interest rates won’t affect Fed’s decisions
Federal Reserve Chair Jerome Powell said Wednesday President Donald Trump’s calls for lower interest rates won’t lead the central bank to change its rate decisions.
US inflation worsened last month as the cost of groceries and gasoline head higher
WASHINGTON (AP) — U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely ...
Inflation hit 7-month high of 3% in January. Here's what it means for Fed rate cuts
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...
Watch live: Powell testifies before House on state of US economy
Federal Reserve Chair Jerome Powell will testify before the House Financial Services Committee Wednesday morning on the state of the U.S. economy. Powell has put interest rate cuts on hold amid ...
Wages are rising faster than inflation. Why are consumers still feeling the pinch?
Wages have risen fast enough to overcome inflation in recent years. Even so, consumers are still vibing economic ennui.