Powell’s reluctance to delve too deeply into a rate-cut roadmap is understandable. His Fed failed to raise rates soon enough to head off the COVID-related inflation surge in 2021.

The Federal Reserve would likely have lowered interest rates this year if it weren’t for President Donald Trump’s significant policy changes, Chair Jerome Powell said Tuesday. “I do think that ...

Powell says Fed can wait to reduce interest rates as Trump demands cuts The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest ...

After hiking its key interest rate to a 23-year high of 5.25% to 5.5% in 2022 and 2023 to tame a pandemic-induced inflation surge, the Fed cut the rate by a total percentage point at three ...

WASHINGTON (AP) — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance ...

Yet Powell said Tuesday a 4% unemployment rate “is still a really low level.” From March 2022 to July 2023, the Fed hiked its key interest rate from near zero to a range of 5.25% to 5% – a ...

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell says, a stance directly at odds with ...

WASHINGTON (AP) — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance ...

WASHINGTON (AP) — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance ...