Federal Reserve Chair Jerome Powell told lawmakers the central bank is in no rush to lower interest rates as officials wait for more clarity on the economic impact of President Donald Trump’s tariffs.

Apollo, for one, expects just one rate cut in 2025. JPMorgan strategists forecast two. Goldman Sachs last week updated its ...

With the caveat that this is a low-probability event, we discuss what the implications of an early departure of Powell would ...

Federal Reserve officials are trying to assess how tariff increases will reshape the outlook for the U.S. economy and ...

Trump has badgered Powell for not cutting rates. The Fed Chair says it's the president's own fault.

Federal Reserve officials diverged at their June meeting about how aggressively they would be willing to cut interest rates.

Meanwhile, Powell described the overall economy and labor market as solid. He said inflation had eased significantly from highs reached in mid-2022, but was somewhat elevated above the Fed’s 2% ...

On Monday, stocks slipped across the board after Trump announced a sweeping new round of tariffs on imports from South Korea, Japan, Malaysia, Kazakhstan, South Africa, Laos and Myanmar. According to ...

Mr Powell warned that the true impact of Mr Trump’s trade ... The Federal Open Market Committee (FOMC) warned: “Uncertainty about the economic outlook has diminished but remains elevated.” It also ...

Consumer spending and exports fell slightly in the latest estimate, leading to a downward revision. Imports, which dragged down overall output during the first three months of the year, also came in ...

USD/JPY steadies as BoJ signals rate hold amid weak inflation and trade policy risks; markets eye Powell’s testimony and ...