by The Associated Press | Aug 23, 2024
With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday.
by The Associated Press | Aug 22, 2024
The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”
by The Associated Press | Jul 26, 2024
The Federal Reserve’s favored inflation measure remained low last month, bolstering evidence that price pressures are steadily cooling and setting the stage for the Fed to begin cutting interest rates this fall.
by The Associated Press | May 16, 2024
Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve and some borrowers.
by The Associated Press | Dec 4, 2023
Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said in a speech Friday.
by The Associated Press | Sep 19, 2019
A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year but declined to signal that further rate cuts are likely this year.
by Banker & Tradesman | Jul 28, 2019
President Donald Trump has repeatedly attacked the Federal Reserve over interest rate policy and tried to appoint his political allies to its board, but why should you care? Because politicization of the Fed puts the entire U.S. economy at risk.