Powell spoke at a volatile time, with stock markets and bond yields both declining in the wake of Trump's whipsaw announcements of steep tariffs.
U.S. Senate, House Republicans Introduce ‘Federal Reserve Board Abolition Act’ - Legislation Would Dissolve the United States Federal Reserve
Following a month in which the Federal Reserve did not meet — but when a new inflation report showed more work to be done — millions of Americans will look to the bank later this month when it meets to determine the future of monetary policy on March 18 and March 19.
A new task force in the Republican-controlled U.S. House of Representatives on Tuesday began an examination of the Federal Reserve's role and goals, with Republicans raising questions about its track record on controlling inflation,
Federal Reserve chair Jay Powell played down concerns over US growth after U-turns by Donald Trump’s administration, disappointing jobs numbers and a tumultuous week in financial markets. Powell on Friday said the world’s largest economy remained “in good shape” despite the elevated “uncertainty”,
Surveys showing a rise in consumer inflation expectations mean the central bank needs to keep its focus on ensuring price pressures are contained.
Americans are increasingly preparing for higher prices in a concerning development for the Federal Reserve after a string of negative news on inflation.
The 10-year yield fell below that of the 3-month note, marking an “inverted yield curve” that has a sterling recession prediction record.
Philadelphia Federal Reserve Bank President Patrick Harker on Thursday expressed support for continuing to hold short-term U.S. borrowing costs in their current range of 4.25%-4.50%, a level he believes will help get inflation back down to the Fed's 2% target but isn't hurting the job market or the economy more generally.
Former Federal Reserve Vice Chair for Supervision Michael Barr has stepped off the US central bank’s internal governing Committee on Supervision and Regulation, leaving the panel without a chair.
Federal Reserve Bank of Cleveland President Beth Hammack says the Fed should continue to be cautious with further interest-rate cuts amid slower recent progress getting inflation back to the central bank’s 2% target.
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