Fed's Powell sees a ways to go on shrinking Fed holdings
Over two days of testimony this week before Congress, Federal Reserve Chairman Jerome Powell indicated there's no imminent end to the central bank's balance sheet wind down process, as some banks have moved to push back their own end date for a process commonly referred to as quantitative tightening.
Fed Needs to See Resumed Inflation Progress Before Cutting: Powell
Powell said officials need to see more progress on slowing inflation before considering further rate cuts but declined to give a specific level. “We're looking at the labor market and inflation,” Powell said in response to a question from Rep.
Higher inflation readings reported on Wednesday left Federal Reserve officials telling U.S. lawmakers, business executives ...
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s calls for lower interest ...
Federal Reserve chair Jay Powell is quizzed by members of Congress about interest rates, the outlook for the economy and the ...
(Reuters) - No U.S. regulator other than the Consumer Financial Protection Bureau is tasked with ensuring that banks abide by ...
Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on ...
The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...
A Fed interest rate cut won't be coming until at least September, if at all this year, following a troubling inflation report ...
U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the ...
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