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Fed's Powell heads back to Congress

Hosted on MSN · 12h

Fed's Powell heads back to Congress as data shows inflation jump in January

Federal Reserve Chair Jerome Powell repeated on Wednesday that the central bank is in no rush to cut interest rates during a congressional hearing convened shortly after data showed U.S. consumer prices rose faster than expected in January in a sign progress on inflation may remain stalled.

Bloomberg L.P. · 14h

Powell Says New Inflation Data Show Fed Has More Work to Do

Federal Reserve Chair Jerome Powell said the latest consumer price data show that while the central bank has made substantial progress toward taming inflation, there is still more work to do.

Barron's · 12h

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.

Fed, Trump and Powell

Hosted on MSN · 12h

Powell says Trump's comments won't affect interest rate decisions by the Fed

Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead the central bank to change its rate decisions. “People can be confident that we’ll continue to keep our heads down,

The Financial Times · 1d

Powell testimony as it happened - Fed chair gives few clues on next rate move and avoids being drawn on response to Trump policies

Federal Reserve chair Jay Powell is quizzed by members of Congress about interest rates, the outlook for the economy and the impact of a potential trade war. In a hearing that was dominated by Democrats’ concerns over the Trump administration’s gutting of the Consumer Financial Protection Bureau and Republican claims that many right-leaning Americans are being “debanked” owing to their political leanings,

MarketWatch · 20h

Trump calls on Fed to lower interest rates amid rising prices. Here's what he said just a week ago.

President Trump called on the Federal Reserve to lower interest rates in a post on his Truth Social platform Wednesday, following the hotter-than-expected inflation report. "Interest rates should be lowered,

1d

Fed's Powell: No Agency Other Than CFPB Tasked With Consumer Protection Enforcement

(Reuters) - No U.S. regulator other than the Consumer Financial Protection Bureau is tasked with ensuring that banks abide by ...

14h

Federal Reserve Chair Jerome Powell returns to Congress following January inflation spike

The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.

1d

Powell testimony live: Fed chair tells Senate bank is in ‘no hurry’ to cut interest rates

The Federal Reserve chair said in testimony to the Senate Committee on Banking, Housing and Urban Affairs on Tuesday: “With ...

2d

Powell Says Fed 'Well Positioned' for the 'Risks and Uncertainties' That Lie Ahead

The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...

1don MSN

Powell says Fed is ‘well positioned’ for the ‘risks and uncertainties’ ahead

The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...

1d

Fed's Powell, quizzed about trade, Musk, and bank safety, says economy is fine

U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the ...

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