Fed’s Powell sees steady growth, signals pause in rate cuts

November 13, 2019 Leave a comment

WASHINGTON — Federal Reserve Chairman Jerome Powell indicated Wednesday that the Fed is likely to keep its benchmark short-term interest rate unchanged in the coming months, unless the economy shows signs of worsening. But for now, in testimony before a ...

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Powell may signal future rate cuts, but would they matter?

August 21, 2019 Leave a comment

FILE - In this July 31, 2019, file photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage-point “over a fairly short period of time,” saying such a move would make the U.S. economy even better and would also “greatly and quickly” enhance the global economy. In two tweets Monday, Aug. 19, Trump kept up his pressure on the Fed and Powell, saying the U.S. economy was strong “despite the horrendous lack of vision by Jay Powell and the Fed.” (AP Photo/Manuel Balce Ceneta, File)

WASHINGTON — The economy is slowing, the trade war is raging and the president is repeatedly attacking. Under the glare of a spotlight, Chairman Jerome Powell may signal Friday what the Federal Reserve will do — or can do — ...

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