Markets are expecting more rate cuts than they are likely to get, I argue, and the Fed's hawkish stance reinforces my views.

Removing the chair of the central bank would have severe consequences for markets and the economy, strategists warn.

Fed Chair Jerome Powell said Wednesday his 'base case' is that higher inflation stemming from President Trump's tariffs will be 'transitory' — reviving memories of how central bank policymakers talked ...

A fraught word resurfaced in the Federal Reserve’s lexicon again this week: "transitory." It came from Fed Chair Jerome Powell, who told reporters Wednesday his "base case" is that higher ...

Federal Reserve Chairman Jerome Powell on Friday appeared to back away from a "base case" view that inflation from new ...

The Federal Reserve Act says that governors, appointed by the president but confirmed by the Senate, can only be fired for ...

At Wednesday afternoon’s press conference following the two-day conclave of the FOMC, Fed chair Powell repeatedly invoked two words. Those words were: uncertainty, and transitory. Even if the ...

Federal Reserve Chairman Jerome Powell on Friday appeared to back away from a 'base case' view that inflation from new ...

“As I’ve mentioned, it can be the case that it’s appropriate sometimes to look through inflation if it’s going to go away quickly without action by us, if it’s transitory,” Mr Powell said.

Federal Reserve Chair Jerome Powell on Friday appeared to back away from a "base case" view that inflation from President Trump's new tariffs could be transitory, saying that "it is also possible ...