Powell refrains from saying which way interest rates could go based on Trump's policies
Federal Reserve Chair Jerome Powell, appearing for a second day of testimony before Congress, said central bank officials remain in a wait-and-see mode when it comes to deciding where interest rates ...
Powell Says Latest 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.
Powell says today's CPI data shows Fed is 'close but not there on inflation'
Fed Chairman Jerome Powell said Wednesday that the January CPI data fit with an overall picture that the Fed is "close but not there on inflation." "Today's report says the same thing," he added. Last ...
Powell Says Trump’s Rate Comments Won’t Impact Fed Policy
President Trump said that interest rates should come down earlier Wednesday. Officials have said they are in no rush to cut ...
Rep. Waters Urges Powell to Maintain Fed Independence
House Financial Services Committee Ranking Member Rep. Maxine Waters, a Democrat from California, urged Federal Reserve Chair ...
Dow Jones Drops as January Inflation Data Rattles the Stock Market
The Dow Jones Industrial Average (DJIA) dropped today alongside the release of the January Consumer Price Index (CPI) report. That’s due to ...
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Hotter-than-expected January inflation numbers may put 'final nail in coffin for rate-cut cycle,' asset managers say
A stronger-than-expected January inflation figure is likely to further cement the Federal Reserve’s cautious approach to monetary easing, said Whitney Watson, global co-head and co-CIO of fixed income ...
10-year Treasury yield has biggest one-day jump of 2025 after hot inflation data
U.S. government debt aggressively sold off on Wednesday, pushing the benchmark 10-year yield up for a fifth straight session, after the consumer-price index for January came in higher than expected ...
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LIVE: Federal Reserve Chair Jerome Powell to testify before House Committee on Monetary Policy Report
The House Financial Services Committee will hold a hearing Wednesday morning on “The Federal Reserve’s Semi-Annual Monetary Policy Report.” ...
Watch Fed Chair Powell speak live before House Financial Services Committee
Federal Reserve Chair Jerome Powell returns to Capitol Hill on Wednesday for the second day of his semiannual updates on ...
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WATCH LIVE: Powell testifies before House Financial Services committee as inflation increases
The consumer price index increased 3% in January from a year ago, Wednesday’s report from the Labor Department showed, up from 2.9% the previous month. It has increased from a 3 1/2 year low of 2.4% ...
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Rupee stock falls as demand for dollar rises
The currency had risen to a near-two-week high of 86.47 earlier in the day but could not maintain its strength. The heightened demand for dollars at the daily reference rate set by the central bank ...