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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.” ...
Analysis-Hotter January Inflation Jolts Markets, Dimming Rate Cut Hopes
NEW YORK (Reuters) - Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming ...
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 ...
Fed is 'close but not there' on getting inflation under control, Powell says
Federal Reserve Chair Jerome Powell said Wednesday that the January consumer-price index data fit with an overall picture that the Fed is "close but not there" on getting inflation back to its 2% ...
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 ...
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 ...
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.
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 ...