Federal Reserve Chairman Jerome Powell will testify before Congress next week, the first time he has answered lawmakers' questions since July, the central bank announced Thursday. Powell is set to ...
Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in Fed Chair Jerome Powell, breaking from earlier ...
The Federal Reserve told six major U.S. banks they won't need to submit results from climate stress tests this year as the program was shut, according to a media report.
In the 2025 stress-test scenario, the US unemployment rate would rise almost 5.9 percentage points to 10%. That hike would come with severe market volatility, widening corporate bond spreads, a 33% ...
The Dallas Mavericks sent Luka Doncic to the Los Angeles Lakers in arguably the most shocking trade in NBA history on Saturday night/Sunday morning, getting Anthony Davis, Max Christie, and a 2029 ...
Fed decided to keep its target rate in the 425-450 area. Read why Powell's last speech had the rhetoric to reinforce bullish ...
The Federal Reserve kicked off its second Trump era right where it left off: Doing exactly what it wanted to do, ignoring President Donald Trump’s demands that it lower rates.
Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a ...
The Federal Reserve on Wednesday hit pause on interest rate cuts in its first key decision of President Donald Trump’s second ...
A fight is brewing between President Trump and Fed Chief Jerome Powell over the Federal Reserve’s unwillingness to ...
Jerome H. Powell has been a member of the Board of Governors of the Federal Reserve System (FRB) since May 25, 2012, appointed by then-President Barack Obama to fill an unexpired term. He was ...
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