Transcript: Fed Chief Jerome Powell’s Postmeeting Press Conference
Federal Reserve Chair Jerome Powell discussed the central bank’s decision to cut interest rates by a half percentage point, ...
Intelligencer on MSN5d
How Jerome Powell Got The Fed To A Big Half-Point Cut
Would Fed chair Jerome Powell opt for a measured, quarter percentage point change in rates, as he had for the last year? Or ...
Jerome Powell was clear: Fed decisions have nothing to do with politics. Politicians didn’t get the memo
"We're always going into this meeting and asking 'What's the right thing to do for the people we serve?' We do that and we ...
Fed Announces Big Rate Cut
We concluded that this was the right thing for the economy and the people we serve,” the Federal Reserve chair, Jerome Powell ...
The Washington Post5d
Fed cuts interest rates by half a point, marking first trim since 2020
The Fed’s benchmark rate now sits between 4.75 and 5 percent. “The U.S. economy is in good shape,” Fed Chair Jerome H. Powell said at a news conference. “It’s growing at a solid pace ...
jagranjosh.com4d
What is US Fed Rate Cut? Why It Happens, and How It Affects the Common Man and Markets
Who is the current chairman of the US Federal Reserve? Jerome H. Powell is the current chairman of the US Federal Reserve. Powell took office as Chairman of the Board of Governors of the Federal ...
Los Angeles Times6d
Fed announces big half-point interest rate cut, the first reduction since 2020
and will continue to enable further progress on inflation,” Fed Chair Jerome H. Powell said at a news conference after the conclusion of policymakers’ two-day meeting Wednesday. Stocks had ...
Wall Street falls sharply, closing its worst week in nearly 18 months
Stocks fell again, with once-highflying tech giants again taking the brunt, after a job market update came in weak, fueling ...
BusinessWorld4d
After supersized Fed policy rate cut, market hopes ride on US soft landing
The degree to which Fed Chair Jerome H. Powell’s outlook pans out is likely to be a key factor in the trajectory of stocks and bonds for the remainder of 2024. Prospects of a “soft landing,” where the ...
ABC News6d
Text of the policy statement the Federal Reserve released Wednesday
WASHINGTON -- Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended: Recent indicators suggest that economic activity has continued to expand at a ...