Powell Says Fed Isn’t Rushing to Change Rates
In testimony before the Senate Banking Committee today, Federal Reserve Chair Jerome Powell stuck to last month’s message, ...
Mortgage Rates May Remain Elevated, Powell Says
Mortgage rates may stay high for some time, Federal Reserve Chair Jerome Powell said on Tuesday, given that the central bank ...
Powell Urges Patience on Rate Cuts. He Speaks With the House Next.
Live coverage of Fed Chair Jerome Powell's semiannual address to Congress. He spoke to the Senate on Tuesday and will speak ...
Powell Says Fed Doesn’t Need to Rush on Rate Cuts
The Fed chair is expected to deliver a simple message to lawmakers: Because the economy is doing well, the Fed can take its time to decide when and whether to lower interest rates.
Powell Says Fed Is Meaningfully Above Neutral Rate
Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a ...