Powell Says Fed Independence Is Critical to Its Inflation Fight
Powell defended the central bank’s independence from elected lawmakers’ desires. “Research over many, many years…shows that ...
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 ...
Powell says Trump's comments won't affect interest rate decisions by the Fed
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump's calls for lower interest rates won't lead ...
Powell backs change in bank-capital rules to boost liquidity in Treasury market
Federal Reserve Chairman Jerome Powell said Wednesday he supports a change to bank capital rules that has been on the industry's wish list At the moment, the Fed's "supplementary leverage ratio" ...
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US CPI Data Highlights: Dow drops more than 150 points after CPI report
The US Bureau of Labor Statistics will release the January 2025 Consumer Price Index (CPI) data on February 12 at 8:30 AM ...
Oil sinks 2% after Trump calls Putin, Zelenskiy to discuss end to war in Ukraine
Oil prices fell more than 2% on Wednesday after U.S. President Donald Trump took the first big step toward diplomacy over the ...
US Dollar turns down despite hot CPI
The US Dollar Index jumped after January CPI data surprises to the upside, fueling expectations of higher rates for a longer ...
January inflation ticks up to 3% annually as cost of groceries, gas, used cars rise
The latest Consumer Price Index report shows inflation ticked up to 3% in January from a year ago, a slight rise from the ...
'Stagflation' could be a disaster for your 401(k)
Inflation just won't die. Forget today's headline 3% figure: That's already out of date. According to the consumer-price report published Wednesday, prices last month rose at an annualized rate of ...
Grave warning from Fed chair: Jerome Powell says many areas in U.S will not be able to get mortgages, which are the regions? Are you planning to buy a home there?
Jerome Powell warned that climate change and natural disasters might make mortgages harder to obtain in certain US areas, ...
US inflation worsened last month with cost of groceries and gasoline rising
U.S. inflation accelerated last month as the cost of groceries, gas, and used cars rose, a trend that will likely underscore ...