News

Powell warns ending Fed interest on reserves would be 'volatile' and costly
Powell said when it comes to taking the interest on reserve power away, "there's an illusion that it would save money. That ...
Watch: Fed’s Powell Testifies on Capitol Hill for Second Day
Federal Reserve Chair Jerome Powell was back on Capitol Hill for his second day of testimony. This time he was in front of ...
Highlights From Jerome Powell's Congressional Testimony
Follow live coverage and the latest news from Federal Reserve Chairman Jerome Powell. He'll speak to both chambers of ...
Fed's Powell repeats warning about tariffs as some GOP senators accuse him of bias
Federal Reserve Chair Jerome Powell said Wednesday that President Donald Trump’s sweeping tariffs will likely push up ...
Fed chief Powell is starting to worry about the reliability of economic data
Cuts to the Bureau of Labor Statistics could be clouding jobs and inflation data, complicating the Fed's data-driven rate ...
Read Powell's Prepared Remarks
Below are Chair Jerome Powell's prepared remarks to the House Committee on Financial Services. He's expected to deliver ...
S&P 500, Nasdaq set to open higher as Middle East tensions cool; Powell in focus
Wall Street's S&P 500 and Nasdaq indexes were on track for a higher open on Wednesday as a ceasefire between Israel and Iran ...
Powell Tells Congress Fed Remains Committed to Fighting Inflation Amid Uncertainty Over the Impact of Tariffs
The Federal Reserve chairman says he still does not know how much of an impact President Donald Trump’s tariffs will have on ...