JPMorgan Chase CEO Jamie Dimon has come to the defence of Fed chairman Jerome Powell, saying his cautious approach is appropriate.

Following the last review, the Fed outlined a policy that became known as flexible average inflation targeting. The move was a stated intent to allow inflation to run slightly over the central bank's 2% target for a period of time in the interest of providing full and inclusive employment across the economy, including for race and gender.

Donald Trump has fired shots at Jerome Powell, branding the Fed Chair a latecomer over delays over interest rate cuts.

Powell said Thursday that longer-term interest rates are likely to be higher as the economy changes and policy is in flux.

Federal Reserve Chairman Jerome Powell said Thursday that the US may be entering a period of more frequent supply shocks and volatile inflation, warranting more transparent communication practices from the central bank.

While acknowledging “the economic environment has changed significantly since 2020,” Federal Reserve chair Jerome Powell reiterated how policymakers approac

The Federal Reserve plans to shrink its workforce by about 10% over the coming years, bringing the central bank in line with President Trump’s broader efforts to streamline the federal government, according to a memo that Fed Chairman Jerome Powell sent to staff on Friday.

There is one subject where Federal Reserve Chair Jerome Powell has been consistent since becoming central bank boss nearly seven years ago: The nation’s fiscal path is "unsustainable." It’s a word he has come back to again and again in describing US deficits,