Fed, Powell
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Powell said that Fed staffers believe federal data could be overstating job creation by up to 60,000 jobs a month—which suggests the jobs market might be shrinking.
Jerome Powell refused to comment on President Donald Trump's search for his Federal Reserve replacement, saying the process doesn't affect his current chair role.
Federal Reserve Chair Jerome Powell admitted on Wednesday that there is still no "risk-free" path for the central bank as it seeks to bring down stubbornly high inflation while also supporting an increasingly creaky labor market.
Federal Reserve Chair Jerome Powell said the three rate cuts this year have put the central bank's benchmark interest rate closer to a "neutral" level, meaning it is neither boosting nor holding back the economy.
The Federal Reserve cut its influential fed funds rate this afternoon for the third time in as many meetings. Follow along with our live coverage of the Fed meeting.
Federal Reserve Chair Jerome Powell said Wednesday that the current overshooting of the central bank's 2% inflation target is mostly the result of President Donald Trump's import tax hikes.
Jerome Powell only has a five months left as Fed chair, but he hopes to leave a simple legacy. "My legacy? I really want to turn this job over to whoever replaces me with the economy in really good shape.
Federal Reserve chair Jerome Powell has expressed concern over the so-called "K-shaped" economy the U.S. is experiencing.