(WASHINGTON) -- The Federal Reserve expects to begin cutting interest rates next year, Fed Chair Jerome Powell said at a press conference in Washington D.C. on Wednesday.Policymakers at the central bank believe interest rates likely stand at or near their peak, Powell added, voicing cautious... Read More.
(NEW YORK) -- Federal Reserve Chair Jerome Powell on Wednesday voiced an optimistic message about the U.S. economy and downplayed the threat of a recession."The U.S. economy has actually been quite resilient," Powell said in Sentra, Portugal, at a conference organized by the European... Read More.
(WASHINGTON) -- The Federal Reserve remains "very far" from its target inflation rate and nearly all members of its decision-making committee support at least one additional interest rate hike, Fed Chair Jerome Powell told House lawmakers on Wednesday.Inflation has fallen significantly from a peak... Read More.
(WASHINGTON) -- Federal Reserve Chair Jerome Powell spoke over the phone with two Russian pranksters falsely posing as Ukrainian President Volodymyr Zelenskyy, the central bank confirmed to ABC News on Thursday.The incident, which took place in January, has been referred to law enforcement, a... Read More.
(WASHINGTON) -- Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system "strong and resilient," voicing confidence in the nation's financial system and the safety of bank deposits less than two weeks after the failure of Silicon Valley Bank, the second-biggest bank collapse... Read More.
(WASHINGTON) -- Federal Reserve Chair Jerome Powell on Tuesday warned of potentially devastating consequences of a U.S. debt default and called on Congress to raise the debt ceiling.Speaking to the Senate banking committee, Powell said a potential U.S. debt default could be "extraordinarily adverse... Read More.
(WASHINGTON) -- Federal Reserve Chair Jerome Powell said Tuesday that the central bank's fight against inflation has "a long way to go," citing a blockbuster jobs report last week that showed the labor market remains hot despite the Fed's efforts to cool the economy."This... Read More.
(MIAMI) -- Jerome Baker is staying put with the Miami Dolphins for three more years.The team announced on Sunday that it has extended the 24-year-old linebacker’s contract through the 2024 season.While the Dolphins did not disclose the terms of the deal, Baker’s agent told... Read More.