Powell squashes the possibility that the Fed will develop its own digital currency
Powell asserted Tuesday that the central bank will not develop its own digital currency as long as he is in charge.
Fed Chair Powell says central bank doesn't ‘need to be in a hurry' to lower interest rates further
Powell called the economy “strong overall” with a “solid” labor market and inflation that is easing but still above the Fed’s ...
Gold price advances as US CPI heats up
Gold price recovered some ground late during Wednesday’s North American session. Federal Reserve (Fed) Chair Jerome Powell ...
Fed faces thorny decisions as it weighs when to lower interest rates amid Trump's tariffs
The Fed faces complex decisions as it decides how quickly to cut rates or whether to raise them amid Trump's tariffs and ...
US inflation worsened last month with prices for groceries and gasoline heading higher
President Donald Trump pledged to reduce prices in last year’s campaign, though most economists worry that his many proposed tariffs could at least temporarily increase costs.
Asia-Pacific markets set for higher open after Wall Street declines on inflation fears
Overnight in the U.S., the S&P 500 tumbled and bond yields spiked after consumer prices rose more than expected in January.
FTSE 100 closes higher and US stocks tepid as Powell says 'no hurry' for rate cuts
Markets were reacting to president Donald Trump's move to impose 25% tariffs on steel and aluminium imports as well as ...
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 ...
Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill
Steady hiring and a mostly-healthy job market suggest that there is less of an urgent need for the Fed to reduce borrowing ...
Finance & Commerce2d
Congress likely to press Powell about shifting economic expectations
The odds of further interest rate cuts this year by the Federal Reserve dwindled last week as unemployment fell and more ...
Don't read too much into January CPI report, Chicago Fed's Goosbee says
Chicago Fed President Austan Goolsbee called the January Consumer Price Index data "sobering" when the inflation rate came in hotter than expected on Wednesday. But don't read too much into any one ...
Fed officials see healthy jobs market, no rate-cut rush
Federal Reserve officials on Friday said the U.S. job market is solid and noted the lack of clarity over how President Donald ...