Latest Jerome Powell News
U.S. economy grows solid 2.3% in October-December on eve of Trump return to White House, 2.8% in '24
WASHINGTON (AP) — A humming American economy ended 2024 on a solid note with consumer spending continuing to drive growth, and ahead of what could be a significant change in direction under a Trump administration. The Commerce Department reported Thursday that gross domestic...
Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump
WASHINGTON (AP) — The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a sign of a more cautious approach as the Fed seeks to gauge where inflation is headed and what policies President Donald Trump may pursue. ...
Stock market today: Wall Street slips after the Federal Reserve keeps interest rates steady
NEW YORK (AP) — U.S. stock indexes slipped Wednesday after the Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through easier rates in September. The S&P 500 fell 0.5% following the Fed’s widely expected decision....
