Latest Jerome Powell News

Fed Chairman Powell says prosperity not felt in all areas

Feb. 12, 2019 4:42 PM EST

ITTA BENA, Miss. (AP) — Federal Reserve Chairman Jerome Powell traveled Tuesday to a historically black university in the Mississippi Delta to deliver a message that the nation's prosperity has not been felt in many such areas around the country. Powell said that many rural areas had been left out and...

Fed Chairman Powell urges plain speaking at Fed

Feb. 6, 2019 8:31 PM EST

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Wednesday that he has used his first year as chairman to make sure the central bank deserves the trust of the American people, especially at a time when people are losing faith in big institutions. Powell acknowledged that at the moment "we are...

Mnuchin says Powell and Trump had 'productive' meeting

Feb. 6, 2019 2:45 PM EST

WASHINGTON (AP) — Treasury Secretary Steven Mnuchin said Wednesday that President Donald Trump had a "quite productive" dinner with Federal Reserve Chairman Jerome Powell, during which they discussed a wide range of subjects, from the state of the economy to the Super Bowl and Tiger Woods' golf game....

Trump has solid US economy for SOTU, but threats remain

Feb. 5, 2019 12:06 AM EST

WASHINGTON (AP) — President Donald Trump will enjoy the backdrop of a mostly solid economy as he delivers his second State of the Union address Tuesday night, though questions about its sustainability linger. Trump will likely tout the latest signs of strength: Friday's jobs report showed that employers...

Today in History

Feb. 5, 2019 12:01 AM EST

Today in History Today is Tuesday, Feb. 5, the 36th day of 2019. There are 329 days left in the year. Today's Highlight in History: On Feb. 5, 1937, President Franklin D. Roosevelt proposed increasing the number of U.S. Supreme Court justices; the proposal, which failed in Congress, drew accusations that...

Trump and Fed chairman Powell discuss economy over dinner

Feb. 4, 2019 9:39 PM EST

WASHINGTON (AP) — The Federal Reserve says Chairman Jerome Powell had dinner at the White House with President Donald Trump on Monday, but the two men did not discuss the future course of interest rates. The Fed says Trump and Powell were joined by Treasury Secretary Steven Mnuchin and Federal Reserve Vice...

Set against a shaky global picture, US economy looks sturdy

Feb. 2, 2019 10:12 AM EST

WASHINGTON (AP) — The U.S. economy, well into its 10th year of growth, still has a spring in its step. And it's all the more visible when set against a tiring global picture. A robust January jobs report on Friday showed that America's companies are, for now, brushing off an array of economic perils and...

A robust job gain in January shows US economy's durability

Feb. 1, 2019 1:13 PM EST

WASHINGTON (AP) — U.S. employers shrugged off last month's partial shutdown of the government and engaged in a burst of hiring in January, adding 304,000 jobs, the most in nearly a year. The healthy gain the government reported Friday illustrated the job market's resilience nearly a decade into the...

A robust US job market likely defied shutdown during January

Feb. 1, 2019 7:55 AM EST

WASHINGTON (AP) — U.S. employers likely kept adding jobs at a healthy pace in January even in the face of threats ranging from weakening global growth to the Trump administration's trade war with China to the partial shutdown of the government. On Friday, the Labor Department will issue the monthly...

A robust US job market likely defied shutdown during January

Jan. 31, 2019 5:44 PM EST

WASHINGTON (AP) — U.S. employers likely kept adding jobs at a healthy pace in January even in the face of threats ranging from weakening global growth to the Trump administration's trade war with China to the partial shutdown of the government. On Friday, the Labor Department will issue the monthly...