U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the ...

Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more ...

After cutting its key rate a full percentage point in the final three months of last year, with “the economy remaining strong, we do not need to be in a hurry to adjust our policy stance,” Powell said ...

Federal Reserve Chair Jerome Powell told lawmakers on Tuesday the argument for free trade still makes sense but added that it was not the role of the central bank to comment on tariff or trade policy ...

Powell was also asked about the high cost of home ownership and President Trump's trade policies, but as usual, the Fed chair tried to steer clear of politics.

“You could … create a shadow Fed chair,” Bessent told Barron’s. “And based on the concept of forward guidance, no one is really going to care what Jerome Powell has to say anymore.

Powell's comments came after Federal Reserve members announced they ... Get top local stories in Southern California delivered to you every morning. Sign up for NBC LA's News Headlines newsletter.

We'll catch you up on the Chicago news you need to know. Sign up for the weekly Chicago Catch-Up newsletter. Fed Chair Powell said Wednesday that he has had "no contact" with Trump since the ...

I've got no further comment on that, thanks," Powell responded. In May 2024, Musk posted that the "Fed has a crazy high number of employees." The billionaire CEO of Tesla and SpaceX also said last ...

As you’d expect, the move was poorly received by the president. Hours after the Fed announced its decision to hold rates steady on Wednesday, Trump, who nominated Fed Chair Jerome Powell in his ...

And so far, the Federal Reserve and its chair, Jerome Powell, appear to be falling in line with the president. After Trump issued an executive order on Jan. 20 ending DEI programs across the ...