Something surprising happened on the way toward the highest U.S. interest rates in more than a dozen years: Neither consumers ...
Federal Reserve Chair Jerome Powell held a news conference after the central bank cut interest rates by 25 basis points, bringing its benchmark federal-funds rate to a two-year low.
The longstanding tensions between President-elect Donald Trump and Federal Reserve Chair Jay Powell are expected to take ...
A little jawboning won’t hurt, but firing Powell or designating a ‘shadow chairman’ would.
NPR's Leila Fadel talks to David Wessel, director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution, about the U.S. economic outlook for 2025.