Federal Reserve Chair Jerome Powell is on Capitol Hill this week for his twice-yearly testimony before Congress. Powell ...
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee in the Hart Senate Office Building on ...
Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more ...
Higher inflation readings left Fed officials telling lawmakers, business executives and the public that they may be waiting ...
Sen. John Kennedy, a Republican from Louisiana, praised Powell and the Fed for bringing down inflation from a 9.1% peak in June 2022, to 2.9% now. Kennedy noted that many economists had forecast that ...
Federal Reserve Chair Jerome Powell delivered a simple message to Congress to start two days of testimony on Tuesday: Because the economy is doing well, the Fed can take its time to decide when and wh ...
Treasury Secretary Scott Bessent said Thursday he wouldn’t be commenting on the Federal Reserve’s interest rate policies and expressed confidence in Fed Chair Jerome Powell, breaking from ...
Still, mortgage rates are closely tied to the yield on the 10-year Treasury note, which can move independently of the Fed's actions. The shifting expectations come as Chair Jerome Powell heads to ...