The Federal Open Market Committee on Wednesday cut its short-term interest rate target by 50 basis points, and the question is whether to believe what Chairman Jerome Powell says or what he does.

President Biden on Thursday falsely claimed he had never spoken to Federal Reserve Chairman Jerome Powell as president, despite having a meeting with him at the White House two years ago.

Federal Reserve Chair Jerome Powell is expected to announce the first interest rate cuts by the central bank in more than a ...

Would Fed chair Jerome Powell opt for a measured, quarter percentage point change in rates, as he had for the last year? Or ...

Federal Reserve Chair Jerome Powell has spent the past two years determined to beat inflation even if it resulted in recession. Now he’s on the brink of winning the battle without bringing down ...

The central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it has been, Federal Reserve Chair Jerome Powell said Wednesday.

Although it might not be its fight at all. During a post-meeting press conference, Fed Chair Jerome Powell was asked if interest rate cuts would reignite demand in the housing market and send ...

Federal Reserve Chairman Jerome Powell blamed the migrant crisis for the nation’s growing unemployment after cutting the benchmark interest rate by 0.5 percentage point on Wednesday for the ...

The Federal Reserve's decision to opt for a bigger half-percentage-point cut opened a new area of disagreement between GOP nominee Donald Trump and Fed Chair Jerome Powell. What Trump said this ...

Sept. 18 (UPI) --Federal Reserve Chair Jerome Powell said during a Wednesday press conference that the first interest rate cut since 2020 is designed to maintain the strong U.S. economy.

Directly after the announcement, major indexes surged before paring those gains during Chair Jerome Powell's press conference ... 5% to hit fresh record highs. Official' projections show the ...