Fed chair sees China virus as possible risk to world economy
Just as the outlook for the global economy had been brightening in recent months, a new threat has suddenly emerged in the form of the viral outbreak in China. That was the cautionary message that Chairman Jerome Powell delivered this week after the Federal Reserve held interest rates low after its latest policy meeting. Speaking […]
Fed chair sees China virus as possible risk to world economy
Just as the outlook for the global economy had been brightening in recent months, a new threat has suddenly emerged in the form of the viral outbreak in China. That was the cautionary message that Chairman Jerome Powell delivered this week after the Federal Reserve held interest rates low after its latest policy meeting. Speaking […]
Fed seems content with low rates but confronts challenges
For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Chairman Jerome Powell has expressed a sense of gratification with Fed policy, thanks to a steady if unspectacular economy driven […]
Fed seems content with low rates but confronts challenges
For the first time in years, Federal Reserve officials will hold their latest policy meeting this week feeling broadly satisfied with where interest rates are and with seemingly no inclination to change them anytime soon. Chairman Jerome Powell has expressed a sense of gratification with Fed policy, thanks to a steady if unspectacular economy driven […]
Powell Fed raises as many questions as answers with rate cut
The Federal Reserve cut its key interest rate this week for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping […]
Powell Fed raises as many questions as answers with rate cut
The Federal Reserve cut its key interest rate this week for the first time in a decade to try to counter the impact of President Donald Trump’s trade wars, stubbornly low inflation and global weakness. It left open the possibility of future rate cuts, but perhaps not as many as Wall Street had been hoping […]
Fed set to cut rates for first time in decade. Is it a risk?
There’s little dispute that the Federal Reserve this week will do something it hasn’t done since 2008, when the U.S. economy was gripped by the Great Recession: Cut its benchmark interest rate. This time, by contrast, the economy is solid by most measures. Consumers are spending. Unemployment is close to a half-century low. A recession […]
Fed set to cut rates for first time in decade. Is it a risk?
There’s little dispute that the Federal Reserve this week will do something it hasn’t done since 2008, when the U.S. economy was gripped by the Great Recession: Cut its benchmark interest rate. This time, by contrast, the economy is solid by most measures. Consumers are spending. Unemployment is close to a half-century low. A recession […]
Powell signals that rate cut could be coming soon
Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade in light of a weakening global economy and rising trade tensions. Delivering the central bank’s semiannual report to Congress, Powell said that since Fed officials met last month, “uncertainties around […]
Powell signals that rate cut could be coming soon
Chairman Jerome Powell signaled Wednesday that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade in light of a weakening global economy and rising trade tensions. Delivering the central bank’s semiannual report to Congress, Powell said that since Fed officials met last month, “uncertainties around […]
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