Articles tagged under: Jerome Powell

Modest Rate Cuts on Horizon

Published October 2, 2024

After cutting the federal interest rate by a half percentage point in September, Federal Reserve Chair Jerome Powell does not see a reason to be as aggressive going forward. Powell said the economy is in solid shape and that a…

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Interest Rate Cut

Published September 19, 2024

The Federal Reserve cut the federal lending rate by a half-percent. This is the first interest rate reduction in four years. "The U.S. economy is in a good place and our decision is designed to keep it there," reported Fed Chair…

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‘Time has Come’ to Cut Interest Rates

Published August 23, 2024

The Federal Reserve Board is expected to cut interest rates at its September meeting. “The time has come for policy to adjust,” said Fed Chair Jerome Powell during the annual Jackson Hole Economic Conference. “The direction is clear and the…

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A Pause in Interest Rate Increases

Published October 20, 2023

Speaking at a New York event Thursday, Federal Reserve Board Chairman Jerome Powell indicated short-term interest rates would remain unchanged at their next meeting October 31 and November 1. With a tighter financial situation, Powell suggested an extended pause in…

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More Interest Rate Hikes Expected

Published August 25, 2023

Federal Reserve Board Chairman Jerome Powell remains committed to bringing inflation down to two percent. "We have tightened policy significantly over the past year," said Powell. "We are prepared to raise rates further if appropriate and hold policy at a…

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Interest Rates Rise

Published July 27, 2023

The Federal Reserve bumped interest rates by a quarter percentage point to a range of 5.25 percent-to-5.5 percent. Interest rates are now at a 22-year high. Fed Chair Jerome Powell would not rule out another rate hike at the central…

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More Interest Rate Hikes Expected

Published June 30, 2023

The first quarter real gross domestic product increased by two percent. That’s far better than the 1.4 percent expected by industry analysts. In a separate report, the Labor Department said the initial jobless claims for the week ending June 24…

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Fed Signals a Pause in Interest Rate Increases

Published May 4, 2023

As expected, the Federal Reserve raised interest rates by 25 basis points following its May meeting. The Fed also signaled it could be done raising rates for now. The interest rate hike is the tenth consecutive rate increase bringing the…

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Interest Rates Increase 25 Basis Points

Published March 23, 2023

Interest rates are now at the highest level since September of 2007. The benchmark rate was increased another quarter-percentage point and is now in a range of 4.5-to-five percent. Federal Reserve Board Chairman Jerome Powell said the economy was doing…

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More Interest Rate Hikes on the Horizon

Published March 12, 2023

Federal Reserve Board Chair Jerome Powell told lawmakers the central bank would consider raising interest rates by a half percentage point later this month. During his semiannual visit to Capitol Hill to discuss monetary policy, Powell also said the benchmark…

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