Jerome Powell

Fed Chairman Powell Hints At Interest Rate Cut; Stocks Rally

8:28pm July 10, 2019

by Scott Horsley

The Federal Reserve chairman is testifying before Congress this week about challenges the economy faces. Stocks rallied in anticipation the central bank will lower interest rates later this month.

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Federal Reserve Chairman Jerome Powell has said the central bank can afford to be patient on further rate increases.

Economy

Fed Says U.S. Growth Is 'Solid,' Keeps Interest Rates Unchanged

5:30pm January 30, 2019

by Avie Schneider

The labor market continues to get stronger and the economy is growing at a solid rate, the Federal Reserve said. The central bank also said it will be patient as it decides on future rate increases.

In a speech to the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell said interest rates are just below the range of estimates that would be "neutral" for the economy.

Economy

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

4:09pm November 28, 2018

by Jim Zarroli

Federal Reserve Chairman Jerome Powell said that the outlook for the U.S. economy remains solid and that interest rates are nearly within a "neutral" range, touching off a surge in stock prices.

Federal Reserve Board Chairman Jerome Powell, seen before a Senate committee hearing in July. The Fed announced another interest rate bump Wednesday on the strength of a healthy economy.

The Fed Just Raised Its Rate Again. When Will It Start To Hurt Consumers?

4:50pm September 26, 2018

by Colin Dwyer

Bullish stocks, low unemployment, high confidence — from most angles, the economy is strong. But questions linger as the Federal Reserve raises interest rates for the third time in 2018.

Federal Reserve Board Chairman Jerome Powell faced questions before the Senate Banking Committee on Tuesday about the effects of President Trump's trade policies.

Fed's Powell Says A Long Trade War Could Hurt U.S. Economy

5:22pm July 17, 2018

by Cameron Jenkins

A long trade war that results in higher, broader tariffs "will be bad for our economy and for other economies too," Federal Reserve Chairman Jerome Powell said at a Senate hearing Tuesday.

Federal Reserve Board Chairman Jerome Powell testifies during a Senate banking committee hearing in Washington, D.C., on March 1. This week, Powell presided over a Fed policy meeting for the first time since becoming chairman.

Fed Raises Interest Rates Again As New Chairman Steps Into Spotlight

5:03pm March 21, 2018

by John Ydstie

The central bank raised its key interest rate for the first time under Jerome Powell, announcing a quarter-percentage-point hike. Economists wonder if faster growth will mean more aggressive hikes.

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Federal Reserve Chairman Jerome Powell testifies Tuesday before the House Financial Services Committee in Washington. "My personal outlook for the economy has strengthened since December," he said.

New Fed Chief Sees Interest Rates Continuing To Rise As Economy Strengthens

7:36pm February 27, 2018

by John Ydstie

The central bank remains on track to boost rates gradually, Jerome Powell told Congress on Tuesday in his first testimony as Fed chairman. He said he has seen the economy picking up since December.

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Jerome Powell, President Trump's pick for chairman of the Federal Reserve, testifying before a Senate committee in November 2017. He was confirmed by the full Senate on Tuesday.

Senate Confirms Jerome Powell As New Federal Reserve Chair

9:36pm January 23, 2018

by Richard Gonzales

Powell, an uncontroversial pick of President Trump, is widely expected to follow the gradual interest rate increase policy of outgoing chief Janet Yellen.

Jerome Powell, nominated to be the next chairman of the Federal Reserve Board, testifies Tuesday during his confirmation hearing before the Senate Banking Committee.

Trump's Pick For Fed Signals Interest Rate Hike Likely Next Month

5:27pm November 28, 2017

by John Ydstie

Jerome Powell's confirmation hearing went smoothly, putting him closer to being confirmed as the Federal Reserve's next chairman. He suggested he'll continue the policies pursued under Janet Yellen.

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