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Finance

Powell sees tariffs raising inflation and says Fed will wait before further rate moves

Federal Reserve Chair Jerome Powell said Friday that he expects President Donald Trump's tariffs to raise inflation and lower growth, and indicated that the...

Finance

Fed holds interest rates steady, still sees two cuts coming this year

WASHINGTON – The Federal Reserve in a closely watched decision Wednesday held the line on benchmark interest rates though still indicated that reductions are...

Finance

Slower economic growth is likely ahead with risk of a recession rising, according to the CNBC Fed Survey

Respondents to the March CNBC Fed Survey have raised the risk of recession to the highest level in six months, cut their growth forecast...

Finance

The Fed is stuck in neutral as it watches how Trump’s policies play out

U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to...

Finance

Fed officials are worried about tariffs’ impact on inflation and see rate cuts on hold, minutes show

Federal Reserve officials in January agreed they would need to see inflation come down more before lowering interest rates further, and expressed concern about...

Finance

Fed Governor Bowman says more progress on inflation is needed before further rate cuts

Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego,...

Finance