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Fed Chair Jerome Powell Signals September Rate Cut in Jackson Hole Speech, Saying 'Balance of Risks' Is Shifting From Inflation to Layoffs

Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole ...

Fed Officials Erase Old Policy That Tolerated Higher Inflation

The central bank retired a previous strategy and on Friday unveiled a new approach that updates how inflation and employment ...

Week Ahead for FX, Bonds: U.S. PCE Inflation Data in Focus as Fed Rate Cut Looks Likely

U.S. PCE inflation data for July will be the key economic indicator as investors anticipate that the Federal Reserve will ...

Fed Chair Powell says inflation, hiring slowdown pose 'challenging situation'

Federal Reserve Chair Jerome Powell on Friday said the central bank faces a "challenging situation" as a hiring slowdown ...

Powell signals Fed may cut rates soon even as inflation risks remain

Federal Reserve Chair Jerome Powell on Friday opened the door ever so slightly to lowering a key interest rate in the coming ...

Fed Chair Jerome Powell signals job market, inflation outlook could allow for interest rate cut

Federal Reserve Chair Jerome Powell said the balance of risks to the labor market and inflation have shifted, signaling a ...

Trump says he's firing Fed Governor Lisa Cook, opening new front in fight for central bank control

President Donald Trump says he's firing Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater ...

Trump says he is firing Fed's Cook over mortgage loan allegations

The unprecedented step could test the boundaries of presidential power over the independent monetary policy body should it be ...
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Trump fires Fed Governor Lisa Cook, opening new front in fight for control over central bank

President Donald Trump has fired Federal Reserve Governor Lisa Cook, a sharp escalation in his battle to exert greater ...

Trump fires Fed's Cook alleging false statements on mortgage forms

U.S. President Donald Trump on Monday said he was firing Federal Reserve Governor Lisa Cook over alleged improprieties in ...

Friday's PCE inflation data to play role in confirming Fed's pivot toward a cut

July data from the personal consumption expenditures price index, due on Friday, will be the focus of investor attention because of its potential to buttress or undermine the Federal Reserve's pivot ...