"The economy is not sending any signals that we need to be in a hurry to lower rates," Powell said Thursday in Dallas.
Many economists still expect another quarter-point cut ahead in December. But expect more debate on the Fed's path in 2025.
Credit card interest rates remain high, in part, because the Fed's benchmark rate still stands at a historically high level, ...
"The strength we are currently seeing in the economy gives us the ability to approach our decisions carefully," Powell said.
Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut ...
Federal Reserve Chair Jay Powell said the central bank does not need to be 'in a hurry' to lower interest rates, and that the ...
At least for now. Trump, who appointed Powell as Fed chair, weighed firing him in a disagreement over interest rates in 2018.
The Fed has lowered its benchmark interest rate twice this year, with its most recent rate cut in November. While rate cuts ...
Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming ...
Even with two Fed rate cuts now in the books, you can still easily earn 4% to 5% returns in a number of risk-free ways. One ...
Several Federal Reserve officials Wednesday reiterated their deep uncertainty over how far the central bank will need to ...
The Federal Reserve chair said there are no economic indicators calling for rapid rate cuts. He also addressed Fed independence, the impact of Trump's economic agenda and more.