Fed Chair Jerome Powell pumps brakes on rate cuts

(WASHINGTON) -- The Federal Reserve will see if inflation moves beyond its current rough patch before imposing highly anticipated interest rate cuts, Fed Chair Jerome Powell said on Wednesday.Addressing a business conference at Stanford University, Powell touted progress in the fight to cool price... Read More.

US economy ‘quite resilient,’ Fed Chair Jerome Powell says

(NEW YORK) -- Federal Reserve Chair Jerome Powell on Wednesday voiced an optimistic message about the U.S. economy and downplayed the threat of a recession."The U.S. economy has actually been quite resilient," Powell said in Sentra, Portugal, at a conference organized by the European... Read More.