Jerome Powell
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Business
Fed minutes show big rate cut favored by ‘substantial majority’
A “substantial majority” of Federal Reserve officials at the central bank’s September meeting supported beginning an era of easier monetary…
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Business
US economy added 254K jobs last month — blowing past forecasts
The economy added a whopping 254,000 jobs last month — blowing past forecasts that predicted a modest rise and diminishing…
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Business
Fed’s Jerome Powell hints at more rate cuts but warns of ‘two-sided’ risks
The US economy seems poised for a continued slowdown in inflation that will allow the Federal Reserve to cut its benchmark interest…
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Business
Michelle Bowman votes against Fed half-point rate cut — first dissent since 2005
Federal Reserve Governor Michelle Bowman on Wednesday became the first Fed governor to vote against an interest-rate decision by the…
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Business
Fed might have cut rates at July meeting: Fed Chair Powell
The central bank might have begun cutting interest rates in late July had it known that the labor market was cooling as fast as it…
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Business
Investor hopes high for bigger interest rate cut, sending Dow near all-time high
Hopes for a big rate cut from the Federal Reserve next week got suddenly revived, sending the Dow near an…
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Business
US labor market added 142,000 jobs in August, fewer than expected
The American labor market weakened last month as employers added just 142,000 jobs in August — well below analyst estimates…
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Business
Federal Reserve Chair Jerome Powell says ‘the time has come’ to cut interest rates
Federal Reserve Chairman Jerome Powell signaled he is finally ready to start cutting interest rates, saying he believes the central…
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Business
Most Federal Reserve officials ready to cut rates in September if inflation keeps cooling
Most Federal Reserve officials agreed last month that they would likely cut their benchmark interest rate at their next meeting…
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Business
Mortgage rates fall to 6.47%, lowest level in more than a year, as Fed cut looms
Mortgage rates fell to their lowest level in more than a year in a welcome sign for the beleaguered housing…
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