Fed leaves rates steady and signals a pause in 2020
The Federal Reserve held interest rates steady at its December meeting on Wednesday, halting a series of rate cuts that lifted markets and countered recession fears amid ongoing trade uncertainty.
jerome powell
Fed expected to leave interest rates alone, Trump pushes for more cuts
The Federal Reserve has erased nearly half of all the rate increases of the past two years since July -- but now the central bank is expected to halt any further cuts even as President Donald Trump continues to push for more.
Even an unusual Trump-Powell meeting can't spook investors right now
You'd think that Monday's surprise meeting between Federal Reserve Chairman Jerome Powell and President Donald Trump might leave investors feeling shaken.
Powell: US growth threatened by trade wars, global sluggishness
Federal Reserve Chairman Jerome Powell on Wednesday depicted a robust US economy with a healthy job market and rising incomes, but warned of
Fed cuts rates for the third time as US economy slows
The Federal Reserve cut interest rates for the third time this year as the US economy continued slowing amid ongoing trade disputes and weak global growth.
Trump's attacks on the Fed are moving markets, study shows
The Federal Reserve insists it's immune to President Donald Trump's bullying. Investors, however, think otherwise.
Fed's Powell signals a possible rate cut
Federal Reserve Chairman Jerome Powell on Friday repeated his pledge to do whatever it takes to keep the US economy growing and waved off fears of an imminent recession despite "significant risks" from uncertainty around trade.
Dow logs second-worst month of the year
On the last trading day of August, the Dow and the broader stock market logged their second-worst month of this year. Stocks finished mixed Friday, giving up gains after opening higher.
Dow sinks more than 600 points after Trump's China, Fed tweets
Stocks finished a volatile trading day sharply in the red Friday, after a selloff driven by President Donald Trump's response to new retaliatory tariffs from China and Fed policy.
Powell acknowledges growing risk of slowdown
Federal Reserve chairman Jerome Powell on Friday acknowledged that the economy has grown more turbulent in the three weeks since the Fed cut rates for the first time in a decade -- but stopped short of giving any indication about what might be coming at the next rate-setting meeting in September.
Asian markets edge higher
Asian markets mostly moved cautiously higher Friday as investors awaited Federal Reserve Chairman Jerome Powell's speech for clues on whether the US central bank will cut interest rates in the future.
Dow ekes out gain as bond market flashes another recession warning
The Dow and US stocks were all over the place in choppy Thursday trading, after the bond market once again flashed warning lights that a recession could be coming.
Bad economic news raises political risks for Trump
President Donald Trump enjoyed a brief stock market bounce after deciding to delay his threatened tariffs on Chinese-made cell phones and toys, but Wednesday's very bad day for the US stock market underscored the grim economic reality facing the President as he runs for reelection.
Former Fed governors: US central bank must be independent
Four former heads of the Federal Reserve have warned that an erosion of the central bank's independence will undermine financial markets and damage the economy.
Dow plunges after Powell says not to expect further rate cuts
The Dow fell as much as 450 points Wednesday afternoon after Federal Reserve Chairman Jerome Powell said that the quarter-point rate cut that the Fed had approved earlier in the day was a one-off.
How Jerome Powell stopped a US default in 2011
In May of 2011, then-Treasury Secretary Tim Geithner issued a stark warning letter to Congress: the US government had hit the debt limit and would no longer be able to pay its bills past August 2. That gave Congress exactly 11 weeks before America's wallet would be empty.
Facebook's digital currency Libra to face Congressional hearings
Facebook is willing to delay its entrance into the cryptocurrency market to work with regulators, Facebook executive David Marcus said in prepared remarks ahead of Congressional hearings on Libra this week.
Dow closes over 27,000 for first time ever
The Dow and the S&P 500 finished at new all-time highs on Thursday.
Fed chair gets backup from Congress amid Trump onslaught
Federal Reserve Chairman Jerome Powell is one of President Donald Trump's favorite targets, but he's cultivated an army of fans at the other end of Pennsylvania Avenue.
Fed chair: I won't leave if Trump asks me to quit
Federal Reserve Chairman Jerome Powell defiantly said Wednesday he would not accept being fired by President Donald Trump, who has waged an unprecedented public pressure campaign on the central bank.
Fed Chairman Jerome Powell strongly hints a rate cut is coming
Federal Reserve Chairman Jerome Powell on Wednesday strongly hinted at a potential rate cut later this month, citing unresolved trade tensions and worries over the weakness of the global outlook.
Stocks close higher, Nasdaq hits a new record
The Nasdaq Composite finished at a fresh record high on Wednesday as stocks rallied across the board.
Dow logs third day of losses ahead of Powell testimony
The Dow recorded its third day of losses in a row on Tuesday, as investors anxiously wait to hear from Federal Reserve Chairman Jerome Powell.
Trump again calls on Fed to boost an already-strong economy
President Donald Trump on Friday continued his public pressure campaign on the Federal Reserve to cut interest rates to juice the US economy. The irony is he already has the economy that he wants.
First Warn Forecast
