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Jerome Powell was speaking at the Kansas City Fed's annual economic symposium in Jackson Hole, Wyoming

Fed's Powell says 'time has come' to lower interest rates

Federal Reserve Chair Jerome Powell on Friday offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome and expressing confidence that inflation was within reach of the U.S. central bank's 2% target.

Business • 23 Aug 24

US Federal Reserve leaves interest rates unchanged

The US Federal Reserve held interest rates steady last night and signaled it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.

Business • 02 May 24

Inflation fight may take longer than expected - Fed chief

The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said last night, further paring back the chances of early rate cuts.

Business • 17 Apr 24

Powell sticks with Fed's cautious rate-cut strategy

US Federal Reserve officials, including chief Jerome Powell, continues to focus on the need for more debate and data before interest rates are cut, a move financial markets expect to occur in June.

Business • 04 Apr 24

Powell repeats there is time to deliberate over rate cuts

Federal Reserve Chair Jerome Powell reiterated today that the US central bank has time to deliberate over its first interest rate cut given the strength of the economy and recent high inflation readings.

Business • 03 Apr 24

US Federal Reserve sees three rate cuts in 2024

The US Federal Reserve held interest rates steady today, but policymakers indicated they still expect to reduce them by three-quarters of a percentage point by the end of 2024 despite stodgier expected progress towards its 2% inflation target.

Business • 21 Mar 24

US Fed's progress against inflation not assured - Powell

The US Federal Reserve's progress in bringing down inflation is "not assured," the chair of the bank said today ahead of two days of hearings in Washington.

Business • 06 Mar 24

US Fed holds key rate steady, March cut now unlikely

The US Federal Reserve last night voted to leave interest rates unchanged for the fourth meeting in a row, while indicating it was moving toward future cuts - but probably not before May at the earliest.

Business • 01 Feb 24

US Federal Reserve flags end of rate hikes

The US Federal Reserve held interest rates steady today and signaled in new economic projections that the historic tightening of US monetary policy engineered over the last two years is at an end and lower borrowing costs are coming in 2024.

Business • 14 Dec 23

US inflation is 'still too high', says Fed Chair Powell

US inflation is "still too high" despite a recent slowdown, Federal Reserve Chair Jerome Powell said yesterday, leaving the door open for a new interest rate hike.

Business • 20 Oct 23

US Federal Reserve leaves rates unchanged

The US Federal Reserve held interest rates steady today but stiffened its hawkish stance, with a further rate increase projected by the end of the year and monetary policy kept significantly tighter through 2024 than previously expected.

Business • 21 Sep 23

Powell said Fed policymakers would "proceed carefully as we decide whether to tighten further."

Powell: Fed may need to raise interest rates further

The US Federal Reserve may need to raise interest rates further to ensure inflation is contained Fed Chair Jerome Powell said today in remarks that balanced declines in the pace of price increases over the past year with the surprising overperformance of the US economy.

Business • 25 Aug 23

Fed raises interest rates, leaves door open to another

The Federal Reserve raised interest rates by a quarter of a percentage point today, citing still elevated inflation as a rationale for what is now the highest US central bank policy rate in 16 years.

Business • 27 Jul 23

More tightening to come, say top central bank chiefs

Leaders of the world's top central banks reaffirmed that they think further policy tightening will be needed to tame stubbornly high inflation but still believe they can achieve that without triggering outright recessions.

Business • 29 Jun 23

Powell's comments over Tuesday and Wednesday have indicated the Fed may have to raise rates higher and keep them there for longer

Powell: No call made yet on size of March rate rise

Federal Reserve Chair Jerome Powell has said that officials have not yet made a call on the size of the rate increase they are almost certain to deliver at their upcoming policy meeting.

Business • 08 Mar 23

The Fed chief made his comments in a question-and-answer session before the Economic Club of Washington

US inflation fight may last 'quite a bit of time' - Fed

Last Friday's blockbuster jobs report showed why the battle against inflation will "take quite a bit of time," Federal Reserve Chair Jerome Powell said last night.

Business • 08 Feb 23

US Federal Reserve chairman Jerome Powell

US Fed makes smaller interest rate hike

The US Federal Reserve slowed its pace of interest rate hikes last night, tempering an aggressive campaign to rein in costs as inflation cools, but signaled the battle is not yet over.

Business • 02 Feb 23

US signals shift to slower interest rate increases

The dollar tumbled to a three-month low versus the yen as traders focused on comments by Federal Reserve Chair Jerome Powell that interest rate hikes could be scaled back "as soon as December."

Business • 01 Dec 22

US Federal Reserve chief Jerome Powell at the Jackson Hole central bankers' gathering

Fed's Powell sees inflation fight lasting 'some time'

The US economy will need tight monetary policy "for some time" before inflation is under control, which means slower growth, a weaker job market and "some pain" for households and businesses, Federal Reserve Chair Jerome Powell said today.

Business • 26 Aug 22

The US Federal Reserve raised the benchmark borrowing rate three-quarters of a point in June

Fed flags risk US inflation could become entrenched

US central bankers last month flagged the concern that sky-high inflation could become a permanent fixture, and stressed their readiness to continue raising interest rates to tamp down price pressures.

Business • 07 Jul 22

Powell also repeated that the Fed's reductions to its massive balance sheet could start by May

Fed will raise rates more aggressively if needed

The US Federal Reserve must move "expeditiously" to bring too-high inflation to heel, Chairman Jerome Powell said today, adding that it could use bigger-than-usual interest rate hikes if needed to do so.

Business • 22 Mar 22

Fed signals first US rate hike since pandemic for March

US Federal Reserve Chair Jerome Powell has given a clear signal that the bank is ready to raise US interest rates in March for the first time since cutting them to zero when Covid-19 broke out.

Business • 27 Jan 22

Powell said the economy's fast-paced recovery from the coronavirus pandemic was "giving rise to persistent supply and demand imbalances and bottlenecks, and thus to elevated inflation"

Fed's Powell says 2022 rate hikes on the cards

US stocks deepened losses today after Federal Reserve Chairman Jerome Powell said the central bank was likely to raise interest rates this year, remarks that tempered demand for risky assets and lifted bond yields.

Business • 11 Jan 22

Jerome Powell said it was time to stop referring to high levels of inflation as 'transitory'

Risk of persistent inflation has risen: US Fed chair

The threat of "persistently high inflation" has risen and the US central bank will consider removing stimulus more quickly, US Federal Reserve chair Jerome Powell has said.

Business • 30 Nov 21

Former US President Donald Trump nominated Jerome Powell as Fed Chair in 2017

Powell's rollercoaster ride at the Fed

US Federal Reserve Chair Jerome Powell has been on a rollercoaster ride since he joined the institution almost a decade ago.

Business • 22 Nov 21