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US Federal Reserve chairman Jerome Powell said that US rates are on hold

Fed's Powell expects sustained expansion of US economy

The US economy is likely to continue to grow, but faces continued risks from the global slowdown and trade disputes, which have already dampened expansion, Federal Reserve chief Jerome Powell said today.

Business • 13 Nov 19

US Federal Reserve chief Jerome Powell says the US economic outlook is favourable

Fed signals holding pattern on rates for now

The US Federal Reserve cut interest rates again last night to help sustain a record-long economic expansion but signaled a higher bar to further reductions in borrowing costs.

Business • 19 Sep 19

US Federal Reserve under pressure to cut rates again

US Federal Reserve signals another US rate cut

Expectations are high for the US Federal Reserve to deliver the year's second interest rate cut this evening as members conclude a hotly-anticipated policy meeting in Washington.

Business • 18 Sep 19

The Fed chief said that Facebook's Libra 'raises many serious concerns regarding privacy, money laundering, consumer protection and financial stability'

Fed chief urges caution on Facebook's Libra project

US Federal Reserve Chairman Jerome Powell said that Facebook's plan to build a digital currency called Libra "cannot go forward" until serious concerns are addressed.

Business • 11 Jul 19

US President Donald Trump and US Federal Reserve chairman Jerome Powell

US President says Federal Reserve 'blew it' on rates

US President Donald Trump has again criticised the Federal Reserve for not cutting interest rates, keeping up his pressure on the central bank to change its policies.

Business • 24 Jun 19

US Federal Reserve chairman Jerome Powell

Fed opens door to rate cut amid growing 'uncertainties'

The US Federal Reserve opened the door to an interest rate cut last night, vowing to act to keep the economy growing as uncertainties about trade and other issues mount.

Business • 20 Jun 19

The Federal Reserve is likely to leave interest rates unchanged this year, minutes from its last meeting show

Citing slowdown, Fed sees no changes to rates in 2019

The Federal Reserve is likely to leave interest rates unchanged this year given risks to the US economy from a global slowdown and uncertainty over trade policies and financial conditions, according to the minutes from its March 19-20 policy meeting.

Business • 11 Apr 19

US Federal Reserve chief Jermone Powell said he fashions his own remarks to be understood more broadly

You don't need a PhD anymore to read Fed statements

The US Federal Reserve's policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand them.

Business • 27 Feb 19

US Federal Reserve chief Jerome Powell appeared before a US Senate Banking Committee today

US inflation to fall further below 2% target - Powell

Despite solid growth and continuing job gains, the US economy will see inflation fall even further below the Fed's 2% goal, at least for a time, Federal Reserve Chairman Jerome Powell said today.

Business • 26 Feb 19

Minutes from the US Federal Reserve's December policy meeting were released last night

US Fed 'can afford to be patient' on rate hikes

US central bankers "can afford to be patient" before raising interest rates again, given low inflation and uncertainty about the outlook, according to the minutes of the Federal Reserve's December policy meeting.

Business • 10 Jan 19

US Fed chief Jerome Powell took his post early last February after being appointed by Donald Trump

Fed chair's job is not in jeopardy - White House

The head of the US Federal Reserve faces no risk of losing his job and President Donald Trump is happy with his Treasury secretary, a White House official said.

Business • 27 Dec 18

The central bank said the US economy has been growing at a strong rate and the job market has continued to improve

Fed raises interest rates, signals fewer hikes ahead

The US Federal Reserve has raised interest rates, as expected, but forecast fewer rate hikes next year and signalled its tightening cycle is nearing an end in the face of financial market volatility and slowing global growth.

Business • 19 Dec 18

Donald Trump appointed Jerome Powell as the US Federal Reserve chief

Trump calls US Federal Reserve his 'biggest threat'

US President Donald Trump reignited his controversial criticism of the US Federal Reserve, calling the Fed his "biggest threat."

Business • 17 Oct 18

President Donald Trump has called the Fed 'crazy', 'loco' and 'too aggressive' in raising rates

Call 'em crazy, but Fed likely to keep raising US rates

A stock sell-off, rising trade tension with China, slower global growth and verbal pressure from the White House are unlikely to dent the US Federal Reserve's rate hike plans in an economy performing in line with its forecasts.

Business • 12 Oct 18

The US Federal Reserve chief Jerome Powell's comments were taken as a reassuring sign by investors

Euro zone bond yields fall after US Fed chief's speech

Government bond yields in the euro area fell after US Federal Reserve chief Jerome Powell confirmed the outlook for steady rate increases in the world's biggest economy.

Business • 27 Aug 18

Jerome Powell was nominated by Donald Trump to lead the Federal Reserve

US President 'not thrilled' with Fed interest rate hike

US President Donald Trump once more broke with protocol as he criticised the US Federal Reserve for raising interest rates and accused it of failing to support his economic policies.

Business • 21 Aug 18

US President Donald Trump and US Federal Reserve chief Jerome Powell

Trump slams Fed's rate policy despite strong economy

US President Donald Trump has criticised Federal Reserve policy even though most economists believe the highest inflation in seven years and lowest unemployment in 40 years justify recent interest rate rises and a strong US dollar.

Business • 20 Jul 18

US businesses already hurt by tariffs - Fed chief

US businesses already are being hurt by the exchange of tariffs on key products, Federal Reserve Chairman Jerome Powell has said.

Business • 19 Jul 18

Fed Chairman Jerome Powell said today 'it is difficult to predict the ultimate outcome of current discussions over trade policy'

Fed's Powell sees 'several years' of strong jobs growth

US Federal Reserve Chairman Jerome Powell said today the US economy is on the cusp of "several years" where the job market remains strong and inflation stays around its 2% target.

Business • 17 Jul 18

The rate increase is the first since Jerome Powell became chair of the Federal Reserve

US Federal Reserve raises interest rates again

The US Federal Reserve last night raised interest rates, a move that was widely expected but still marked a milestone in the bank's shift from policies used to battle the 2007-2009 financial crisis and recession.

Business • 14 Jun 18

Jerome Powell is expected to oversee a rate rise at the Fed's monetary policy meeting in March

US Fed will stick to gradual rate rises - Powell

Federal Reserve chair Jerome Powell has told US lawmakers that the Fed would stick with gradual interest rate increases despite the added stimulus of tax cuts and government spending.

Business • 27 Feb 18

Most of the Fed's rate-setting committee believe that US inflation will rise

Fed policymakers show rising confidence on inflation

The US Federal Reserve's rate-setting committee showed more confidence in the need to keep raising interest rates at its last policy meeting, with most believing that inflation would perk up.

Business • 22 Feb 18

Incoming US central bank chief, Jerome Powell

US Fed keeps interest rates unchanged

The US Federal Reserve kept interest rates unchanged on Wednesday but said it anticipated inflation would rise this year, in a sign it is still on track to raise borrowing costs again in March under incoming central bank chief Jerome Powell.

News • 31 Jan 18

Today's policy meeting is Fed Chair Janet Yellen's last as head of the bank

Fed expected to keep rates steady as Yellen era ends

The Federal Reserve is expected to leave interest rates unchanged tonight while signaling a gradual tightening of monetary policy later this year as the US economy continues to expand and job gains remain solid.

Business • 31 Jan 18

Jerome Powell was confirmed by a vote of 85-12 as the new Fed chief

US Senate confirms Jerome Powell as next Fed chairman

The US Senate has confirmed former investment banker Jerome Powell as head of the Federal Reserve, putting President Donald Trump's pick in a role of enormous influence over the world's largest economy.

Business • 24 Jan 18