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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'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

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

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

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

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

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

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

Fed should 'respond decisively' to any economic crisis

The US Federal Reserve should "respond decisively" to any new economic crisis, Fed chair nominee Jerome Powell told the Senate Banking Committee today.
Business • 28 Nov 17

Fed policymakers say rate increase warranted soon

Many Federal Reserve policymakers expect that interest rates will have to be raised in the "near term," according to the minutes of the Fed's last policy meeting.
Business • 23 Nov 17

Interest rate rises on the horizon

The US Federal Reserve last night voted to hold its interest rates steady for another month - but signalled a likely rate rise when it meets again in December.
Business • 02 Nov 17

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