Federal Reserve Chair Jerome Powell told Congress on Tuesday (June 24) that higher tariffs will likely lead to higher prices down the line – though when, and how much of, those costs might be passed along to consumers is uncertain. The central banker’s testimony before...
The Federal Reserve wants more time to study the impact of tariffs before cutting rates. That’s according to Jerome Powell, the central bank’s chair, testifying Tuesday (June 24) that the Fed needs to see if tariffs push inflation higher before deciding on the interest rate...
The Federal Reserve plans to cut its workforce by about 10% “over the next couple of years” amid a periodic review of its staffing levels, Federal Reserve Chair Jerome Powell told Fed staff in a memo obtained by PYMNTS. In the memo, Powell said offers of voluntary...
A picture is worth a thousand words. In the world of central bankers, it can even move global financial markets. Central bankers like Fed Chairman Jerome Powell and European Central Bank (ECB) President Christine Lagarde parse their comments about monetary policy carefully because the capital...
June 24, 2025
Federal Reserve Chair Jerome Powell told Congress on Tuesday (June 24) that higher tariffs will likely lead to higher prices down the line – though when, and how much of, those costs might be passed along to consumers is uncertain. The central banker’s testimony before the House Financial Services Committee was sparked by the Fed’s […]
July 21, 2025
America’s treasury secretary says the entire Federal Reserve needs to be examined. Interviewed by CNBC Monday (July 21), Scott Bessent declined to comment on reports that he had advised President Donald Trump not to fire Federal Reserve Chairman Jerome Powell, saying it would be the president’s decision. However, he added that the central bank needed […]
June 24, 2025
The Federal Reserve wants more time to study the impact of tariffs before cutting rates. That’s according to Jerome Powell, the central bank’s chair, testifying Tuesday (June 24) that the...
May 16, 2025
The Federal Reserve plans to cut its workforce by about 10% “over the next couple of years” amid a periodic review of its staffing levels, Federal Reserve Chair Jerome Powell told Fed...
July 02, 2024
The Federal Reserve is investigating possible effects generative artificial intelligence (AI) may have on productivity, inflation and the labor market, Fed Chair Jerome Powell said Tuesday (July 2). Speaking during...