October 30, 2019 10:52 am
Federal Reserve chairman Jerome Powell will likely use his press conference to communicate that message of a pause while emphasizing flexibility if the economic outlook shifts significantly.
August 01, 2019 7:28 am
The Dow Jones Industrial Average tumbled to finish down 333 points, or 1.2%. The yield on the 10-year Treasury note fell to 2.01% from 2.06% late Tuesday, a sharp drop.
June 26, 2019 7:20 am
Donald Trump said on Twitter Monday that the Federal Reserve "doesn’t know what it is doing," adding that it "raised rates far to fast" and "blew it" given low inflation and slowing global growth.
June 19, 2019 8:33 pm
In light of the recent escalation of the US-China trade war and tepid economic data, this month’s FOMC meeting is being more closely watched than usual.
June 19, 2019 6:53 am
In February, the White House counsel’s office examined the legality of stripping Powell of his chairmanship and leaving him as a Fed governor, less than two months after Trump discussed firing him, the people said.