We’re now just an hour away from the Fed’s November decision. At the post-meeting press conference to follow, don’t expect Fed Chair Jerome Powell to say much about President Donald Trump winning his reelection bid — if anything at all. Commenting on politics and the world of fiscal ...
The main event, however, will be the policy-setting Federal Open Market Committee's statement at the conclusion of this meeting, as well as Fed Chair Jerome Powell's 2:30 p.m. ET press conference. Traders will read into Powell's comments to get a sense of where policymakers stand on th...
That’s very different from what the Fed would do “when there’s a recession or a very severe downturn,” Powell said at the central bank’s July 2019 post-meeting press conference. There are two primary reasons the Fed lowers its benchmark lending rate. One of those comes “when so...
"Overall, the development of the labor market has been very positive. It's been a good time for workers to find jobs and get solid wage increases." Federal Reserve Chair Jerome Powell said during a press conference on Wednesday. "You see job growth still strong but moving back down to mo...
In the first question of his post-meeting press conference Wednesday, Powell said it was difficult for the Fed to break out how much of the central bank’s jacked-up inflation forecast and vastly reduced economic growth predictions was because of tariffs, although he acknowledged that “a good...
However, Powell poured cold water on that enthusiasm in a press conference after the Fed’s last policy meeting, when he said a March rate cut was likely off the table. Since then, markets have been reacting aggressively to inflation reports and other economic data, believing that each fresh...
29 post-meeting press conference. Williams indicated that at this point, despite his own view that the economy was balanced and on a good path, "the economic outlook remains highly uncertain, especially around potential fiscal, trade, immigration, and regulatory policies."...
At Wednesday's press conference, Fed Chair Jerome Powell said that recent economic data, such as a slowdown in hiring combined with a decline in the inflation rate, convinced Fed officials that a larger cut was needed. "We took all of [the data] and concluded this was the right thing ...
Federal Reserve Chair Jerome Powell speaks at a press conference after the meeting of the Federal Open Market Committee in Washington, DC, on Dec. 18, 2024. "With today's action, we have lowered our policy rate by a full percentage point from its peak, and our policy stance is now signi...
The federal funds rate will remain at a range of 4.25 to 4.5 percent. But for how long? Fed Chair Jerome Powell speaks at the March 19 FOMC press conference. Screenshot of the March 19, 2025, Federal Reserve livestream by Jordana Rothberg In keeping with its first decision of the year,...