Tag: Jerome Powell

• Saturday, October 5th 2019 - 09:37 UTC

  US unemployment at a record 50-year low in September, but manufacturing fell sharply

  

  The U.S. unemployment rate dropped to near a 50-year low of 3.5per cent in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession for now despite trade tensions that are hammering manufacturing.

• Tuesday, August 6th 2019 - 09:06 UTC

  Fed expected to further lower interest rate as trade tensions with China increase

  

  Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of “simmering” trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.

• Thursday, June 20th 2019 - 09:00 UTC

  Divided Fed says no rates changes until 2020; criticism from Trump expected

  

  A divided Federal Reserve held the line on interest rates Wednesday and indicated formally that no cuts are coming in 2019. The decision came amid divisions over what is ahead and still leaves open the possibility that policy loosening could happen before the end of the year depending on how conditions unfold.

• Wednesday, June 5th 2019 - 09:41 UTC

  Federal Reserve prepared to cut rates if trade conflicts threaten US economy

  

  Chairman Jerome Powell said on Tuesday that the Federal Reserve is prepared to respond if it decides the Trump administration's trade conflicts are threatening the U.S. economy. Investors read his remarks as a signal that the Fed will likely cut interest rates later this year.

• Tuesday, May 21st 2019 - 09:26 UTC

  Corporate debts pose a “moderate” risk to US economy, says the Fed

  

  The United States private sector's mounting debts pose a “moderate” risk to the world's largest economy, Federal Reserve Chairman Jerome Powell said on Monday.

• Friday, May 3rd 2019 - 08:40 UTC

  Fed leaves interest rates unchanged despite strong pressure from Trump for a cut

  

  The US Federal Reserve has kept interest rates on hold despite pressure from President Donald Trump to announce a cut. The central bank said borrowing costs will remain at between 2.25%-2.5%.

• Thursday, March 21st 2019 - 09:40 UTC

  Fed confirms it does not expect to raise interest rates in 2019

  

  The US Federal Reserve does not expect to raise interest rates for the rest of 2019 amid slower economic growth. After a two-day meeting, monetary policymakers voted unanimously to keep the US interest rate range between 2.25%-2.5%.

• Thursday, January 31st 2019 - 09:15 UTC

  Federal Reserve adopts “wait and see” policy. Economy facing contradictory picture of crosscurrents, says Powell

  

  The Federal Reserve on Wednesday signaled its three-year-drive to tighten monetary policy may be at an end amid a suddenly cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations.

• Saturday, January 5th 2019 - 08:40 UTC

  Fed brings relief to markets saying it would be “patient” about rate hikes

  

  Federal Reserve Chair Jerome “Jay” Powell took steps to reassure financial markets on Friday, saying that the US central bank would be “patient” about rate rises. He also defended his independence, saying he would not resign if requested by US President Donald Trump.

• Thursday, December 20th 2018 - 08:59 UTC

  Fed raises interest rate but lowers 2019 forecast to two hikes in 2019

  

  The United States Federal Reserve raised its key interest rate on Wednesday for a fourth time this year but lowered its forecast to two hikes in 2019 amid the recent stock market sell-off and uncertain growth prospects.