Jerome Powell

U.S. dollar banknotes and a label with the word "Recession" are seen in this illustration taken March 19, 2025.Dado Ruvic | ReutersChances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey…

Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are rising to that outlook.Speaking two days after he and his colleagues again voted to keep short-term rates…

The "good ship Transitory," despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more…

U.S. Federal Reserve Chair Jerome Powell testifies before a Senate Banking, Housing and Urban Affairs Committee hearing on "The Semiannual Monetary Policy Report to the Congress," at Capitol Hill in Washington, U.S., Feb. 11, 2025. Craig…

A person browses a grocery store following the announcement of tariffs on Canadian and Mexican goods by U.S. President Donald Trump, in Toronto, Ontario, Canada, on March 4, 2025.Arlyn Mcadorey | ReutersWith concerns running high that…

U.S. President Donald Trump attends the White House Crypto Summit at the White House in Washington, D.C., U.S., March 7, 2025. Evelyn Hockstein | ReutersGlobal market volatility and geopolitical turbulence in the wake of President Donald…

U.S. President Donald Trump speaks to reporters as White House Press Secretary Karoline Leavitt stands by him aboard Air Force One on his return to Washington, D.C., U.S., March 9, 2025. Kevin Lamarque | ReutersPresident Donald Trump has…

Inflation eased slightly in January as worries accelerated over President Donald Trump's tariff plans, according to a Commerce Department report Friday.The personal consumption expenditures price index, the Federal Reserve's preferred…

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.The consumer price index, a broad measure of costs in goods and services across the U.S.…

A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing.The producer price index, which measures what producers get for their goods and…