Fed Chair Powell Keeps Door Open
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Fed Chair Jerome Powell told economists that the sluggish labor market and tariff-induced inflation are persisting as government shutdown delays official employment reports.
Federal Reserve Chair Jerome Powell’s remarks will be his first since the central bank cut interest rates in September.
Jerome H. Powell, chair of the Federal Reserve, still sees labor market risks outweighing those posed by higher inflation tied to President Trump’s tariffs.
Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely known as quantitative tightening, or QT, may be coming into view.
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Fed to the rescue: Powell sparks stock recovery by getting investors excited about rate cuts again
Powell rescued markets from another tough sell-off on Tuesday, sparking a big turnaround as investors took his job market comment as a dovish signal.
(Reuters) -Federal Reserve Chair Jerome Powell said on Tuesday the end of the central bank’s long-running effort to shrink the size of its holdings, widely known as quantitative tightening, or QT, may be coming into view.