News

Dow closes up 840 points after Fed Chair Powell signals possible interest rate cut

Minutes after the speech, investors pegged the chances of a quarter-point interest rate cut at 91%, up from a 75% chance ...

Fed's Powell signals likely September interest rate cut, citing 'downside risks' to jobs

Federal Reserve Chair Jerome Powell signaled a likely interest rate cut in September, noting "downside risks" to employment.

Powell says Fed may need to cut rates, will proceed carefully

By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming (Reuters) -Federal Reserve Chair Jerome Powell on Friday pointed to ...

Fed Chair Powell faces fresh challenges to Fed independence amid potential rate cuts

Now that Federal Reserve Chair Jerome Powell has signaled that the central bank could soon cut its key interest rate, he ...

‘On another level’: crypto industry hosts rival gathering in Jackson Hole

Eric Trump, the Securities and Exchange Commission’s new, crypto-friendly chair Paul Atkins and two Fed governors on Donald Trump’s shortlist to replace Powell are all set to attend the Wyoming ...

US Fed Chair Powell, citing jobs risk, opens door to rate cuts but doesn't commit

United States Federal Reserve Chair Jerome Powell on Friday (Aug 22) pointed to a possible rate cut at the central bank's ...

Central Bankers Flock to Jackson Hole at Pivotal Moment

Chair Jerome Powell in remarks on Friday is expected to unveil the Fed’s new policy framework — the strategy it’ll use to ...