1 day ago · The Federal Reserve held interest rates steady. The U.S. central bank dropped language that inflation "has made progress" towards the 2% inflation goal.

Jerome Hayden "Jay" Powell (born February 4, 1953) is an American investment banker and lawyer serving since 2018 as the 16th chair of the Federal Reserve. Powell is expected to remain in his position during the second Presidency of Donald Trump at least through 2026.

1 day ago · After three cuts at the end of last year, Federal Reserve officials paused rate moves as they weigh a solid economy and rising inflation risks. Jerome H. Powell, the Fed chair, said the central ...

1 day ago · Powell, who has been at the helm of the Fed since 2018, has been standing firm that as members of an independent government agency, Fed officials have no obligation to oblige the president or any ...

1 day ago · Federal Reserve Chair Jerome Powell is holding a press conference Wednesday afternoon, the first since President Trump began his second term. Powell, who is expected to serve out the rest of his ...

1 day ago · Fed Chair Powell said Wednesday that the central bank was not rushing to change its current course on its monetary policy framework. "With our policy stance significantly less restrictive than it ...

1 day ago · Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a full percentage point in the final months of 2024. When asked ...

1 day ago · Fed Chair Powell Says He Has Not Communicated With President Donald Trump 10 hr 22 min ago This is the first FOMC meeting under Donald Trump's second administration.

Nov 14, 2024 · Economic output grew by more than 3 percent last year and is expanding at a stout 2.5 percent rate so far this year. Growth in consumer spending has remained strong, supported by increases in disposable income and solid household balance sheets. Business investment in equipment and intangibles has accelerated over the past year.

Jerome H. Powell first took office as Chair of the Board of Governors of the Federal Reserve System on February 5, 2018, for a four-year term. He was reappointed to the office and sworn in for a second four-year term on May 23, 2022.