Tagged: Jerome Powell

Powell Says US Economy Facing Heightened Uncertainty

Powell Says US Economy Facing Heightened Uncertainty

Banking & Finance

Federal Reserve Chairman Jerome Powell says the outlook for the U.S. economy is “extraordinarily uncertain” and the success of the recovery effort will depend in large part on the country’s ability to contain the spread of the coronavirus. read more >

A Divided Fed Cuts Key Rate for 2nd Time This Year

A Divided Fed Cuts Key Rate for 2nd Time This Year

Banking & Finance

A sharply divided Federal Reserve cut its benchmark interest rate Wednesday for a second time this year while saying it's prepared to continue doing what it deems necessary to sustain the U.S. economic expansion. read more >

Fed's Powell Predicts Solid But Slower Growth in 2019

Fed's Powell Predicts Solid But Slower Growth in 2019

Banking & Finance

Federal Reserve Chairman Jerome Powell says the U.S. economy should keep expanding at a solid, though somewhat slower pace this year. But he warns of growing risks, including a global slowdown, volatile financial markets and uncertainty about U.S. trade policy. read more >

US Economy Grew at Robust 4.2 Rercent Rate in 2Q

US Economy Grew at Robust 4.2 Rercent Rate in 2Q

Banking & Finance

The U.S. economy grew at a robust annual rate of 4.2 percent in the second quarter, the best performance in nearly four years, though economists believe growth has slowed in the current quarter partly because of a drag from trade. read more >