The Latest Breaking News from Jerome Powell

Learn about the Federal Reserve's role in shaping the US economy through interest rates and data-driven decision-making.

Traders initially cheered when the Fed said it would cut rates by 50 points, as the market expected, but stocks closed in the red.

The Federal Reserve considers a rate cut to address inflation concerns and support economic growth.

The Fed has announced an interest-rate cut for the first time in four years – what effect will it have on consumers?

Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets.

“I think underlying economic conditions will be much more important to financial markets than the Fed's tactics at a particular moment,” Citi Wealth's CIO said.

As the Fed gears up for its long-awaited September rate cut, here are 5 AI stocks that could benefit from more accommodative policy.

"The equity markets have remained resilient, particularly favoring value and dividend-paying stocks this quarter. This inclination may gain momentum as the Fed begins to implement rate cuts."

The election can indirectly impact interest rates, but the Federal Reserve remains in the driver's seat when it comes to borrowing costs.

"Overall inflation data has been good enough to allow the Fed to start cutting rates this week amid a softening labor market, but do not give officials a reason to cut aggressively."