Photo of Jerome Powell

Powell Says Fed Will Aid Economy, but Trump Escalates Attack

WASHINGTON — Federal Reserve Chairman Jerome Powell signaled Friday that the Fed stands ready to cut interest rates further if the economy needs it but wasn't clear about when or by how much. Powell had barely finished speaking to central bankers in Jackson...
Photo of Senate Majority Leader Mitch McConnell

GOP Senators Line up Against Trump’s 5% Mexico Tariff Plan

WASHINGTON — In a rare confrontation, Republican senators are declaring deep opposition to President Donald Trump's threatened tariffs on all goods coming into the U.S. from Mexico. But it's unclear they have the votes to stop him, and Trump said they'd be "fo...
Photo of Jerome Powell

Powell Says He Would Reject Any Trump Request to Resign

WASHINGTON — Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, a message that heartened investors who had been concerned by Trump's repeated attacks on his hand-picked choice to lead the nat...
Portrait of Federal Reserve Chairman Jerome Powell

Fed Raises Interest Rates. What Will It Do in 2019?

WASHINGTON — The Federal Reserve has raised its key interest rate for the fourth time this year to reflect the U.S. economy's continued strength but signaling that it expects to slow hikes next year. The qua...
Photo of Jerome Powell

Powell: US Economy Healthy and Rate Hikes Aren’t Automatic

WASHINGTON — Federal Reserve Chairman Jerome Powell cast a bright picture of the U.S. economy Wednesday and appeared to suggest that the Fed might consider a pause in its interest rate hikes next year to assess the impact of its credit tightening. Powell's ...