Jerome Powell

Stock market attempts a bounceback
Seth Wenig/AP
December 26, 2018 - 10:20 am
By Sherisse Pham, CNN Business (CNN) -- The stock market is trying to rebound from a disastrous Christmas Eve. The Dow opened 150 points higher Wednesday. The S&P 500 rose 0.9% and Nasdaq was up about 1.3%. But all three quickly lost steam. Thin trading and a lack of news often send stocks...
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Federal Reserve Chairman Jerome Powell speak at a news conference in Washington, Wednesday, Dec. 19, 2018.
Susan Walsh/AP Photo
December 24, 2018 - 1:40 pm
By Josh Boak, AP Economics Writer President Donald Trump lashed out at the Federal Reserve on Monday after administration officials spent the weekend trying to assure the public and financial markets that Jerome Powell's job as Fed chairman was safe. "The only problem our economy has is the Fed,"...
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The federal funds rate, which helps determine rates for mortgages, credit cards and other borrowing, stands at a range of 1.5% to 1.75%. The Fed is expected to bump it up by a quarter of a percentage point.
Getty Images/Shutterstock/CNNMoney
June 11, 2018 - 5:20 pm
By Donna Borak (CNN Money) -- The Federal Reserve is poised to raise interest rates for the second time this year. The economy has started to roar: The unemployment rate is 3.8%, tied for the lowest since 1969. Wages are rising faster. And inflation has finally risen to the level the Fed considers...
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