Jerome Powell

Annie Rice/ AP Photo
January 04, 2019 - 8:12 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, and that he is prepared to be patient in deciding when to raise interest rates again. Both of those messages cheered stock market investors who had been worried...
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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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(Xinhua/Liu Jie) (Photo by Xinhua/Sipa USA)
December 22, 2018 - 6:47 pm
By Kevin Liptak (CNN) -- President Donald Trump has begun polling advisers about whether he has the legal authority to fire Federal Reserve Chairman Jerome Powell, according to two people familiar with the matter, who described the President as newly furious at the Fed chief as markets tumble...
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Susan Walsh/AP Photo
December 19, 2018 - 8:53 pm
WASHINGTON (AP) — The Federal Reserve raised its key interest rate Wednesday for the fourth time this year to reflect the U.S. economy's continued strength but signaled that it expects to slow its rate hikes next year. Despite the forecast for fewer hikes, investors sent stocks plunging once...
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(Photo by Xinhua/Sipa USA)
August 24, 2018 - 4:39 pm
By Martin Crutsinger WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell signaled Friday that he expects the Fed to continue gradually raising interest rates if the U.S. economic expansion remains strong. Powell added that while annual inflation has risen to near the Fed's 2 percent target...
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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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