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Bloomberg L.P. · 23h

Fed Opts for Outsize Cut as Powell Seeks to Ensure Soft Landing

Federal Reserve Chair Jerome Powell led his colleagues to an outsize interest-rate cut designed to preserve the strength of the US economy as risks to the labor market mount, marking an end to their single-minded focus on quashing inflation.

Hosted on MSN · 2h

Fed's Powell says immigration surge boosted unemployment rate

Fed Chair Jerome Powell said at a press conference that the influx of migrants into the U.S. has contributed to the rise in the unemployment rate as they enter the labor market.

CBS News on MSN · 4h

The Fed just made a jumbo rate cut. Here are 5 takeaways on what it means for mortgages and more.

The Federal Reserve made a 0.50 percentage point cut, double the typical reduction. Here's what's behind the decision.

Biden Says He Never Spoke to Fed Chair Powell

Why Fed Chair Powell Is More Important Than Whomever Will Become the Next President

It was the half-basis-point cut heard round the world. On Wednesday, the Federal Reserve cut interest rates for the first time in four years, and policymakers went further than central bank watchers had expected, lowering its target range for the federal funds rate to 4.75 from 5 percent.

USA Today · 2h

Biden celebrates lower interest rates, says he never spoke with Fed chairman

President Joe Biden called the Federal Reserve's decision to lower interest rats "good news" and says he never spoke to the Fed chairman as president.

Biden says 'I've never once spoken to the chairman of the fed'

President Biden claims he has never spoken to Federal Reserve Chairman Jerome Powell as president, despite May 2022 meeting.

5hon MSN

The Fed has set out on a ‘recalibration' of policy. Here's what Powell's new buzzword means

Asset prices soared as investors took Powell at his word that the outsized rate cut wasn’t in response to a substantial ...

2h

The Fed just convinced markets it's not behind the curve

The Fed eased any prevailing investor concerns that it's aggressively cutting interest rates because it believes an economic ...

1d

Fed chair Jerome Powell blames influx of illegal migrants for rising unemployment rate

If you’re having millions of people come into the labor force, then — and you’re creating 100,000 jobs — you’re going to see ...

21h

Transcript: Fed Chief Jerome Powell’s Postmeeting Press Conference

Federal Reserve Chair Jerome Powell discussed the central bank’s decision to cut interest rates by a half percentage point, ...

1don MSN

Stocks Rise After Big Fed Cut With Powell in Focus: Markets Wrap

Stocks rose after the Federal Reserve’s decision to cut rates by a half-point, with traders now shifting gears to Jerome ...

1d

Fed's Powell: Central bank forecasts don't point to urgent action

Federal Reserve Chairman Jerome Powell said Wednesday that central bank forecasts for the path of interest rate cuts don't ...

2don MSN

The Fed and chair Powell are 24 hours away from making market-moving news. Here’s what to expect

Tomorrow afternoon Federal Reserve chair Jerome Powell will hold a press conference following the central bank's Federal Open ...

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