Fed’s Beige Book says economy is stable. Firms more optimistic about 2025, but tariffs a worry.
The U.S. expanded steadily in November, but hiring was subdued and inflation was still a nagging problem in some parts of the ...
Stocks remain higher as Fed's Powell cites 'very good' U.S. economy
The S&P 500 and Nasdaq Composite remained on track to reach fresh record closes on Wednesday as Federal Reserve Chair Jerome ...
Powell says lower income workers are under more stress
Fed Chair Jerome Powell said that there are more pressures on lower income workers than there were two years ago. Retailers ...
Jerome Powell Q&A: Markets await Fed chairman’s DealBook summit panel
Follow along with MarketWatch's live coverage of Fed Chairman Jerome Powell's discussion at the New York Times DealBook ...
Powell says he doesn't think idea of a 'shadow Fed chair' is going to happen
Fed Chair Jerome Powell said he wasn't worried about the notion that President-elect Donald Trump might select someone as a so-called "shadow Fed chair" well before Powell's term ends in mid-2026. "I ...
Bitcoin not a competitor for the dollar, but for gold: Powell
Federal Reserve Chair Jerome Powell said Wednesday that he doesn’t think bitcoin is a competitor to the U.S. dollar, but rather is a competitor to gold. “People use bitcoin as a speculative asset,” ...
Traders stick with December rate-cut view after Powell speaks
Fed-funds futures traders continued to cling to the likelihood of a quarter-point rate cut at the Federal Reserve's next meeting in two weeks, even after Fed Chair Jerome Powell said officials can be ...
Fed can afford to be cautious about moving rates lower: Powell
Federal Reserve Chair Jerome Powell elaborated on his thinking about the likely path of interest rates on Wednesday, saying that the U.S. is "not quite there on inflation'' yet. While officials are ...
Powell says he's not concerned Fed might lose its independence
Federal Reserve Chair Jerome Powell said he's not concerned that the central bank would lose its independence. Powell said he thought there was strong support in Congress for the idea of an ...
Mexico to Raise Minimum Wage by 12% in 2025
MEXICO CITY--Mexico's minimum wage will be raised by 12% in 2025, according to an agreement reached among business, government and labor groups.
Powell says Fed has the luxury of being 'cautious' on rate cuts
The economy is stronger than the Fed expected in September and inflation is coming in a little higher, Fed Chair Jerome Powell said Wednesday. The "good news" about the outlook is that "we can afford ...
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Powell says he is watching relationship between crypto and banking system
Fed Chair Jerome Powell said that the most important aspect of crypto policy is how it is used by the banking system. He said that there is a question of how crypto assets are allowed to play in the ...