Jerome Hayden "Jay" Powell is the 16th and current Chair of the Federal Reserve, serving in that office since February 2018. He was nominated to the Fed Chair position by President Donald Trump, and confirmed by the United States Senate. Read More
The US economy remained strong despite the slowdown and showed an annual growth rate of 2.1 per cent in the third quarter of 2019, according to the latest government figures. ...
The US Federal Reserve has decided to leave interest rates unchanged at between 1.5-1.75 per cent after undertaking consecutive rate reductions at each of its three earlier meetings this year, emphasizing what it called the good health of the America ...
The United States' headline unemployment rate fell by one-tenth of a percentage point in November to 3.5 per cent, matching the lowest level in a half century, while the number of new jobs added last month - 266,000 - far exceeded economists' expecta ...
US Federal Reserve officials agreed during their two-day meeting in October that future rate cuts are unlikely as long as the economy stays on track, according to the minutes of the Fed's latest monetary policy meeting. ...
US stocks ended mixed on Wednesday. The Dow increased 0.33 per cent to 27,783.59, and the S&P 500 rose 0.07 per cent to 3,094.04, while the Nasdaq decreased 0.05 per cent to 8,482.10. ...
US President Donald Trump on Thursday came down heavily on the US Federal Reserve, calling for more interest rate cuts to stimulate the country's economy. ...
James Bullard, president of the Federal Reserve Bank of St. Louis, continued to demand a larger cut in interest rates, after voting against the US Fed's decision to lower rates by 25 basis points earlier this week. ...
