Fed Governor Adriana Kugler announced Friday she is stepping down from her position earlier than expected,…
Tag: Federal Reserve
Federal Reserve economists aren’t sold that AI will actually make workers more productive, saying it could be a one-off invention like the light bulb
A new Federal Reserve Board staff paper concludes that generative artificial intelligence (gen AI) holds significant…
Everyone’s watching Jerome Powell as warnings flash for the U.S. economy
A surprisingly weak July employment report has intensified expectations that the Federal Reserve will resume cutting…
Shockingly bad jobs report reveals a months-long stall and may trigger Fed rate cuts soon. ‘Powell is going to regret holding rates steady’
The U.S. labor market looks much weaker than previously thought, and Wall Street now expects the…
Trump rips into ‘stubborn’ Jerome Powell, calls for Fed’s board to launch a coup and seize power
President Donald Trump on Friday called for the Federal Reserve’s board of governors to usurp the…
Jamie Dimon doubles down on Powell despite Trump criticism, saying an independent Fed means lower rates
JPMorgan Chase CEO Jamie Dimon has doubled down on his support for Fed chairman Jerome Powell—despite…
Powell warns of ‘long way to go’ before Fed can maybe cut interest rates
Federal Reserve Chair Jerome Powell gave little indication on Wednesday of bowing anytime soon to President…
Jerome Powell’s Federal Reserve holds rates steady despite immense pressure from Trump to cut, cut, cut
The Federal Reserve maintained rates on Wednesday, holding up against the pressure of President Donald Trump…