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Jerome Powell

Wall Street holds steadier following a whipsaw couple of days
Sep 12, 2025

Wall Street coasts toward the finish of its best week in the last 5

NEW YORK (AP) — Wall Street is coasting toward the finish of its best week in the last five on Friday as U.S. stocks hang near their record levels. The S&P 500 was mostly unchanged from the all-time high it set the day before. The Dow Jones Industrial Average was down 204 points, or 0.4%, as […]

Average rate on a 30-year mortgage falls to lowest level in nearly a year
Sep 11, 2025

Average rate on a 30-year mortgage falls to lowest level in nearly a year

The average rate on a 30-year U.S. mortgage fell this week to its lowest level in nearly a year, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The long-term rate eased to 6.35% from 6.5% last week, mortgage buyer Freddie Mac said Thursday. A year ago, […]

US inflation worsened last month as the cost of gas, food and airfares jumped
Sep 11, 2025

US inflation worsened last month as the cost of gas, food and airfares jumped

WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries, hotel rooms and airfares rose, along with the cost of clothes and used cars. Consumer prices increased 2.9% in August from a year earlier, the Labor Department said Tuesday, up from 2.7% the previous month and the biggest increase since January. Excluding […]

Powell signals possible Fed rate cut, faces Trump pressure
Aug 25, 2025

Powell signals possible Fed rate cut, faces Trump pressure

Powell signals Fed could cut rates by September, balancing inflation and growth risks amid Trump pressure.

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Aug 22, 2025

Powell signals Fed may cut rates soon even as inflation risks remain

Fed Chair Jerome Powell said a rate cut may come in the months ahead but gave no timing, citing risks from both inflation and unemployment.

Wall Street rallies and the Dow soars 700 points on hopes for lower interest rates
Aug 22, 2025

Wall Street rallies and the Dow soars 700 points on hopes for lower interest rates

NEW YORK (AP) — Wall Street is rallying on Friday after the head of the Federal Reserve indicated the cuts to interest rates that investors and President Donald Trump have been craving so much may be coming soon, though he gave no clear clue about when. The S&P 500 jumped 1.4% and erased all of its […]

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House
Aug 21, 2025

Powell to give his last Jackson Hole speech under watchful gaze of Wall Street and the White House

WASHINGTON (AP) — Just three weeks ago, Federal Reserve Chair Jerome Powell spoke to reporters after the central bank had kept its key interest rate unchanged for a fifth straight meeting and said the job market was “solid.” His assessment was important because if the job market is healthy, there is less need for the Fed to […]

Traders Jonathan Mueller, left, and Michael Capolino work on the floor of the New York Stock Exchange, Friday, Aug. 15, 2025. (AP Photo/Richard Drew)
Aug 18, 2025

Wall Street holds near its record heights

Stocks hovered near record highs Monday as investors awaited Fed Chair Jerome Powell’s speech and key earnings from Walmart, Target and Home Depot.

President Donald Trump speaks as Federal Reserve Chairman Jerome Powell listens during a visit to the Federal Reserve, Thursday, July 24, 2025, in Washington. (AP Photo/Julia Demaree Nikhinson)
Aug 1, 2025

Trump calls on the Federal Reserve board to take full control of the central bank from Powell

Trump calls Fed Chair Powell “stubborn” and urges the Fed board to take control and slash interest rates amid a slowing U.S. economy and rising inflation.

Federal Reserve Board of Governors member Adriana Kugler sits before an open meeting of the Board of Governors at the Federal Reserve, Wednesday, June 25, 2025, in Washington. (AP Photo/Mark Schiefelbein)
Aug 1, 2025

Federal Reserve Governor Kugler steps down, giving Trump slot to fill

Federal Reserve governor Adriana Kugler will step down, opening up a spot on the central bank's powerful board that President Donald Trump will be able to fill.

Will the tariffs lead to a recession? Here’s how to know if we’re in one
Jul 30, 2025

Federal Reserve leaves interest rates unchanged even as Trump demands cuts

  WASHINGTON (AP) — The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed’s decision Wednesday leaves its key short-term rate at about 4.3%, where it has stood after the central bank made three cuts last year. During […]

US stocks coast toward the finish of a record-setting week
Jul 25, 2025

US stocks coast toward the finish of a record-setting week

NEW YORK (AP) — U.S. stocks are ticking toward more records on Friday and coasting toward the close of another winning week. The S&P 500 was 0.4% higher in afternoon trading, coming off its latest all-time high, and is on track to finish its fourth winning week in the last five. The Dow Jones Industrial Average was […]

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