Topic: Jerome Powell

The personal consumption expenditures index, the Federal Reserve's preferred inflation gauge rose in line with analysts' expectations, according to Commerce Department data released Friday.

Federal Reserve Chairman Jerome Powell on Friday indicated interest rate cuts are on the way as economic impacts of the COVID-19 pandemic begin to fade.

The Dow Jones Industrial Average plunged by nearly 800 points during a Friday sell-off sparked by the Labor Department's employment report earlier in the day, with the other indexes following suit.

The Federal reserve Wednesday decided to leave interest rates unchanged as Fed Chair Jerome Powell said inflation has eased substantially.

The Federal Reserve won't wait until inflation hits 2% annually to cut interest rates, Chairman Jerome Powell said Monday at the Economic Club in Washington, D.C.

The consumer price index, a key indicator looked at by the Federal Reserve, declined a seasonally adjusted 0.1% in June from last month and 3.0% for the past 12 months, according to the latest figures.

Federal Reserve Chair Jerome Powell told a Senate committee on Tuesday that, while the inflation remains higher than its benchmark, the Fed realizes holding rates at their current levels too long could harm the economy.

Federal Reserve officials say they will not lower interest rates for now but indicated how inflation is headed in the right direction but not fast enough to lower rates.

The producer price index, which gauges what businesses receive for wholesale goods and services in the open market, fell a seasonally adjusted 0.2%, slowing the rate of inflating over the past year, the Labor Department

The Fed on Wednesday held key interest rates steady and said one interest rate cut is possible before year's end.