Monetary policy – Page 2 – One America News Network

Chair of the Federal Reserve of the United States Jerome Powell speaks during a Senate Banking, Housing, and Urban Affairs Committee hearing on the Semiannual Monetary Policy Report to Congress at the U.S. Capitol on July 9, 2024 in Washington, DC. Powell in earlier remarks was quoted, "we want to be more confident that inflation is moving sustainably down toward 2% before we start the process of reducing or loosening policy." (Photo by Bonnie Cash/Getty Images)

Trump Says He Won’t Try To Remove Fed Chair Jerome Powell Despite Past Disagreements

President-elect Donald Trump stated that he will not remove Federal Reserve Chair Jerome Powell.

A man arranges produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

Higher food prices lift US consumer prices; Hurricane Helene boosts jobless claims

Consumer prices rose slightly more than expected in September amid higher food costs, but the annual increase in inflation was the smallest in more than 3-1/2 years.

Wall St rises on AI euphoria after Micron’s upbeat forecast

Wall Street’s main indexes rose, with the S&P 500 hitting a record high, as Micron’s upbeat forecast revived the frenzy around AI.

Federal Reserve Board Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner/File Photo

Fed to cut rates by 25bps in Nov and Dec, approach neutral level sooner

The U.S. Federal Reserve will cut the federal funds rate by 25 basis points in both November and December.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 30, 2024. REUTERS/Brendan McDermid/File Photo

Wall St kicks off September on downbeat note at start of data-packed week

Wall Street’s main indexes fell over 1% as investors assessed latest factory activity data.

Federal Reserve Chair Jerome Powell heads into the opening dinner at the Kansas City Fed’s annual economic symposium in Jackson Hole, Wyoming on August 22, 2024. REUTERS/Ann Saphir/File Photo

Fed’s Powell says ‘time has come’ to lower interest rates

Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.