Watch live: Jerome Powell announces decision on rate cuts
Federal Reserve Chairman Jerome Powell is announcing the board’s decision on whether it will cut interest rates. The announcement is slated to begin at 2:30 p.m. TRUMP SAYS HE KNOWS ‘WHO HE’S GOING TO PICK’ FOR FED CHAIRMAN After months of pressure from President Donald Trump,
Powell says rate cuts won't make 'much of a difference' for struggling housing sector
Federal Reserve Chairman Jerome Powell warned that housing market struggles will persist despite rate cuts, citing low inventory and affordability challenges for buyers.
Fed cuts interest rates for 3rd time this year in effort to boost hiring
The Federal Reserve cut its benchmark interest rate a quarter of a percentage point on Wednesday, opting for its third interest rate cut this year in an effort to revive a sluggish labor market. The reduction of interest rates could deliver some relief for mortgage and credit card borrowers.
A divided Fed cuts interest rates again, as concerns about the job market outweigh fears of tariff-fueled inflation
The cut of a quarter-point will likely make it cheaper for average Americans to secure mortgages, pay credit card debt or finance cars.
Powell Signals Possible Pause In Interest Rate Cuts For Now
The FOMC elects to cut interest rates in December to 3.5% -3.75%, but Powell siignals that policy may now by neutral, making a January cut less probable.
Powell signals FOMC may pause on rate cuts: press conference
"The balance of risks has shifted" toward the labor market since the Federal Open Market Committee last met in October, Federal Reserve Chair Jerome Powell said in his post-FOMC decision on Wednesday.
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