Fed Holds Rates Steady, Signals Extended Pause as Economy Stays Resilient
The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.50%–3.75% following a two-day policy meeting, with Chair Jerome Powell pointing to continued economic strength and easing risks to both inflation and employment....
DOJ Probe Into Fed Renovation Escalates Trump–Powell Clash, Spooking Markets
A U.S. Justice Department investigation into a Federal Reserve building renovation project has intensified a long-running dispute between President Donald Trump and Fed Chair Jerome Powell, raising fresh concerns over the independence of the...
US economy could easily shrink, says Federal Reserve Chairman
Jerome Powell, the chairman of the Federal Reserve, says the US economy can shrink by around 20% due to the present Covid-19 outbreak. He has also predicted that the showdown might last for several...