The Latest Breaking News from Jerome Powell

US housing market faces challenges with slow sales due to high prices and mortgage rates. Federal Reserve Chair Jerome Powell expressed concern over the we...

Learn about the Federal Reserve's decision to hold interest rates in December and the rationale behind it.

ECB cuts rates to boost eurozone growth, while Fed remains cautious amid strong US economy.

The Dow Jones rose Wednesday ahead of the Federal Reserve rate decision and Fed Chair Jerome Powell's comments. Nvidia stock rebounded.

In the last couple of months, the Fed's favored inflation has ticked higher, moving away from the bank's long-term target of two percent, and raising concern that the battle against inflation is not over.

The Federal Reserve is adjusting interest rates cautiously due to economic growth and inflation concerns.

The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead.

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards

Wall Street has been bracing for a hawkish Federal Reserve meeting outcome, but maybe not hawkish enough.