The Latest Breaking News from Jerome Powell

Federal Reserve Chair Jerome Powell discusses the possibility of rate cuts in an interview with CBS' '60 Minutes', emphasizing the need for prudence in mak...

Meta Platforms (META) and Amazon.com (AMZN) spurred Friday's big stock market rally, with the S&P 500 racing to a record high. But give a lot of the credit to Fed Chief Jerome Powell. The Federal Reserve chairman slammed stocks Wednesday afternoon when he said a Fed rate cut in March…

U.S. employers added 353,000 jobs in January — far more than forecasters expected. The sizzling job market is good for workers but could cause the Federal Reserve to postpone a cut in interest rates.

Stronger-than-expected jobs growth and rising wage pressure all but eliminate the possibility of a March rate cut.

The stock market largely took a huge earnings week in stride, along with Fed chief Powell and a hot jobs report hitting rate-cut odds.

US adds 353,000 new jobs over month as growth in hiring gives boost to president, whose polling on economy has remained weak

Learn about the Federal Reserve's decision to hold interest rates at a high for the fourth time and their evaluation of inflation targeting and rate cuts i...

BoE policymakers were split three ways over interest rate decision, as Andrew Bailey says Bank needs to be more confident that inflation will fall and stay low

Most Asian equities fell Thursday, tracking a sell-off on Wall Street after the Federal Reserve poured cold water on hopes for a March interest rate cut.

The Australian share market has dropped 1.2 per cent after Federal Reserve chairman Jay Powell said a March rate cut was unlikely.

The Fed's next two policy meetings are set for March 20 and May 1, meaning rate relief could be months away.