Before House Panel, Powell Affirms Fed's Plan to Raise Interest Rates Gradually
Wednesday, 18 July 2018
During a second day of testimony on Capitol Hill, Federal Reserve Chairman Jerome Powell affirmed the central bank’s plans to gradually raise interest rates “for now.”
Credit: Wochit News - Published
on July 17, 2018 < > Embed
According to Reuters, Federal Reserve Chairman Jerome Powell thinks the US economy is on a clear track with years of growth just ahead. During a congressional hearing with a group of senators, the Fed chair added that they expect the job market to remain strong, while keeping inflation near their... US Economy Looks Good To Fed Chairman 00:37
You Might Like
Recent related videos from verified sources
Jim Cramer Tackles the Fed, Oracle and Slack Going Public
Happy Slack not-actually-an-IPO day! Jim Cramer's weighing in on whether or not the Fed did enough to avoid a tweet from Trump, Oracle's earnings report and Slack's first day as a public company. ..
Credit: The Street Duration: 07:45 Published 7 hours ago
Fed's Powell plans to serve entire term, despite Trump
Federal Reserve Chair Jerome Powell says 'the law is clear' and that he fully intends to serve his 4-year term amid reports that President Trump was looking into demoting him. Rough Cut (no reporter..
Credit: Reuters - Politics Duration: 01:01 Published 9 hours ago
The Federal Reserve gets ready for possible rate cuts
Under pressure to lower interest rates, the Federal Reserve gave its strongest signal yet that it is preparing to possibly cut rates later this year, while keeping rates steady on Wednesday. Conway G...
Credit: Reuters - Business (Amazon FireT Duration: 02:21 Published 1 day ago
Fed Keeps Interest Rates Steady After June Meeting
According to Reuters, the Federal Reserve signaled it may cut interest rates throughout the rest of the year. On June 19th, the latest Federal Open Market Committee meeting for discussing interest..
Credit: Wochit News Duration: 00:38 Published 1 day ago
Recent related news from verified sources
Trump on Fed's Powell: 'You Can't Win 'em All' U.S. President Donald Trump on Thursday kept up the pressure on Federal Reserve Chairman Jerome Powell to cut interest rates, a day after U.S. central bankers... Newsmax 1 hour ago
Fed likely to leave rates alone but signal readiness to cut WASHINGTON (AP) — Jerome Powell has tantalized the financial world with the prospect that the Federal Reserve he leads may soon cut interest rates for the... Seattle Times 3 days ago Other recent news in US