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Craig Torres

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JEROME POWELL told the House Budget Committee that the Federal Reserve projects continued moderate growth in the U.S. economy. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Powell sees few risks likely to derail record U.S. expansion

WASHINGTON – Federal Reserve Chairman Jerome Powell called the United States economy a “star” performer and voiced solid confidence that its record expansion will...
THE FEDERAL OPEN MARKET COMMITTEE, led by Federal Reserve Chairman Jerome Powell, decided to drop the main interest rate one-quarter of a point Wednesday. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Fed makes second straight rate cut, splits on further action

WASHINGTON – Federal Reserve policy makers lowered their main interest rate for a second time this year while splitting over the need for further...
JEROME POWELL, chairman of the U.S. Federal Reserve, said Friday that while the U.S. economy is strong, it faces uncertainty from global markets and trade uncertainties. / Bloomberg News File Photo/Andrew Harrer

Powell says economy in favorable place, faces significant risks

WASHINGTON – Federal Reserve Chairman Jerome Powell said the United States economy is in a favorable place but faces “significant risks” as growth abroad...
THE FEDERAL RESERVE left their key interest rate in a range of 2.25% to 2.5% on Wednesday. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed scraps ‘patient’ rate approach in prelude to potential cut

WASHINGTON – The Federal Reserve indicated a readiness to cut interest rates for the first time in more than a decade to sustain a...
FEDERAL RESERVE officials judged at their latest meeting that their patient approach to interest-rate changes would be appropriate “for some time.” /BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed minutes signal patience on rate moves for ‘some time’

NEW YORK – Federal Reserve officials judged at their latest meeting that their patient approach to interest-rate changes would be appropriate “for some time,”...
FEDERAL RESERVE CHAIRMAN Jerome Powell said that the United States had a healthy economy that has shown "crosscurrents" that warranted a patient approach to policy decisions. / BLOOMBERG NEWS FILE PHOTO/AL DRAGO

Powell sees healthy economy with ‘crosscurrents’ to watch

NEW YORK - Federal Reserve Chairman Jerome Powell said a healthy United States economy has faced some “crosscurrents and conflicting signals” that officials in January...
THE FEDERAL RESERVE left interest rates unchanged Thursday in a unanimous vote and stayed on course to hike in December as strong economic growth, higher tariffs and rising wages look set to spur inflation. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Fed stands pat on interest rates ahead of expected Dec. hike

NEW YORK - The Federal Reserve left interest rates unchanged and stayed on course to hike in December as strong economic growth, higher tariffs...
FEDERAL RESERVE OFFICIALS raised interest rates for the second time this year. / BLOOMBERG FILE PHOTO/JOSHUA ROBERTS

Fed raises rates; Officials lift outlook to four 2018 hikes

NEW YORK – Federal Reserve officials raised interest rates for the second time this year and upgraded their forecast to four total increases in...
THE FEDERAL RESERVE unanimously voted to lift the federal funds rate target range from 1.5 percent to 1.75 percent. BLOOMBERG FILE PHOTO/ANDREW HARRER

Fed raises rates, steepens path of hikes as outlook strengthens

NEW YORK - Federal Reserve officials, meeting for the first time under Chairman Jerome Powell, raised the benchmark lending rate a quarter-point and forecast a...
THE FEDERAL RESERVE released its Survey of Consumer Finances Wednesday / BLOOMBERG FILE PHOTO/BRENDAN SMIALOWSKI

U.S. growth starts to help more people, but wealthiest win most

NEW YORK - The long-running United States economic expansion is starting to reach down and deliver gains to lower-income Americans, while causing already-wide disparities...
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