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Jerome Powell says Fed in no rush to cut rates

CBS News on MSN · 41m

Fed Chair Powell holds firm on interest rates, resisting pressure to cut

Federal Reserve Chair Jerome Powell reiterated his view that the central bank should keep interest rates steady for now, citing inflation risks from U.S. tariffs. Powell, who made his remarks in prepared testimony Tuesday before the House Committee on Financial Services,

The New York Times · 2h

Powell Reiterates Fed’s Wait-and-See Approach Before Cutting Rates

The Fed chair will tell lawmakers that the central bank can wait to see how President Trump’s tariffs affect the economy before lowering borrowing costs.

NBC News on MSN · 56m

Fed chairman Jerome Powell testifies amid ongoing Trump attacks over interest rates

President Donald Trump wants interest rate cuts. Federal Reserve Chair Jerome Powell says that cannot happen yet. Those two competing visions were set for a collision course Tuesday as Powell provides regularly scheduled testimony to the Republican-controlled House Financial Services Committee.

16hon MSN

Federal Reserve’s Bowman says rate cut should be on table in July

Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as ...

6hon MSN

The Fed's Interest Rate Cuts Foreshadowed the Recent Stock Market Correction. Here's What Might Happen Next.

Now, with the most recent CPI reading (for May 2025) coming in at an annualized rate of just 2.4%, the Fed has penciled in ...

1d

Federal Reserve holding interest rates steady delays relief for consumers this summer

Recession worries are building once again, as some consumers fear the prospects of higher prices and continued high interest ...

19h

Donald Trump Gets Good News From Federal Reserve

Trump appointed Bowman to the Federal Reserve's board of governors in 2018. She's the second high-ranking central bank ...

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