Federal Reserve Chair Jerome Powell told lawmakers the central bank is in no rush to lower interest rates as officials wait for more clarity on the economic impact of President Donald Trump’s tariffs.

Jerome Powell, Chair of Federal Reserve, urges patience on rate cuts, cites strong labor market and rising inflation ...

Federal Reserve Chair Jerome Powell is in no hurry to lower interest rates despite calls from President Trump and looming ...

Federal Reserve Chair Jerome Powell told Congress the central bank can afford to wait and see how President Donald Trump's tariffs affect the economy before deciding whether or not to cut borrowing ...

Federal Reserve Chair Jerome Powell declined to endorse the view that tariffs will lead to only muted price pressures and the Fed shouldn't delay rate cuts much longer, in his testimony Tuesday. His ...

Chair Powell acknowledged on Tuesday that “if you look in the rearview mirror and look at existing data that we’ve seen, you ...

Fed Governor Christopher Waller said last week that he thinks “good news rate cuts” are possible, where easing inflation leads the central bank to lower interest rates. He suggested that those cuts ...

The Federal Reserve could move more quickly to lower interest rates if the labor market weakens, but might continue to hold ...

Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce ...

Powell says tariffs will raise inflation; Fed in good position to wait before cutting rates. Read more at straitstimes.com.

Federal Reserve Chair Jerome Powell, who is testifying before Congress this week, said tariffs are "likely to push up prices.