Jay Powell

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The median forecast from the Fed’s most recent projections points to a total of three rate increases this year, but many economists expect four upward moves.

The US Federal Reserve signalled it is getting more confident in the inflation outlook as it prepares for further increases in short-term interest rat(...)

Jerome ‘Jay’ Powell, chairman of the US Federal Reserve.

Showing all the deliberation of a trained lawyer, Jay Powell on Wednesday gave a cautious presentation following his first meeting as Federal Reserve (...)

Federal Reserve chairman Jerome Powell. The Fed’s median forecast for interest rates at the end of 2018 was left unchanged, but its projections pointed to an extra increase in 2019.

The Federal Reserve lifted short-term interest rates by a quarter-point and forecast that rates will rise higher than previously expected in the comin(...)

Federal Reserve board chairman Jerome Powell.

Jay Powell is widely expected to preside over his first interest rate increase as Federal Reserve chair on Wednesday. However, the focus for many inve(...)

Jerome Powell, chairman of the Federal Reserve, testifying before the  house financial services committee   in Washington on Tuesday. Photograph: Getty Images

Jay Powell gave a markedly bullish assessment of the US economic outlook in his first congressional testimony as Federal Reserve chairman, triggering (...)

Traders on the floor of the New York Stock Exchange on Tuesday. It followed a day of huge stock market falls on Monday, with US markets experiencing their biggest one-day decline since August 2011. Photograph:  Spencer Platt/Getty Images

The White House sought to play down the global stock market rout yesterday, insisting that the fundamentals of the US economy were strong and brushing(...)

A TV screen displays the Dow Jones industrial average on the floor of the New York Stock Exchange last Friday. Photograph: Richard Drew/AP

The wobble in international stock markets may seem a bit odd, in the wake of recent upgrades to forecasts for world economic growth this year. Stronge(...)

Federal Reserve Board chairwoman Janet Yellen is handing over to her successor Jay Powell after a single four-year term in which she began gradually withdrawing the crisis-era monetary stimulus the Fed injected into the economy. Photograph:  Brendan Smialowski/AFP/Getty Images

Janet Yellen kept the Federal Reserve on course for a further interest rate rise in March in her final meeting as chairwoman of the central bank, with(...)

Traders on the floor of the New York Stock Exchange. Photograph: Drew Angerer/Getty Images

As Donald Trump’s tenure in the White House passes the one-year mark this weekend, many are reflecting on a presidency that most people never thought (...)

Janet Yellen is likely to field questions about how the Fed feels about tax cuts.  Photograph: Bloomberg

With traders fully primed for an interest-rate increase at the Federal Reserve’s final meeting of the year, investors’ focus on Wednesday will be on F(...)