Jay Powell

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Federal Reserve chairman Jay Powell. The Fed’s one-notch cut to interest rates was in line with the expectations of investors and economists. Photograph: Getty

The Federal Reserve cut US interest rates by 25 basis points, to a range of 1.75 to 2 per cent and signalled that it could stop there despite uncertai(...)

Job growth has averaged 158,000 per month this year, below the average monthly gain of 223,000 in 2018. Photograph: Getty

US job growth slowed to its weakest level in three months in August despite a boost from temporary hiring for census workers, as uncertainty stemming (...)

Mr Powell was speaking at the high-profile Jackson Hole gathering of US central bankers.  Photograph: Reuters

Jay Powell, Federal Reserve chairman, said that fitting trade uncertainty into the central bank’s policy framework was “a new challenge”, emphasising (...)

The inversion of the yield curve  has occurred before every US recession of the past 50 years. Photograph: Reuters

Shorter-dated US bond yields once again eclipsed those for longer-dated notes on Thursday, signalling fears among bond market investors that the Feder(...)

US Federal Reserve chairman Jerome Powell at a press conference after the Federal Open Market Committee meeting in Washington

Jay Powell, the Federal Reserve chairman, faced a split among US central bank officials as he pressed ahead with a one-notch interest rate cut last mo(...)

 President of the European Central Bank Mario Draghi: recognises the limitations of monetary policy in fixing the euro zone’s ills. Photograph: Kai Pfaffenbach

The European Central Bank will doubtless cut its overnight deposit rate even deeper than the current -0.4 per cent at its next meeting in September. T(...)

 Federal Reserve  chairman Jerome Powell: he has had a difficult relationship with the man who appointed him Donald Trump.  Photograph: Getty Images

The decision by the US Federal Reserve board to cut its key interest rate by quarter of a point underlines that the extraordinary era of low interest (...)

US Federal Reserve chairman Jerome Powell .

Jay Powell this month stressed the Fed’s determination to fight the sluggish inflation numbers dogging the US economy, warning Congress that downbeat (...)

Beef magnate Larry Goodman has been building up a stake in Green Reit in recent weeks, as the Dublin-listed property company courts bidders after putting itself up for sale in April

Ryanair could close bases and is offering unpaid leave to pilots as tough trading conditions and delays in delivery of Boeing’s new 737 Max aircraft c(...)

Federal Reserve chairman Jay  Powell: statement to Congress come as investors bet that the reserve’s monetary policymakers will move as early as late July to cut its main interest rate by at least 25 basis points Photograph: Getty

Chairman of the US Federal Reserve Jay Powell has cemented the case for the US central bank to cut interest rates based on mounting risks to the US ec(...)

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