Mr Powell

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Federal Reserve chairman Jay Powell: the Fed noted that inflation continued to run below its 2% target

The Federal Reserve held interest rates steady but shifted towards a more dovish stance and pointed to possible interest rate cuts in the future, citi(...)

A trader working on the floor of the New York Stock Exchange on December 26th. Photograph: REUTERS/Jeenah Moon

Wall Street was marked by volatile trading on Wednesday as investors returned following a turbulent run-up to Christmas that had helped wipe more than(...)

Jerome Powell, chairman of the US Federal Reserve: insists  central bank is “removed from the political process” and will try to do the right thing for the economy. Photograph: Andrew Harrer/Bloomberg

Federal Reserve policymakers said they would forge ahead with further rises in interest rates, with some talking of pushing borrowing costs into restr(...)

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 (...)