Powell stressed that the decision to cut was made after seeing progress on the Fed's goal to cool inflation toward its 2% annual target — but added that the central bank isn't yet ready to ...

Central banks have followed each other in coordinated cuts in the past. For example, the ECB and the Fed both made emergency cuts a week after the Sept. 11, 2001, terrorist attacks. But the joint ...

The Fed is in a “good place to wait and see” before moving on interest rates, Powell said Wednesday. “We don't think we need to be in a hurry. We think we can ...

The Fed made the mistake in 2022 of dismissing inflation as transitory, and it's reluctant to do so again. The job market has thus far remained resilient, even as consumer confidence is waning and ...

“The hope is that, now that inflation is under control, we want to deal with the other side of the Fed mandate and make sure that we’re not tanking employment,” Beane said ...

The Federal Reserve on Thursday made its second rate cut of this year, with the decision coming less than two months after the central bank's surprise jumbo cut in September. The Fed shaved ...

What made investors doubtful, in part, was the Fed’s acknowledgement that inflation has proven a bit more resilient than ...

and a growing possibility that Fed Chair Jerome Powell may be remembered both as the man who got the U.S. through the economic crisis triggered by the pandemic and the one who made central banking ...

Fed officials also said “inflation has made further progress toward (their) 2% goal.” Fed Governor Michelle Bowman was the lone dissenter, preferring a quarter-point cut. At a news conference ...

Powell made clear last month in a high-profile speech that Fed officials feel confident that inflation has largely been defeated. It has plummeted from a peak of 9.1% in June 2022 to 2.5% last ...