Fed, interest rates
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Powell left some advice to the next Fed chair. "Don't get pulled into elected politics," Powell said. "Don't do it."
The Federal Reserve is nearing an interest rate decision at its January meeting. Jerome Powell is under growing pressure amid a DOJ investigation.
U.S. Treasury yields rose on Thursday as investors weighted the state of the economy after the U.S. Federal Reserve held interest rates steady.
11hon MSN
Fed's Powell says he attended Supreme Court arguments over Cook due to case's importance to Fed
WASHINGTON, Jan 28 (Reuters) - Federal Reserve Chair Jerome Powell said on Wednesday that he attended last week's Supreme Court arguments over President Donald Trump's effort to fire Fed Governor Lisa Cook because of the case's importance to the U.
The Fed chair has been asked four times whether he’ll stay on the board after his term as chair is up. His silence is the strategy.
Jerome Powell advises his successor to stay out of politics and work with Congress as the Fed chair discusses his future at the central bank during a Wednesday press conference.
The Fed's budget showed the project's current estimated cost at $2.46 billion, up from $1.88 billion in 2024, a difference of about $580 million. The document shows that the Fed eliminated the planned renovation of a third building - cutting about $510 million in costs.