Powell said that Fed staffers believe federal data could be overstating job creation by up to 60,000 jobs a month—which suggests the jobs market might be shrinking.

Powell described the latest policy move as a difficult decision, which was marked by high dissent among Fed officials. ・He said tariffs are contributing to elevated inflation but expects the impact to be a one-time price level adjustment.

Powell’s decisions as Fed chair have continued to have a massive impact on bitcoin and the wider cryptocurrency markets.

Federal Reserve Governor Christopher Waller, on the short list to succeed Fed Chair Jerome Powell next year and scheduled to be interviewed for the job by President Donald Trump on Wednesday, said he would "absolutely" defend the U.

The end of Jerome Powell’s term as Fed chair will give President Trump his biggest opportunity yet to reshape the central bank.

Powell talked about the reasons behind the Fed’s latest interest-rate cut and the discussions surrounding its decision as some officials dissented.

Fed Chair Jerome Powell's speech suggested that the FOMC may hold off on lowering interest rates for a while. Amid his speech, the odds of interest rates

The chair of the central bank is dealing with internal divisions while being besieged by President Trump and front-runners jockeying to replace him.