Last week the rate was cut from 4.75% to 4.5% with the prevailing wisdom suggesting that the threat of a return to higher inflation deterred the MPC from agreeing a large cut.

Federal Reserve Chair Jerome Powell testified before a Senate committee and said the central bank's workforce is more ...

Live coverage of Fed Chair Jerome Powell's semiannual address to Congress. He spoke to the Senate on Tuesday and will speak ...

The Federal Reserve's job is to control inflation, but has little ability to influence one of its biggest drivers, Fed Chair ...

Jerome H. Powell testifies as inflation risks are resurfacing, regulatory changes are in flux and the Federal Reserve’s ...

With less restrictive monetary policy and a continued strong economy, the Federal Reserve will not rush to further reduce ...

The Federal Reserve chair delivers his first semiannual monetary policy report of the 119th Congress, where he is expected to ...

U.S. Federal Reserve Chair Jerome Powell, in his first appearance before Congress since the inauguration, vouched for the ...

Fed Chair Jerome Powell told lawmakers Tuesday that the Fed is not in a hurry to adjust interest rates, reiterating a cautious stance as central bank policymakers digest signs of stubborn inflation ...

Federal Reserve Chair Jerome Powell reiterated that he doesn’t believe the president of the United States has the authority ...

Federal Reserve chair Jerome Powell shares the Semiannual Monetary Policy Report with the Senate Banking Committee.

The US central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday.