A proposal from two top nominees would let the president fire board members at will, and give Congress budget authority.

The Australian sharemarket surged in 2024, adding nearly $200bn to the value of the benchmark ASX 200 index, despite a ...

The Federal Reserve cut interest rates by 25 basis points in its final meeting of the year. The Fed aims to bring inflation ...

Super-low interest rates and reservoirs of monetary stimulus didn’t deliver ... With the latest cut, the benchmark fed-funds rate will sit around 4.3%. Powell has long been dismissive of using ...

Fed Chair Powell also said that the Fed is "not allowed ... "But in the mid to long run, we believe that monetary and fiscal stimulus policies in both the US and other parts of the world will ...

And in the context of a fully employed economy, more stimulus will be inflationary. Powell also said that the Fed would wait until specific tariff changes are made to analyze how they would impact ...

“We are in a new phase of the process,” Fed Chair Jerome Powell said. The central bank has already quickly eased its main interest rate by a full percentage point to a range of 4.25 percent to ...

The Fed's models are sufficiently Keynesian that continued deficit spending generates economic stimulus. And in the context of a fully employed economy, more stimulus will be inflationary. Powell ...

The new benchmark will range from 4.25 percent to 4.5 percent, making borrowing slightly cheaper and providing a mild stimulus ... Jerome Powell, chairman of the Federal Reserve Board of Governors ...

de la Merced and Lauren Hirsch For weeks, Jay Powell has been sending markets the message that the Fed is entering a more ... through tax cuts and other stimulus measures. Also, tomorrow’s ...