The Federal Reserve's balancing act is getting harder. The central bank held its benchmark interest rate steady on Wednesday as policymakers face growing signs of a softening job market, even as the war in Iran puts more upward pressure on prices. "The implications of developments in the Middle East for the U.S. economy are uncertain."
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Policymakers at the Federal Reserve held interest rates steady this afternoon. The U.S. war with Iran has triggered a spike in energy prices. NPR's Scott Horsley is here.
The Federal Reserve left interest rates unchanged on Wednesday, maintaining its wait-and-see approach after a series of cuts in late 2025.. "The implications of developments in the Middle East for the U.S. economy are uncertain." Mr. Powell said consumer spending is resilient and business investment is expanding, while housing activity "remains weak.
WASHINGTON- Jerome Powell, the chair of the Federal Reserve, is not going anywhere. Powell, who has faced withering pressure from President Donald Trump just months before his term as chair ends, said Wednesday that he would continue to lead the central bank until his replacement was confirmed by the Senate. Technically, Powell's term as chair ends May 15, but he can…
Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut their key rate once in 2026. The central bank said in a statement that the“ implications of developments in the Middle East for the U.S. economy are uncertain.” Still, by keeping their forecast for a rate cut this…
apa442908-Actuality– WASHINGTON– "on the economy"- At a news conference, Federal Reserve board chairman Jerome Powell says the Iran war's economic impact remains to be seen. apa442909-Actuality– WASHINGTON– "the rate cut"- At a news conference, Federal Reserve board chairman Jerome Powell says the central bank envisions one rate cut next year– but it depends.
Federal Reserve Chair Jerome Powell will give remarks Wednesday afternoon after the nation's central bank decided to hold interest rates steady amid evolving impacts on the economy sparked by President Trump's military operation in Iran. Iran's throttling of the Strait of Hormuz has depleted the global supply of oil, natural gas, fertilizer and other…
—U.S. stocks slumped Wednesday after a report said inflation was primed to worsen even before the war with Iran caused oil prices to spike. That and comments from the head of the Federal Reserve pushed Wall Street to see less chance of getting the lower interest rates that it loves. The price for a barrel of benchmark U.S. crude got to nearly $99 before settling at…
U.S. stocks slumped after a report said inflation was primed to worsen even before the war with Iran sent oil prices spiking. That and comments from the head of the Federal Reserve pushed Wall Street on Wednesday to see less chance of getting the lower interest rates that it loves. Treasury yields climbed in the bond market, which in turn hurt the price of gold.
The following information was released by the office of the Governor of New York:. I'm trying to get money back from the federal government, $13.5 billion that they sucked out of the New York State economy and families' pockets with an illegal scheme to impose tariffs on products that we use every single day. Earlier today, Governor Kathy Hochul rallied with…
The Federal Reserve announced that it is leaving its benchmark interest rate untouched Wednesday in its first Federal Open Market Committee statement since the start of the war with Iran. The Fed's benchmark interest rate remains at a 3.5% and 3.75% range as the committee held on to its projection of at least one rate cut coming this year.
The Federal Reserve kept interest rates unchanged on Wednesday and reiterated plans to cut rates later this year, even as rising energy prices from the Iran war threaten to prolong the administration’ s efforts to control inflation ahead of the midterm elections. The sole dissenting vote came from President Donald Trump's newest FOMC appointee, Stephen…
First and foremost, economic policy in The Gambia is determined by the Government of The Gambia, led by the President and implemented through institutions such as the Ministry of Finance and Economic Affairs and the Central Bank of The Gambia. The IMF does not govern The Gambia, nor does it impose policies in the way many citizens sometimes believe.
—Federal Reserve keeps rates steady, projects one rate cut this year and sees limited economic impact from Iran war.
A proposal to temporarily increase a state tax on health insurance premiums to help cover a $1 billion shortfall in the state budget will impact Wellmark Blue Cross and Blue Shield, the state's largest health insurer, much less than the company originally feared, Wellmark officials and state administration leaders said. Kim Reynolds' administration has…
On Sunday, United States Senator Bill Hagerty, a member of the Senate Foreign Relations Committee and former U.S. Ambassador to Japan, joinedSunday Morning Futures with Maria Bartiromoon Fox Business to discuss U.S.- Japan cooperation, election integrity legislation, and the nomination of Kevin Warsh to lead the Federal Reserve. Hagerty on Japan's role and U.S….
—Federal Reserve officials expect the Iran war will worsen inflation this year while having little impact on economic growth, but they still expect to cut their key rate once in 2026.. In a statement, the central bank said that the“ implications of developments in the Middle East for the U.S. economy are uncertain.”. Still, by keeping their forecast for a rate cut this…
2026 MAR 17– By a News Reporter-Staff News Editor at Robotics& Machine Learning Daily News Daily News– Investigators publish new report on Artificial Intelligence. For more information on this research see: Artificial Intelligence and Technological Unemployment. Journal of Monetary Economics, 2026; 158. Journal of Monetary Economics can be contacted at:…
The Federal Reserve Bank of St. Louis is seeking high school seniors to serve on its Student Board of Directors for the 2026– 27 school year. The program offers students an opportunity to learn about the Federal Reserve and its role in the U.S. economy. Students selected for the program are expected to attend meetings, complete assigned work and present…
