Jerome Powell

Trump administration officials moved to reassure financial markets that Federal Reserve Chairman Jerome Powell’s job is safe following a report said President Donald Trump has repeatedly discussed firing the central bank chief after last week’s Fed rate hike.

Monetary policy may need to become restrictive at some point, but the Summary of Economic Projections is “not a signal” that it will, Federal Reserve Board Chair Jerome Powell said Wednesday.

The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald Trump, while dialing back projections for interest rates and economic growth in 2019.

While bond market prognosticators are confident the Federal Open Market Committee will raise the fed funds rate target by 25 basis points this week, they remain less certain on the outlook for 2019.

Arthur Bass, managing director of fixed income financing, futures and rates at Wedbush, discusses the yield curve inversion, recession chances and the Federal Reserve. Gary Siegel hosts.

Federal Reserve Chairman Jerome Powell delivered a bullish assessment of the U.S. economy and the job market.

Federal Reserve Chairman Jerome Powell said that while the central bank has made progress toward a “strong economy” with rising wages, many lower-income workers have been left behind.

Federal Reserve Chairman Jerome Powell’s testimony to Congress scheduled for Wednesday has been canceled.

If Federal Reserve Chairman Jerome Powell meant to walk back a misstatement from last month, he may not have meant to walk it quite this far.

Interest rates are nearing the neutral level — the rate that neither stimulates nor restrains economic growth — Federal Reserve Board Chair Jerome Powell said Wednesday.