The Fed Will Take Its Time Lowering Interest Rates

Fed Chair Powell says rates will fall, but 'over time,' adding that the FOMC "is not a committee that feels like it's in a hurry to cut rates quickly."

By Amara Omeokwe | September 30, 2024 at 03:54 PM

Photo: Jerome Powell. Photographer: Al Drago/Bloomberg.

Federal Reserve Chair Jerome Powell said the central bank will lower interest rates "over time," while again emphasizing that, overall, the U.S. economy remains on solid footing. Powell also reiterated his confidence that inflation will continue moving toward the Fed's 2 percent target, adding that economic conditions "set the table" for a further easing of price pressures.

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Federal Court Shuts down Expanded Overtime Pay Rule

By Michael Popke | November 21, 2024

According to a Texas judge, the U.S. Department of Labor overstepped its boundaries in raising the salary threshold.

Federal Court Shuts down Expanded Overtime Pay Rule

U.S. Initial Jobless Claims Decline

By Jarrell Dillard | November 21, 2024

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Trudeau Government Has Likely Blown Past Fiscal Anchor

By Erik Hertzberg | November 19, 2024

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Trudeau Government Has Likely Blown Past Fiscal Anchor

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