Fed Cuts Rates by a Quarter Point

Chairman Powell adds that he wouldn't resign if asked by Trump.

By Craig Torres | November 07, 2024 at 06:07 PM

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

Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed's decision Thursday to lower interest rates by a quarter percentage point.

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News

1 Treasury Department Flags Risks from New Cross-Border Payments Systems

2 U.S. Initial Jobless Claims Decline

3 Federal Court Shuts down Expanded Overtime Pay Rule

4 How to Hedge the Interest Rate Exposure in Cash Balance Plans

5 Trudeau Government Has Likely Blown Past Fiscal Anchor

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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

Last week, unemployment applications fell to 213,000, the lowest level since April.

Trudeau Government Has Likely Blown Past Fiscal Anchor

By Erik Hertzberg | November 19, 2024

Facing pressure from economists to restrain government spending, Canada’s Finance Minister promised to hold the FY2023-24 deficit below C$40.1 billion, but the country’s parliamentary budget officer now expects to run a C$46.8 billion deficit this fiscal year.

Trudeau Government Has Likely Blown Past Fiscal Anchor

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