Fed Meeting in Jackson: Inflation Fight Could Bring ‘Pain,’ Job LossesFed Meeting in Jackson: Inflation Fight Could Bring ‘Pain,’ Job LossesInvestors had been hoping for a signal from Powell that the Fed might soon moderate its rate increases later this year.Associated PressAssociated Press
Powell Says COVID Variant Clouds Inflation, Economic OutlookPowell Says COVID Variant Clouds Inflation, Economic OutlookHe adds that the new variant could also worsen supply chain disruptions.Associated PressAssociated Press
Powell Urges Congressional Panel to Tackle Budget DeficitsPowell Urges Congressional Panel to Tackle Budget DeficitsA large deficit will make it harder for Congress to cut taxes or boost spending when the next recession hits, Powell said. Associated PressAssociated Press
Fed’s Powell Sees Steady Growth, Signals Pause in Rate CutsFed’s Powell Sees Steady Growth, Signals Pause in Rate CutsThe Fed cut short-term rates last month for the third time this year, to a range of 1.5% to 1.75%.Associated PressAssociated Press
The Latest: President Attacks Powell Fed After Chairman’s SpeechThe Latest: President Attacks Powell Fed After Chairman’s SpeechHe says the outlook for the U.S. economy remains favorable but that it continues to face risks.Associated PressAssociated Press