DOJ, Fed and Powell
Digest more
Expectations for next Fed rate cut get pushed back
Digest more
Jerome H. Powell, the Fed chair, wants to keep the central bank’s policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth.
The Federal Reserve held interest rates steady at its March meeting, following a dismal jobs report and an energy and oil crisis in Iran.
The Federal Reserve voted to keep its key interest rate flat, as rising inflation prevented it from cutting rates and the slowing job market kept a rate hike off the table.