Here's where US indexes stood at the 4:00 p.m. closing bell on Thursday: Major indexes gained as the Fed cut rates by 25 basis points, which was widely expected after an initial jumbo 50 basis ...

Asked whether he would step down amid chatter that Trump's advisers had suggested he do so, Powell replied, "No." Trump nominated Powell as Fed chairman in 2017 in his first administration.

That was widely expected and came as no surprise. The bigger story was Fed Chair Jerome Powell's attempt to defend his job in the press conference that followed. Reporter: "If [President-elect ...

The 25 basis-point cut comes after Fed officials lowered rates by an aggressive 50 basis points at their previous meeting in September. In the weeks since the September meeting, a number of ...

The Federal Reserve lowered interest rates Thursday by a quarter of a percentage point as inflation continues to cool, but a cloudy economic outlook after Donald Trump was elected again could make ...

Fed Chair Jerome Powell took questions at his post-meeting press conference, where the discussion largely centered on what President-elect Donald Trump’s return to the White House means for the ...

His comments came in response to barrage of questions about how the election's outcome could alter the economy and the Fed's decisions. The Fed had originally penciled in multiple rate cuts for ...

The Fed cut, half the size of its September reduction, lowers the federal funds rate — the interest rate banks charge each other for short-term loans — to a range of 4.5% to 4.75% from its ...

The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to its Thursday statement. That brings down the federal funds rate — the interest ...

The Fed shaved borrowing costs by 0.25 percentage points, or half the size of its September reduction, according to its Thursday statement. That brings down the federal funds rate — the interest ...

Jerome Powell had a succinct answer when asked Thursday if he’d step down as the Federal Reserve’s chairman if Donald Trump asked him to: “No.” Asked by a Politico reporter if he’d ...

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