The US central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday.

Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest rate cutting campaign.

Powell noted that the Fed lowered interest rates by a full point over its three prior meetings ... we do not need to be in a ...

The Federal Reserve has gone from data-dependent to D.C.-dependent, WisdomTree’s Kevin Flanagan says.

The Federal Reserve's Federal Open Market Committee (FOMC) declined to adjust interest rates after its first meeting of the year on Jan. 28 and 29, 2025. Starting in September, the FOMC lowered ...

The Federal Reserve held interest rates steady Wednesday after price increases ticked up over the past three months, ...

Part of that is explained by uncertainty in Washington ... and has previously pressured Chair Jerome Powell to lower interest rates. The Fed will also have to respond to whatever economic ...

"Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the ... Trump on Sunday didn't explain why he thought the Fed made the right decision to ...

The decision not to lower rates further came after the Fed slashed its key interest rate by a full percentage point over its prior three meetings last year, right before Trump took office.

The Fed's careful approach helps explain why savings accounts and CDs still offer competitive interest rates above 4% — and why it would be smart to prepare for future rate cuts today while you can.

Powell noted that the Fed lowered interest rates by a full point over its three ... we do not need to be in a hurry to adjust our policy stance," he explained. "We know that reducing policy ...