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Jerome Powell News - Latest Updates & Headlines

US Fed to wait for meaningful signs of weakness before rate cut: Experts

New Delhi, June 19: The US Federal Open Market Committee’s (FOMC) decision to maintain the federal funds rate at 4.25-4.5 per cent is appreciable, given the persisting geopolitical volatilities, trade uncertainties and the US administration's decision on a 90-day tariff pause, economists and industry experts said on Thursday.

US Fed keeps benchmark interest rate unchanged

Washington DC, June 19: The US Federal Reserve on Wednesday decided to keep benchmark interest rate unchanged at a range of 4.25 to 4.5 percent, amid ongoing trade policy shifts and growing pressure from President Donald Trump, The Hill reported.