FOMC News

Anna Paulson Steps Up: Philadelphia Fed Announces New President from Chicago Fed's Ranks

The Federal Reserve Bank of Philadelphia has appointed Anna Paulson, currently the Chicago Fed's executive vice president and director of research, as its new president effective J...

Federal Reserve Chair Jerome Powell Signals No Immediate Plans for Rate Cuts

Federal Reserve Chair Jerome Powell dismisses speculation of a May rate cut, emphasizing the importance of hard data and careful monitoring of financial conditions.

Fed's Bowman Highlights Labor Market as Key Factor in Future FOMC Policy Decisions

Michelle Bowman of the Federal Reserve discusses the growing importance of labor market conditions in shaping future FOMC policy decisions, highlighting a shift from focusing solel...

Federal Reserve's Powell Adopts Wait-and-See Approach on Trump's Policy Impact

Federal Reserve Chair Jerome Powell discusses the Fed's cautious stance on Trump's economic policies, emphasizing a wait-and-see approach to understand the full impact before makin...

Fed Chair Powell: Despite Rate Cuts, Monetary Policy Remains Restrictive

Fed Chair Jerome Powell stated that despite a year-long reduction in interest rates by 100 basis points, the central bank's monetary policy remains restrictive. Powell made these r...