Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday. In Kevin Warsh’s first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where inflation could ease and allow lower rates, while others envisioned…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty Images JPMorgan Chase on Wednesday unveiled a new $50 billion share repurchase program and raised its quarterly dividend after the Federal Reserve found the…
The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the…
The Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dominated Kevin M. Warsh’s first meeting as chairman of the central bank. The decision on Wednesday to maintain rates at a range of 3.5 percent to 3.75 percent for a fourth-straight meeting was supported by all 12 members…
The Federal Reserve held interest rates steady and officials readied for higher borrowing costs, as inflation fears dominated Kevin M. Warsh’s first meeting as chairman of the central bank. The decision on Wednesday to maintain rates at a range of 3.5 percent to 3.75 percent for a fourth-straight meeting was supported by all 12 members…
June 5, 2026, 10:06 a.m. ET White House rejoices over strong jobs report. The White House celebrated a stronger-than-expected jobs report on Friday, insisting that the uptick in hiring shows that the U.S. economy remains strong even as the war with Iran continues to elevate oil and gas prices. The report, which showed that employers…
Three Federal Reserve officials who wanted the central bank to signal more directly this week that interest rates may eventually need to rise cited concerns about resurgent inflation stemming from the war in Iran in defending their decision to dissent against Wednesday’s policy announcement. On Friday, the policymakers who contributed to the Fed’s most divisive…
Over the past year, Jerome H. Powell has frequently said that the Federal Reserve faced “no risk-free paths” as it confronted a series of economic shocks that simultaneously lifted inflation while denting growth. The same could be said for his momentous decision to stay on at the Fed as a governor after his term as…
Jerome H. Powell said on Wednesday that he would stay on as a governor at the Federal Reserve after his term as chair ends May 15, citing lingering legal threats against him and the central bank as part of a pressure campaign by President Trump for lower borrowing costs. “After my term as chair ends…
Jerome H. Powell said on Wednesday that he would stay on as a governor at the Federal Reserve after his term as chair ends May 15, citing lingering legal threats against him and the central bank as part of a pressure campaign by President Trump for lower borrowing costs. “After my term as chair ends…
