News

Federal Reserve Chair Jerome Powell indicated in remarks Wednesday that central bankers are focusing on inflation concerns when evaluating the economic risks of President Donald Trump's tariffs.

(Reuters) -Federal Reserve Chair Jerome Powell suggested on Wednesday that hopes the central bank will step in to tamp down on market volatility are likely misplaced. Asked if the Fed would intervene to counter sharp declines in the stock market, Powell said "I'm going to say no, with an explanation." "What I think is going on in markets is markets are processing what's going on, markets are struggling with a lot of uncertainty and that means volatility," Powell said in an appearance in Chicago.

The chairman of the Federal Reserve has warned that Donald Trump’s trade war will fuel inflation and keep interest rates higher for longer, triggering a steep sell-off on Wall Street.

(Bloomberg) -- United Airlines Holdings Inc. reassured investors worried about wobbly demand with a vow to make money even during a recession.Most Read from BloombergTrump Signs Executive Orders on Federal Purchasing, Office SpaceHow Did This Suburb Figure Out Mass Transit?Why the Best Bike Lanes Always Get BlamedDOGE Places Entire Staff of Federal Homelessness Agency on LeaveLA County Floats Leaner Budget Burdened by Fire and Legal CostsThe company plans to control costs and keep its planes ful

For now, he said in remarks prepared for delivery at the Economic Club of Chicago, the Fed could keep its benchmark interest rate steady "to wait for greater clarity before considering any adjustments to our policy stance." Repeating comments made earlier this month, the Fed chief noted that the impact of those and other policy changes "are still evolving," but likely to be "larger than anticipated." When asked if there’s such a thing as a Fed put for the stock market, his answer was ‘no’.

The youngest population of workers want more control over their career trajectory.

Traders on Wednesday kept bets on Federal Reserve rate cuts this year after Fed Chair Jerome Powell said the U.S. central bank is well-positioned to wait for greater clarity before making any changes to the stance of policy. Traders of short-term interest-rate futures are betting the Fed resumes rate cuts in June and that by year end the policy rate, currently in the 4.25%-4.50% range, will be a full percentage point lower.