Powell: Low rates abroad a sign of weak global growth
Federal Reserve chairman Jerome Powell holds a press conference after the Fed's decision to cut rates by 25 basis points.
Powell doesn't see the Fed ever using negative interest rates, even in times of crisis
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.
Powell says it's possible the Fed will have to resume balance sheet growth
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease liquidity markets.
Powell says a 'sequence' of rate cuts could be needed if economy turns, but doesn't see that now
Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as necessary now.
Trump says Powell and the Fed 'Fail Again' — 'No guts, no sense, no vision!'
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.
Fed gets more divided, as three members vote against rate cut
The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.
Fed forecasts no further rate cuts in 2019 and 2020, but members are divided
The Federal Reserve cut rates Wednesday by 25 basis points to a range of 1.75% to 2.00%.
Fed cuts rate on bank reserves amid repo market turmoil
The interest on excess reserves now stands at 1.8%, a 30 basis point cut compared with the 25 basis point reduction for the benchmark funds rate.
Fed approves quarter-point rate cut but is divided on further action this year
Investors largely expected the FOMC to cut rates by a quarter point.