Jerome Powell gives advice to next Fed chair
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Powell's term ends in May.
The Federal Reserve is expected to keep its key interest rate at the target range of 3.5% to 3.75%, but traders are looking for hints on next steps for policy.
The Fed chair has been asked four times whether he’ll stay on the board after his term as chair is up. His silence is the strategy.
The Fed and chair Jerome Powell are likely to hold interest rates steady as he faces a criminal investigation launched by President Donald Trump's close ally.
Gold is up 84% year-over-year and silver by a stunning 245%, but the Fed chair is looking elsewhere.
The Federal Reserve is nearing an interest rate decision at its January meeting. Jerome Powell is under growing pressure amid a DOJ investigation.
Jerome Powell had little to say about the biggest questions hanging over the Federal Reserve. The central bank voted Wednesday to keep interest rates unchanged, with two governors dissenting in favor of a quarter-point cut. Powell said the economy remains strong and that rate hikes were not on the table.
Federal Reserve Chair Jerome Powell on Wednesday offered his first explanation into his decision to attend Fed Governor Lisa Cook's Supreme Court hearing.