Federal Reserve chairman

The Latest: Powell gets praise for plain speaking

WASHINGTON— The Latest on Federal Reserve Chairman Jerome Powell’s congressional appearance to deliver the Fed’s semi-annual monetary policy report. (all times local) ___ 11:50 a.m. Powell is getting praise from lawmakers for his efforts to avoid economic jargon in explaining what the Federal Reserve is trying to do to manage the economy and also for … Continue reading The Latest: Powell gets praise for plain speaking

WASHINGTON | Fed Chair Powell stresses importance of an independent Fed

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the Fed’s independence from political pressure is key in enabling the central bank to fight inflation, stabilize the economy, and regulate the financial system. His remarks Friday come after Kevin Warsh, a former Fed official who President Donald Trump interviewed for the chairman post, said in … Continue reading WASHINGTON | Fed Chair Powell stresses importance of an independent Fed

WASHINGTON | Fed Chair Powell highlights importance of independent Fed

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell says the Fed’s independence from political pressure plays a key role in enabling the central bank to fight inflation, stabilize the economy, and regulate the financial system. His remarks Friday come after Kevin Warsh, a former Fed official who President Donald Trump interviewed for the chairman post, … Continue reading WASHINGTON | Fed Chair Powell highlights importance of independent Fed

US mortgage rates up for 8th week; 30-year at 4.43 percent

WASHINGTON /March 01, 2018 (AP)(STL.News) — Long-term U.S. mortgage rates crept higher this week, marking the eighth straight week that it cost more to borrow to buy a home. Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year fixed-rate mortgages rose to 4.43 percent this week from 4.40 percent last week. The … Continue reading US mortgage rates up for 8th week; 30-year at 4.43 percent