The projections are a snapshot of individual committee members' best guesses on the future of unemployment, inflation and rate cuts. Economists expect that the average prediction will be three rate cuts in 2025, fewer than were expected when they last published their expectations in September.

Federal Reserve Chair Jerome Powell discussed the central bank’s decision Wednesday to cut the benchmark federal-funds rate to a range between 4.25% and 4.5%, a two-year low, after the Fed cut rates at its two previous meetings.

Powell's more than six years as Fed chief have been consequential, but the coming months could present new challenges.

Federal Reserve Chair Jerome Powell has ruled out the possibility of the central bank adding Bitcoin to its balance sheet, citing legal restrictions under the Federal Reserve Act. Powell addressed the issue during a Dec. 19 press conference, emphasizing that the Fed is not pursuing any legislative changes to alter this position.

Federal Reserve Chair Jerome Powell has steered the world’s most powerful central bank during a tumultuous period for the US economy, from the pandemic to a historic bout of inflation shortly after.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER Federal Reserve Chairman Jerome Powell will host a press conference at 2:30 p.m. Federal Reserve officials are expected to announce their third and final interest rate cut of 2024,

Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the cryptocurrency.

Though most economists had anticipated another cut, Fed board chair Jerome Powell indicated it was a close call and that 2025 would see a more cautious approach. Inflation and employment have been identified as the top priorities for the Fed,

Then here comes Bitcoin, the decentralized, no-rules wild card of global finance. It’s absolutely no surprise that Powell is skeptical. But the reasons for

Federal Reserve Chair Jerome Powell hinted Wednesday that the economic policies of President-elect Donald Trump are starting to become top of mind for the central bank.

Elon Musk has set his sights on the Federal Reserve, calling it “absurdly overstaffed” in a post on X (formerly Twitter).

The Federal Reserve's Jerome Powell weighed in on the state of the U.S. economy after announcing another cut to the interest rate. CBS News business analyst Jill Schlesinger has more on what's expected next.