clearn.png
Wednesday November 13th, 2019 5:30AM
7:00PM ( 10 hours ago ) Weather Alert

Powell again signals Fed is prepared to cut interest rates

By The Associated Press

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell, testifying for a second day before Congress, is delivering the same message: that the central bank is prepared to cut interest rates to support the economy, raising hopes that the first reduction in its key policy rate in a decade could happen later this month.

Powell's prepared testimony to the Senate Banking Committee is identical to the remarks he delivered Wednesday before the House Financial Services Committee on Wednesday.

In his opening comments, Powell says that "uncertainties around trade tensions and concerns about the strength of the global economy continue to weigh on the U.S. economic outlook."

  • Associated Categories: Associated Press (AP), AP Online Headlines - Washington, AP Online Congress News, AP Business, AP Business - Economy, AP Business - Industries, AP Business - Financial Services
© Copyright 2019 AccessWDUN.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Branson: Pound could be just a dollar in 'no-deal' Brexit
Virgin Group founder Richard Branson has warned that a no-deal Brexit will force the company to invest less in Britain because of pressures on the pound
10:34AM ( 24 minutes ago )
White House yanks drug 'rebate' plan to ease costs for some
The White House says President Donald Trump is withdrawing a plan that would have eased the financial bite of drug costs for people on Medicare by allowing them to receive rebates that drugmakers now pay insurers and middlemen
10:33AM ( 24 minutes ago )
APNewsBreak: Customs clarifies policy on plane ID searches
APNewsBreak: After lawsuit settlement, US Customs and Border Protection clarifies that airline passengers aren't required to submit to suspicion-less document checks
10:29AM ( 29 minutes ago )
Associated Press (AP)
White House yanks drug 'rebate' plan to lower costs for some
The White House says President Donald Trump is withdrawing a plan that would have eased the financial bite of drug costs for people on Medicare by allowing them to receive rebates that drugmakers now pay insurers and middlemen
9:57AM ( 1 hour ago )
Trump lashes out on Twitter ahead of social media 'summit'
President Donald Trump is lashing out on Twitter ahead of a White House 'Social Media Summit,' a gathering of mostly conservative groups
9:47AM ( 1 hour ago )
Diplomats shaken by resignation of Britain's US ambassador
Abrupt resignation of Britain's ambassador to US over leaked cables critical of Trump administration unlikely to have lasting impact on US-British relationship or diplomatic practice
9:46AM ( 1 hour ago )
AP Online Headlines - Washington
Dems preparing to question Mueller say it 'will not be easy'
Democratic and Republican members of the House committees scheduled to question former special counsel Robert Mueller appear to be taking different approaches to next week's hearings
6:26AM ( 4 hours ago )
Democrats preparing to question Mueller watch his old videos
Democrats watch old Robert Mueller videos as they prepare to question him; Mueller has made clear he's a reluctant witness
5:56AM ( 5 hours ago )
'It will not be easy': Dems prepare for their Mueller moment
Democrats prepare for Mueller questioning as the former special counsel has made clear he's a reluctant witness
2:53AM ( 8 hours ago )
AP Online Congress News
'Robot umpires' debut in independent Atlantic League
'Robot umpires' debut in independent Atlantic League; computer calls balls and strikes at All-Star Game
9:37AM ( 1 hour ago )
Amazon, seeking more skilled workers, will do the training
Amazon to spend more than $700M on training for about a third of its US workforce
9:35AM ( 1 hour ago )
Britain says Iranian vessels tried to block tanker in Gulf
The British navy says it has prevented three Iranian paramilitary vessels from impeding the passage of a British oil tanker in the Strait of Hormuz, a day after Iran's president warned of repercussions for the seizure of its own supertanker
9:01AM ( 1 hour ago )
AP Business
The Latest: EU cites progress on Iran barter system
The European Union says it is making some progress on its controversial barter-type system to trade with Tehran and get around U.S. sanctions as part of its efforts to keep the Iran nuclear deal alive
7:54AM ( 3 hours ago )
World shares mostly rise after Fed signals US rate cut
World shares mostly rise after Fed's Powell suggests US central bank may cut interest rates for 1st time in a decade
7:40AM ( 3 hours ago )
France adopts pioneering tax on tech giants after US threat
France has adopted a pioneering tax on internet giants like Google, Amazon and Facebook despite threats from the U.S.
7:08AM ( 3 hours ago )
AP Business - Economy
Britain says Iranian vessels tried to block ship in Gulf
The British navy says it has prevented three Iranian paramilitary vessels from impeding the passage of a British commercial ship in the Strait of Hormuz, a day after Iran's president warned of repercussions for the seizure of its own supertanker
3:55AM ( 7 hours ago )
UK: Iranian vessels tried to block British vessel in Gulf
Britain says three Iranian vessels unsuccessfully tried to impede the passage of a British commercial vessel through the Strait of Hormuz
1:19AM ( 9 hours ago )
New holding center for migrant children opens in Texas
A former oilfield worker camp off a dirt road in rural Texas has become the U.S. government's newest facility for detaining immigrant children after they leave Border Patrol stations
7:42PM ( 15 hours ago )
AP Business - Industries
Powell signals that rate cut could be coming soon
Powell sends strong signal that Fed is prepared to cut rates in light of rising uncertainties
12:11PM ( 22 hours ago )
The Latest: Powell says deficits on 'unsustainable path'
Fed Chairman Powell says federal government budget deficits on 'unsustainable path'
12:09PM ( 22 hours ago )
The Latest: Powell says pay gains too slow to lift inflation
Fed Chairman Powell says wage gains too slow to accelerate inflation
11:27AM ( 23 hours ago )
AP Business - Financial Services
Branson: Pound could be just a dollar in 'no-deal' Brexit
Virgin Group founder Richard Branson has warned that a no-deal Brexit will force the company to invest less in Britain because of pressures on the pound
10:34AM ( 24 minutes ago )
White House yanks drug 'rebate' plan to ease costs for some
The White House says President Donald Trump is withdrawing a plan that would have eased the financial bite of drug costs for people on Medicare by allowing them to receive rebates that drugmakers now pay insurers and middlemen
10:33AM ( 25 minutes ago )
APNewsBreak: Customs clarifies policy on plane ID searches
APNewsBreak: After lawsuit settlement, US Customs and Border Protection clarifies that airline passengers aren't required to submit to suspicion-less document checks
10:29AM ( 29 minutes ago )
Stocks rise on Wall Street, sending Dow briefly over 27,000
Technology and communications companies pushed U.S. stock indexes mostly higher in early trading Thursday, extending the market's gains from the day before
10:28AM ( 30 minutes ago )
No bones found in Vatican tombs searched for missing girl
A lawyer for the family of a Vatican City teenager who vanished in 1983 says no remains have been found in tombs opened near St. Peter's Basilica
10:13AM ( 45 minutes ago )