Federal Reserve

Fed officials express caution about pace of future hikes

Federal Reserve officials earlier this month appeared on track to raise its key interest rate again in December, but they signaled that the pace of future rate hikes might need to slow given emerging risks to the economy.

Business Highlights

___ Stocks surge as Powell hints at slower interest rate hikes NEW YORK (AP) — U.S. stocks made their biggest gain in eight months after Federal Reserve Chairman Jerome Powell hinted that the Fed might be willing to raise interest rates at a slower pace next year.

How major US stock indexes fared Wednesday

U.S. stocks rocketed to their biggest gain in eight months Wednesday after Federal Reserve Chairman Jerome Powell hinted that the Fed might not raise interest rates much further.

Trump can rail against Powell, but he can't fire him

Jerome Powell, the man President Donald Trump chose last year to lead the Federal Reserve, may at times think he's living through a prolonged episode of the "The Apprentice," the reality TV show in which Trump was famous for declaring, "You're fired!"