Business

Powell says Americans forced to 'economize' as stubborn inflation squeezes household budgets

Fed Chair Jerome Powell reveals American consumers are struggling and looking to "economize" purchases amid stubborn inflation, as central bank holds rates steady.

Powell sidesteps questions on DOJ investigation, successor, administration criticism

Federal Reserve Chair Jerome Powell dodges questions about a criminal probe and future plans in a tense news conference after the central bank's rate cut decision Wednesday.

IRS CEO weighs in on whether potential shutdown will impact refund checks

Americans will receive tax refund checks even if there is a partial government shutdown, IRS CEO Frank Bisignano says as D.C. faces funding showdown.

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  1. Jerome Powell offers advice for next Fed chair, addresses his future at central bank
  2. Airlines increase flights at major US airport as rivalry heats up – what it means for travelers
  3. Some retirement savers lose a key tax break under new IRS rule
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