Another contested meeting would mark further deviation from the Fed's traditional consensus-driven, decision-making process.

A widening battle for control of the U.S. central bank, considered an anchor institution of the global financial system, seems to already be underway.

Jerome H. Powell said the “balance of risks” across the economy had started to shift, raising the odds the central bank lowers borrowing costs at its next meeting in September.

Powell on Friday gave a tepid indication of possible cuts ahead as he noted a high level of uncertainty.

The S&P 500 looks like it will break a five-day losing streak.

The Federal Reserve chair gave prepared remarks at the Fed’s annual economic symposium in Jackson Hole, Wyoming.

Jerome Powell appeared to back a cut to borrowing rates and played down inflation risks in his annual speech at Jackson Hole.

The Federal Reserve chair underscored the impacts of Trump's tariffs and immigration policies.

LONDON: Stocks rose and US Treasury yields and the dollar fell on Friday after Federal Reserve chair Jerome Powell pointed to a possible rate cut at the central bank’s September…

Adam Posen, president of the Peterson Institute, said Powell's remarks translated to: "even if it pleases the president, we’re going to make the right call."

Another contested meeting would mark further deviation from the Fed's traditional consensus-driven, decision-making process.

Friday's booming rally turned into Monday's reality check as investors weighed just how aggressive the Federal Reserve will be.