Try GOLD - Free
Fed can wait to reduce interest rates: Powell
Financial Express Delhi
|June 25, 2025
THE FEDERAL RESERVE will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump's calls for immediate cuts.
"For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance," Powell said.
Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs. Powell has often received a positive reception before House and Senate committees that oversee the Fed, or at least muted criticism.
This story is from the June 25, 2025 edition of Financial Express Delhi.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Financial Express Delhi
Financial Express Delhi
'Our strategy is to serve India & address global AI workloads'
Neysa has secured $1.2 billion in financing, led by Blackstone and other investors, to develop sovereign Al infrastructure in India.
2 mins
February 21, 2026
Financial Express Delhi
US leads AI brain race; India at sixth spot: Report
THE US HAS bagged the first rank followed by China and Singapore while India has been ranked at the sixth spot, according to Global AI Brain Race Report 2026.
1 min
February 21, 2026
Financial Express Delhi
NH toll plazas likely to go cashless from April 1
HIGHWAYS AUTHORITY NHAI is considering discontinuing cash payments at highway toll plazas from April 1, requiring commuters to use only digital modes such as FASTag or UPI for toll payments.
1 min
February 21, 2026
Financial Express Delhi
Trade deal with US to be operational by Apr: Goyal
INDIA'S TRADE AGREEMENT with the US is likely to become operational by April, Commerce and Industry Minister Piyush Goyal said on Friday.
1 min
February 21, 2026
Financial Express Delhi
From silk looms to spam shields: AI weaving everyday life
ARTIFICIAL INTELLIGENCE COULD have a hand in the making of your next Banarasi silk saree.
2 mins
February 21, 2026
Financial Express Delhi
Peak XV raises $1.3 billion, first since Sequoia split
PEAK XV PARTNERS has raised $1.3 billion across three new funds, as the venture capital firm looks to invest in artificial intelligence and consumer startups across India and South East Asia.
1 min
February 21, 2026
Financial Express Delhi
Govt disburses ₹28,728 cr under PLI till December
THE GOVERNMENT HAS disbursed %28,728 crore till December-end as incentive under the Production Linked Incentive (PLI) scheme from its total outlay of 1.97 lakh crore.
1 mins
February 21, 2026
Financial Express Delhi
FTA promises fail to halt Big Pharma exits
FROM THE FRONT PAGE
3 mins
February 21, 2026
Financial Express Delhi
Ditch the Bitcoin illusion and tokenise real assets
AN UNINTENDED CONSEQUENCE of the brutal bear market in Bitcoin has been to focus the blockchain industry’s attention where it is most needed: real-world assets.
3 mins
February 21, 2026
Financial Express Delhi
Residential status impacts tax on foreign income of NRIs flying home
TRACKING DAY-COUNT EVERY YEAR ESSENTIAL TO PLAN TAX COMPLIANCES
2 mins
February 21, 2026
Listen
Translate
Change font size