In a speech to the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell said interest rates are just below the range of estimates that would be "neutral" for the economy.
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Federal Reserve Board Chairman Jerome Powell, seen before a Senate committee hearing in July. The Fed announced another interest rate bump Wednesday on the strength of a healthy economy.
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President Trump looks on as his nominee for Federal Reserve chairman, Jerome Powell, speaks at the White House on Nov. 2. On Thursday, Trump said he is "not thrilled" about Fed interest rate hikes.
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Federal Reserve Chairman Jerome Powell speaks before the Economic Club of Chicago on April 6. The central bank raised a key short-term rate by a quarter-point on Wednesday, the second increase this year.
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Trader Edward Curran (right) works on the floor of the New York Stock Exchange on Monday. As Treasury yields topped 3 percent on Tuesday, the Dow Jones industrial average tumbled.
Federal Reserve Board Chairman Jerome Powell testifies during a Senate banking committee hearing in Washington, D.C., on March 1. This week, Powell presided over a Fed policy meeting for the first time since becoming chairman.
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Federal Reserve Chair Janet Yellen, who will step down in February, has said she thinks the forces that have been holding inflation down are temporary and that she expects it will soon be on the rise again.
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Federal Reserve Chair Janet Yellen is expected to discuss the central bank's decision on a benchmark interest rate Wednesday. She's seen here speaking on Capitol Hill last month.
British Prime Minister David Cameron delivers a speech on the upcoming EU referendum in London on June 7. Concerns about a possible "Brexit" from the EU have rattled financial markets.
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Toyota cars for sale are parked at a dealership in Danvers, Mass. Federal Reserve policymakers left rates unchanged Wednesday, which should keep down the costs of car loans and other borrowing.