Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, Federal Reserve Chair Jerome Powell said on Thursday.

The U.S. central bank has lowered interest rates by 0.75 point since September.

Fed Chair Powell was pressed about how the central bank will alter its policy in the wake of President-elect Donald Trump's victory last week. Economists think that Trump's proposals during the campaign,

Trump hammered the administration for creating an “economic catastrophe,” but some of his favorite gauges for assessing economic performance have been humming.

President Joe Biden met with President-elect Donald Trump at the White House on November 13, 2024. Teenager makes first-of-its-kind invention on quest for unlimited energy: 'A significant impact on the energy industry' 20 spectacular countries where the US dollar is worth the most Princess Anne's $650,

Biden’s White House welcome to Trump versus Trump’s snub of Biden four years ago is matched by lack of reciprocity in the economy each gifted the other. Then-President-elect Biden inherited an economy from President Trump in shambles with the greatest economic collapse in the post-World War II era due to COVID-19.