After delivering back-to-back interest rate cuts this fall, the Federal Reserve is on a cautious, data-dependent path. Whether due to economic uncertainty, election implications, or a declaration of “mission accomplished” on the inflation front,

Powell pointedly sidestepped a question about how his picture of a “strong” economy contrasted so markedly with the lived experience of millions of workers and their families struggling with a significant reduction in their living standards.

U.S. President-elect Donald Trump is likely to allow Jerome Powell to serve the remainder of his term as the Federal Reserve chair, CNN reported on Thursday, citing a senior adviser to Trump.