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United States Chair of the Federal Reserve Jerome Powell states that increased unemployment rates and labor market cooling has made it necessary for the Federal Reserve to markedly reduce interest rates in the near future.
2024-08-23

The Federal Reserve consecutively increases its benchmark interest rate by 0.75%.
2022-07-27

In an emergency move, its first since 2008, the U.S. Federal Reserve cuts the federal funds rate by 0.5%, to a range between 1 and 1.25%.
2020-03-3

Nate Sutton, associate general counsel of Amazon, in testimony before a committee of the U.S. Senate, denies that the company uses individual data to compete unfairly with smaller sellers using its third-party platform.
2019-07-16

U.S. President Barack Obama nominates Janet Yellen to become the next chair of the Federal Reserve after Ben Bernanke leaves that office.
2013-10-9

Ben Bernanke, chairman of the U.S. Federal Reserve announces explicit ties between Fed policy on interest rates and economic goals, especially unemployment.
2012-12-12

The chairman of the U.S. central bank, the Federal Reserve, likely will not stand for re-election to that post. Ben Bernanke has reportedly told friends he will leave when his term ends in January 2014 regardless of who wins the Presidential election campaign.
2012-10-22

The U.S. Senate confirmed two of the President's nominees to the Federal Reserve, bringing board membership up to the statutory complement of seven. This is the first time all seven seats have been filled in six years.
2012-05-17

Ben Bernanke, the Chair of the Federal Reserve, says the United States Federal Reserve is prepared to act against the prospects of deflation but expects economic growth to continue during the latter half of 2010 "albeit at a relatively modest pace."
2010-08-27

A spokesman for U.S. President Barack Obama expresses the administration's support for a second term for the incumbent Chairman of the Federal Reserve, Ben Bernanke, and says lawmakers would send a bad message by "playing politics in any way" with Bernanke's confirmation.
2010-01-24